Higher rates are already shifting access to vehicles and financing towards wealthier consumers as overall affordability declines.
Despite the interest in EVs, cost remains a critical barrier for fleet managers, particularly the larger upfront costs known to deter EV adoption.
AFC, which is a business unit of KAR Auction Services Inc., has promoted Kyle Maurer to VP of operations for the East Division.
U.S. Bank has partnered with AutoGravity to create a new platform that allows consumers to shop for a new car and receive pre-approval for a loan directly on the bank’s website, according to a company announcement.
IronPlanet announced that buyers on IronPlanet, TruckPlanet, and GovPlanet can take advantage of instant express financing on equipment purchases when they want to bid.
eOriginal, Inc., the experts in digital transactions, announced that J.D. Byrider, a Carmel, Ind.-based leading used car sales and finance enterprise, has adopted a digital financial transaction management solution for its non-prime automotive loans.
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