automotive

US Bank Helps Car Dealers Deliver Instant Funding
US Bank Helps Car Dealers Deliver Instant Funding
August 09, 2022  |  Loans

U.S. Bank can now provide loan funds to car dealers immediately after a loan contract is finalized by the bank, according to a Tuesday (Aug....

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CarGurus Slumps, Company Sees Slowing Q3 Sales, Reduced Demand for Cars
CarGurus Slumps, Company Sees Slowing Q3 Sales, Reduced Demand for Cars
August 09, 2022  |  Retail

Shares of online automotive platform CarGurus fell as much as 15% in extended trading Monday (Aug 8) after the Cambridge, Mass-based company said its sales...

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Supply Chain Snarls Will Keep Car Prices High, Morgan Stanley Analyst Says
Supply Chain Snarls Will Keep Car Prices High, Morgan Stanley Analyst Says
August 07, 2022  |  Supply Chain

Prices for automobiles, both new and used, were at a new high level as of June, a report from Seeking Alpha says. The company quoted...

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Autonomy Partners With DigiSure to Offer Embedded Insurance for Car Subscriptions
Autonomy Partners With DigiSure to Offer Embedded Insurance for Car Subscriptions
August 04, 2022  |  Partnerships

Electric vehicle (EV) subscription company Autonomy has partnered with Protection-as-a-Service company DigiSure to offer embedded insurance for car subscriptions. By partnering with DigiSure to enter...

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Salvage Yards Aim to Replace Rusty Processes With New Technology
Salvage Yards Aim to Replace Rusty Processes With New Technology
August 03, 2022  |  Technology

As a member of a family that’s been in the automotive salvage business for four generations and almost 100 years, APFusion Founder and CEO Alex...

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Parts Suppliers Look Beyond DIY With Buy Online, Find a Mechanic Feature
Parts Suppliers Look Beyond DIY With Buy Online, Find a Mechanic Feature
August 03, 2022  |  Earnings

While there are some consumers who enjoy working on their cars, there are others who find car repair to be complex and stressful. Plus, even...

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CarParts.com Benefits From Drivers Keeping Cars Longer
CarParts.com Benefits From Drivers Keeping Cars Longer
August 03, 2022  |  Retail

More drivers are keeping their cars longer due to increasing interest rates and a precipitous drop in the stock of new cars, which is helping...

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Credit Crunch Looms for Auto Lenders as Paycheck-to-Paycheck Pressures Intensify
Credit Crunch Looms for Auto Lenders as Paycheck-to-Paycheck Pressures Intensify
August 02, 2022  |  Loans

The credit crunch looms for auto lenders — perhaps most imminently for those lending to the subprime market. To that end, and as noted Tuesday...

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Green Payments Intros PCI-Compliant Processes for Car Dealers
Green Payments Intros PCI-Compliant Processes for Car Dealers
August 02, 2022  |  POS Innovation

Credit card and point of sale (POS) processor Green Payments is launching its new Dealer Genie program, which is intended to offer automotive dealer merchants...

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