automotive

How the Switch to EVs Is Changing Driving and Payments

How the Switch to EVs Is Changing Driving and Payments
How the Switch to EVs Is Changing Driving and Payments
February 02, 2023  |  Payments Innovation

As the era of the combustion engine winds down, its payment logic appears increasingly outdated. In its place, electrification is ushering in alternative models for...

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Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
January 31, 2023  |  Economy

Inflation and an uptick in new vehicle production have dampened the market for used cars. That’s according to a report late Monday (Jan. 30) from...

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TravelCenters Teams With Electrify America to Entice EV Drivers
TravelCenters Teams With Electrify America to Entice EV Drivers
January 30, 2023  |  Retail

TravelCenters of America is betting on electric vehicles (EVs) amid an industry-wide convenience store upgrade. The company — which operates TA, Petro Stopping Centers and...

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Capital One Helps Car Dealers Simplify Car Shopping With Digital Tool
Capital One Helps Car Dealers Simplify Car Shopping With Digital Tool
January 27, 2023  |  Loans

Capital One has launched a digital tool that helps dealers better understand consumers’ financial preferences upfront, creating a more transparent car buying experience. With the...

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Lloyds Parks $4.9M in Driving-Related App Caura
Lloyds Parks $4.9M in Driving-Related App Caura
January 26, 2023  |  Investments

Lloyds Banking Group has invested $4.9 million in “all-in-one” driving app Caura. The British firm announced the investment — its third in a FinTech company...

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EVs Buck Trend for Declining Auto Production in the UK
EVs Buck Trend for Declining Auto Production in the UK
January 26, 2023  |  Technology

U.K. car production was down nearly 10% in 2022 but electric vehicle (EV) production rose. Data published by the Society of Motor Manufacturers and Traders...

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Group 1 Shows Car Sales up but Margins Down as Inventory Recovers
Group 1 Shows Car Sales up but Margins Down as Inventory Recovers
January 25, 2023  |  Retail

Group 1 Automotive’s latest earnings results show consumers are still buying new and used cars but are getting better deals. The automotive retailer with 204...

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CarMax Expands Deployment of AI-Powered Vehicle Inspection Systems
CarMax Expands Deployment of AI-Powered Vehicle Inspection Systems
January 24, 2023  |  Artificial Intelligence

CarMax is rolling out artificial intelligence (AI)-powered vehicle inspection systems across its wholesale business. The used car retailer has partnered with AI technology company UVeye...

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