Financial News

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…
Hyundai Motor America reported total August sales of 58,361 units, an 8 percent decline compared with August 2019. Retail sales were down 2 percent. Hyundai fleet sales were down 63…
According to data presented by StockApps.com, the market capitalization of the world’s most valuable car company, Tesla, hit over $460 billion this week, almost seven times more than Ferrari, Porsche…
Flagship Credit Acceptance LLC announced the appointment of Rob Crowl, who has more than 34 years of financial experience spanning the banking and specialty finance industries, as Chief Financial Officer.…
Asbury Automotive Group, Inc. has completed the acquisition of Park Place Dealerships adding approximately $1.7 billion in annual revenues. “Park Place remains one of the best operators of luxury stores…