In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-term strategic plan leveraging its assets like United Auto Credit Corporation (UACC), a...
The U.S. is reportedly readying a ban on Chinese technology in connected and autonomous cars. That prohibition — borne of national security concerns — from the U.S. Commerce Department is expected on Monday (Sept. 23), Reuters reported, citing two sources familiar with the matter. Those...
Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and that will probably bode well,” Carvana CEO Ernest Garcia III told reporters Tuesday (May 14) at an Automotive Press Association event...
Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto finance suite, Odessa said in a Wednesday (April 24) press release. “Odessa’s deep asset finance experience enables the company to offer...
September 23, 2024
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-term strategic plan leveraging its assets like United Auto Credit Corporation (UACC), a leading automotive finance company; and CarStory, a leader in AI-powered […]
February 11, 2021
Subscriptions in the world of cars has had some trouble getting into gear. In 2018, both Audi and BMW announced subscription programs that would allow consumers to pay a monthly...
July 31, 2020
Tests of truly autonomous self-driving vehicles have been uneven at best, but with each scraped test hubcap, the concept draws closer to reality. Major automakers are in, with Toyota backing...
June 02, 2020
There are some experiences that seem impossible in light of the social distancing rules emerging in the post-lockdown period. Yes, you can modify dining out and going to the movies, but it would...
October 07, 2024
The Consumer Finance Protection Bureau (CFPB) says it’s taking action against improper automobile repossessions. The regulator on Monday (Oct. 7) released findings in its investigation into illegal practices in the auto finance world, including lenders repossessing cars after they’ve made payments or gotten extensions on their loans. “Borrowing to buy a vehicle is one of […]
September 22, 2024
The U.S. is reportedly readying a ban on Chinese technology in connected and autonomous cars. That prohibition — borne of national security concerns — from the U.S. Commerce Department is...
May 14, 2024
Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and that will probably bode well,”...
April 24, 2024
Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto finance suite, Odessa said in...
