Financial News

Credit Acceptance Corp. announced consolidated net income of $120.1 million for the first quarter, compared to consolidated net income of $93.3 million for the same period in 2017. Credit Acceptance…
Expansion is on the agenda for small business owners in 2018, with more than half anticipating revenue growth and 22 percent planning to hire staff, according to the 2018 Small…
Spireon announced its NSpire 3.0 IoT platform was awarded Silver for New Product or Service of the Year in the 16th annual American Business Awards. Honored in the software subcategory,…
Black Book’s Used Vehicle Retention Index for April remained unchanged from March at 112. The index has now declined 1 percent over the last 12 months (113.1). The Black Book…
Chase Auto and Jaguar Land Rover North America announced the renewal of their private label agreement, extending Chase’s role as the private label finance provider for the auto manufacturer. For…
Consumers continue to increase the amount of new car purchases they finance as transaction prices remain high. Interest rates on new vehicle loans remained at levels in April not seen…
General Motors Financial Company Inc. announced net income of $369 million for the quarter ended March 31, compared to $202 million for the quarter ended March 31, 2017.Retail loan originations…
Carvana Co. announced the upsize and pricing of its follow-on public offering of 11 million shares of its Class A common stock at a price to the public of $27.50…
Huntington Bancshares Inc. reported strong performance for auto finance in the first quarter. Average automobile loans increased $1 billion in the first quarter, driven by $6.2 billion of new production…
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