Financial News

Cars.com has appointed Sonia Jain to chief financial officer effective July 6. Jain joins CARS from Redbox and has more than 10 years of retail, technology and financial management experience.…
The auto loan default rate dropped 10 basis points to 0.56 percent, according to data through May 2020 from S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit…
Swapalease.com, a car lease marketplace, reports car lease credit applicants registered a 68.6 percent approval rate in May, a significant increase from the April rate of 63.8 percent. The increase…
Cars.com Inc. announced an amendment to its existing credit facility providing the company with increased covenant flexibility through the end of the facility in May 2022. The amendment includes a…
CDK Global, Inc., a retail automotive technology company, announced its intention to create a chief operating officer (COO) role to better align functions and improve the overall effectiveness of the…
Delinquency rates on automotive loans were down in the first quarter of 2020, according to Experian’s latest State of the Automotive Finance Market Report. Second-quarter numbers are expected to be…
Penske Automotive Group provided an operational update on its business, noting improvements in automotive retail business conditions in May when compared to March and April. “I am encouraged by the…
Interest rates for new vehicles in May dropped to the lowest level seen by the industry in nearly seven years, according to the car shopping experts at Edmunds. The annual…
Mazda North American Operations reported total May sales of 24,933 vehicles, a decrease of 1.0 percent compared to May 2019. Year-to-date sales totaled 103,543 vehicles, a decrease of 10.5 percent.…