automotive industry

High Interest Rates Drive New Records in Auto Loan Payments
High Interest Rates Drive New Records in Auto Loan Payments
October 06, 2023  |  Loans

The surge in interest rates has resulted in record-high loan payments for consumers who have borrowed money to purchase new cars. With one in five...

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Mapbox Raises $280 Million to Expand AI-Driven Location Features
Mapbox Raises $280 Million to Expand AI-Driven Location Features
September 19, 2023  |  artificial intelligence

Mapbox, a location platform, has secured a $280 million investment in a Series E funding round to support the expansion of its platform in the...

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Connected Cars Promise US Drivers Convenience, Payments Efficiency This Holiday
Connected Cars Promise US Drivers Convenience, Payments Efficiency This Holiday
July 04, 2023  |  Connected Economy

According to estimates from the American Automobile Association (AAA), a record number of Americans — 43.2 million people — are expected to be traveling by...

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PYMNTS Intelligence: Connected Fleets Are Becoming the New Normal
PYMNTS Intelligence: Connected Fleets Are Becoming the New Normal
October 19, 2022  |  B2B Payments

The history of connected vehicles began with GM’s introduction of OnStar® in 1996, and in 2021, the number of connected vehicles in the United States...

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The Changing Relationship Between Customers and Vehicles
The Changing Relationship Between Customers and Vehicles
October 18, 2022  |  B2B Payments

Nearly 9 in 10 fleet operators say connected vehicle tech saves money and improves driver safety. It also creates the foundation for new fleet payments...

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Connected Cars Unlock New Fleet Payments Use Cases
Connected Cars Unlock New Fleet Payments Use Cases
October 17, 2022  |  B2B Payments

The pandemic may have slowed the global connected truck market, but as restrictions wane and supply chains recover, that market alone is expected to have...

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Toyota Taps Stripe to Help Auto Repair Shops
Toyota Taps Stripe to Help Auto Repair Shops
July 26, 2022  |  Partnerships

Toyota has teamed up with Stripe on a program designed to simplify repairs for auto shops while also reducing their carbon footprint. “The challenge for...

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Automotive Recovery Depends On Digital 3.0
Automotive Recovery Depends On Digital 3.0
July 14, 2020  |  Retail

As predicted by the PYMNTS COVID-19 Tracker project, the automotive business will need to shift to Digital 3.0 for any kind of post-pandemic recovery. That...

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Auto Marketing Will Support The Digital Shift
Auto Marketing Will Support The Digital Shift
April 22, 2020  |  Retail

In a time period dominated by retail sales declines, the hardest hit has been the automotive industry. While March retail sales dropped 8 percent overall,...

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