Financial News

Subaru of America recently reported 44,373 vehicle sales for January 2023, a 0.5 percent increase compared with January 2022 (44,158). January also marked the sixth consecutive month of month-over-month sales…
Blake Lawson has been named RumbleOn’s chief financial officer. RumbleOn Inc., a technology-based omnichannel powersports platform, said Lawson will serve as a member of the executive leadership team and report…
Axis Auto Finance Inc., a fintech lender servicing the alternative auto finance market, has purchased a portfolio of auto loans from an Ontario based competitor. Highlights: $17.2 million in auto…
Total new-vehicle sales for January 2023, including retail and non-retail transactions, are projected to reach 1,043,100 units, a 5.4% increase from January 2022 according to a joint forecast from J.D.…
KBRA has assigned preliminary ratings to five classes of notes issued by CarNow Auto Receivables Trust 2023-1, an asset-backed securitization collateralized by a pool of auto loans. CNART 2023-1 will…
Experian has formed a new alliance with Recurrent, the battery range and analytics company. Through the alliance, the Recurrent Battery Report for used electric vehicles will be offered alongside Experian’s…
The board of directors at Penske Automotive Group, a diversified international transportation services company, has increased the company’s quarterly dividend by $0.04 per share, or 7%, to $0.61 per share.…
Northwood University has received a $100,000 gift from CDK Global, an automotive retail software provider, to fund scholarships for students enrolled in the university’s Automotive Marketing and Management Program. “Northwood…
CarNow and VINCUE have entered a new, long-term partnership that combines VINCUE’s inventory management platform capabilities with CarNow’s Real-Time Retail platform. As part of the partnership, CarNow will leverage VINCUE…
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