Financial News

IAA Inc., a global digital marketplace connecting vehicle buyers and sellers, announced the appointment of Andrew Albrecht as vice president and chief information security officer. Albrecht will report directly to…
Discover, a digital bank and payments company, and Car IQ, a California based financial technology startup, have partnered to create an innovative payment platform for machine-initiated payments beginning with automotive…
Penske Automotive Group Inc., a diversified international transportation services company, announced the company has repaid in full, at scheduled maturity, its $300 million Senior Subordinated Notes due Aug. 15. The…
The auto loan default rate rose 7 basis points to 0.47 percent in July 2020, according to S&P Dow Jones Indices and Experian data released for the S&P/Experian Consumer Credit…
Hertz Global Holdings Inc. announced that Chief Financial Officer Jamere Jackson has resigned to pursue a new opportunity. Jackson will remain with Hertz until Sept. 11, to assist in the…
HyreCar, a carsharing marketplace for ridesharing and delivery, recently reported financial results and provided a corporate update for the second quarter ended June 30. “HyreCar’s second quarter revenues grew 47…
Advance estimates of U.S. retail and food services sales for July 2020 were $536.0 billion, an increase of 1.2 percent (± 0.5 percent) from the previous month, and 2.7 percent…
Off-highway motorcycle sales rocketed 50.3 percent in the first half of the year compared with the same period last year, while dual-purpose motorcycle sales jumped 20.9 percent in the same…
J.D. Power announced it has entered into an agreement to purchase ALG Inc., from TrueCar, Inc., for $135 million. ALG is an industry authority on automotive residual value projections in…