Financial News

Akron Auto Auction (AAA) announced that its Online Sales team is the recipient of the 2019 OVE award for Highest MMR Percentage Retention. Amanda Barker, AAA Online Sales Coordinator, received…
Carketa, the Utah-based developer of the Carketa “Recon” SaaS app, announced it closed a $1.375 million seed round financing led by Crosslink Capital with additional funding from Hack VC. Carketa’s…
AutoNation announced that it will offer U.S. military personnel from coast to coast, free vehicle sanitization, every Tuesday beginning Sept. 15 through Nov. 11. U.S. military personnel are encouraged to…
Auto Financial Group (AFG) and CRIF Select announced a new partnership. CRIF Select will now offer AFG’s walk-away balloon and leasing programs through their 5,000 auto dealers and 140+ lender…
Vroom Inc., an e-commerce platform for buying and selling used vehicles, announced that it has commenced an underwritten public offering of its common stock. Vroom is offering 9,000,000 shares of…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.64 percent month-over-month in August. This brought the Manheim Used Vehicle Value Index to 163.7, a 15.8…
CRIF Select, a provider of indirect lending partner programs, has reached an agreement with Pentagon Federal Credit Union (PenFed) for an exclusive indirect lending partnership. Headquartered in Tysons, Va., PenFed…
In the week ending August 29, the advance figure for seasonally adjusted initial claims was 881,000, a decrease of 130,000 from the previous week’s revised level. The previous week’s level…
Westlake Financial announced the roll-out of its Auto Lease Program. Auto leasing will launch with Franchise Dealers in California and Arizona and expand into more markets throughout 2020. “Our goal…
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