automotive industry

High Interest Rates Drive New Records in Auto Loan Payments

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. Get the Full Story...

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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

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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

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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. Get the Full...

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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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