Innovate Auto Finance, a purchaser and servicer of automobile loan portfolios and provider of line-of-credit financing, has hired Kevyn Rails as vice president of portfolio acquisitions. In this role, Rails…
Kroll Bond Rating Agency (KBRA) has released its monthly auto loan indices. Annualized net losses and 60-plus day delinquencies fell month-over-month in both KBRA’s Prime and Non-Prime Indices. However, non-prime…
CarMax Inc. reports that net sales and operating revenues increased 0.8 percent to $4.08 billion in the quarter ended Feb. 28. Used unit sales in comparable stores declined 8 percent…
FCA US LLC reported March 2018 sales of 216,063 vehicles, a 14 percent increase compared with sales in March 2017 of 190,254 vehicles. The sales surge was lead by a…
The analysts at Kelley Blue Book reported the estimated average transaction price for light vehicles in the U.S. was $35,285 in March, an increase of $703 (2 percent) from year-ago…
Carvana Co. launched its newest Car Vending Machine in Tampa, Fla. The Car Vending Machine is eight stories high and holds up to 32 vehicles. This is Carvana’s second Car…
CarMax Inc. celebrated the opening of the company’s first store in the Greenville, N.C., area. The Greenville store is located at 601 Whitley Drive in Winterville and has the capacity…
The Conference Board Consumer Confidence Index decreased in March, following an increase in February. The Index now stands at 127.7, down from 130 in February. Consumers’ outlook for the job…
LAS VEGAS – Enterprise Rent-A-Car has come a long way from its modest start as a leasing company in 1957. Kurt Kohler, senior vice president of fleet acquisition and remarketing…