Carvana Co. recently announced financial results for the fourth quarter. Retail units sold totaled 13,517. Revenue totaled $265.1 million. Total gross profit was $21.9 million. Total gross profit per unit…
A recent survey by Autolist aimed at gauging the $7,500 federal tax credit for electric vehicles' popularity shows strong sentiment for keeping or even expanding the EV incentive. According to…
Westlake Financial Services announced a new partnership with AUL Corp. AUL will now provide back-end servicing in 19 states for Secure One, Westlake’s vehicle protection program. Secure One offers two…
The Consumer Financial Protection Bureau issued a request for information on the Bureau’s adopted regulations and new rulemaking authorities. The Bureau is seeking comments and information from interested parties to…
NextGear Capital is announcing the launch of AutoPay, a new feature within the Account Portal, the floor planner’s account management platform. Account Portal provides account overviews for dealer and auction…
TD Auto Finance has announced the national expansion of TDAF Commercial Services, which leverages TD Bank, N.A., to provide floor plan financing and commercial lines of credit to automotive dealerships.…
Small business owners are showing unprecedented confidence in the economy as the optimism index continues at record high numbers, rising to 107.6 in February, according to the NFIB Small Business…
Spireon Inc. celebrated growth in 2017. Spireon increased its market share by 8 percent in the auto finance segment for the second half of 2017, compared to the same period…
Used car prices will stabilize over the next three years, according to the Moody’s Analytics Used Car Price Outlook. Off-lease volumes will continue to rise, yet at a decreasing rate,…