The Conference Board Consumer Confidence Index decreased in June, following an increase in May. The Index now stands at 126.4, down from 128.8 in May. Consumers’ outlook for the labor…
A little over two years after being acquired by Mexico City-based Credito Real, AFS Acceptance LLC has announced it will be changing their name to Credito Real USA Finance (CRUSAfin).…
CarMax Inc. is hiring to fill more than 60 positions for a new location in Wilmington, N.C. The store is slated to open in September. It will be located at…
The auto finance default rate has steadily fallen in 2018 and now is at its lowest rate since July 2017, according to S&P Dow Jones Indices and Experian. The S&P/Experian…
CarMax Inc. reported higher net sales and operating revenue for the quarter ended May 31.Net sales and operating revenues increased to $4.79 billion. Used unit sales in comparable stores declined…
Carvana Co. launched its largest Car Vending Machine to date. The nine-story all-glass tower is located in the company’s hometown of Tempe, Ariz. It holds up to 34 vehicles. This…
Pre-approvals and credit checks remain a critical component of the automotive shopping process. That is among the findings Equifax Inc. unveiled through additional analysis in its ongoing study of consumer…
Honda Certified Pre-Owned vehicles set an all-time monthly sales record in May, with sales of 26,192 certified pre-owned vehicles, topping the previous sales high of 25,139 vehicles in August 2013.…
The Consumer Financial Protection Bureau announced a settlement with Security Group Inc., a South Carolina corporation, and its subsidiaries, Security Finance Corporation of Spartanburg and Professional Financial Services Corp. The…

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