automotive

Monthly New Car Loan Payments Hit Record High Of Nearly $600
Monthly New Car Loan Payments Hit Record High Of Nearly $600
March 04, 2021  |  Loans

Loan payments for new cars escalated to record highs, closing in on $600 per month, CNBC reported on Thursday (March 4), citing data from the...

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Driving Trust In The Cross-Border B2B Used Vehicle Trade
Driving Trust In The Cross-Border B2B Used Vehicle Trade
March 02, 2021  |  B2B Payments

With the rise of eCommerce elevating shoppers’ standards to new heights, digitization has the potential to make even the most notoriously “un-fun” shopping experience a...

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Carvana Sells More But Spends More As Effort To Meet Demand Proves Costly
Carvana Sells More But Spends More As Effort To Meet Demand Proves Costly
February 26, 2021  |  Earnings

Carvana, the fastest growing and second largest seller of used cars in the country, said Thursday (Feb. 25) it set several sales and profitability records...

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Online Car Market Gettacar Revs Up With $25 Million Round
Online Car Market Gettacar Revs Up With $25 Million Round
February 24, 2021  |  Investments

Online car-buying startup Gettacar has announced $25 million in funding toward its goal of making the car buying and ownership process more streamlined, a press...

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EV Maker Lucid Motors Merges With Churchill SPAC To Go Public
EV Maker Lucid Motors Merges With Churchill SPAC To Go Public
February 23, 2021  |  IPO

Luxury electric vehicle (EV) maker Lucid Motors and special purpose acquisition company (SPAC) Churchill Capital Corp IV (CCIV) are planning a merger to go public....

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Goodyear-Cooper Tire Merger Heats Up Competition Among Auto Service Chains
Goodyear-Cooper Tire Merger Heats Up Competition Among Auto Service Chains
February 23, 2021  |  Retail

The announced combination of Goodyear and Cooper Tire, the largest and fifth-largest tire manufacturers in North America, is set to not only increase competition with...

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EV Maker Lucid Motors Seeks $1.5 Billion In SPAC Deal
EV Maker Lucid Motors Seeks $1.5 Billion In SPAC Deal
February 16, 2021  |  IPO

Lucid Motors, the luxury electric vehicle maker, is close to a deal for an initial public offering (IPO) at a $12 billion valuation after a...

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AutoNation’s Same-Store Revenues Rise 5 Pct
AutoNation’s Same-Store Revenues Rise 5 Pct
February 16, 2021  |  Retail

AutoNation, Inc. reported as part of its financial results that same-store revenue climbed 5 percent from Q4 2019 to Q4 2020, according to a Tuesday...

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Self-Driving Cars, Product Drops, Loyalty Programs Top This Week’s News
Self-Driving Cars, Product Drops, Loyalty Programs Top This Week’s News
February 12, 2021  |  The Weekender

In this week’s news, BMW, Magna or others might team with Apple on self-driving cars, while product drops and exclusive sales bolster retailers’ bottom lines. Plus,...

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