Tesla’s dominance of the American electric car market has faded, even as vehicle sales surge. The company’s share of the electric vehicle (EV) market fell just below 50% in the second quarter of the year, The New York Times reported Tuesday (July 9), citing new...
Online car marketplace Carvana has introduced new features for buying and selling electric vehicles (EVs). The company says its new streamlined process highlights vehicles qualifying for the Clean Vehicle Tax Credit in the search experience and lets eligible customers apply the up to $4,000 in...
Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. The settlement followed an investigation by the Consumer Financial Protection Bureau, which accused the bank of forcing vehicle insurance onto borrowers who had coverage and setting up fake accounts in...
As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the right platform for its growth. First, the sales update. As the major car companies report...
July 05, 2024
As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the right platform for its growth. First, the sales update. As the major car companies report their second-quarter 2024 sales, the results for overall electric vehicle […]
July 01, 2024
Macroeconomic uncertainty over inflation and interest rates is affecting big-ticket items and leading to shifts among consumers. More homeowners — who have opted not to buy a new residence due...
June 28, 2024
With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. For instance, Bloomberg reported this week that private equity firm...
June 05, 2024
For as long as cars have existed, entrepreneurs have chased the dream of autonomous vehicles. Self-driving vehicles, across commercial, personal and industrial use, have the potential to transform — and...
July 10, 2024
Tesla’s dominance of the American electric car market has faded, even as vehicle sales surge. The company’s share of the electric vehicle (EV) market fell just below 50% in the second quarter of the year, The New York Times reported Tuesday (July 9), citing new estimates from Cox Automotive. The figures showed that Tesla made […]
July 10, 2024
Online car marketplace Carvana has introduced new features for buying and selling electric vehicles (EVs). The company says its new streamlined process highlights vehicles qualifying for the Clean Vehicle Tax...
July 09, 2024
Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. The settlement followed an investigation by the Consumer Financial Protection Bureau, which accused the bank...
July 01, 2024
CDK Global is reportedly restoring its systems that were hacked and expects to have all the car dealerships using its platform live by the morning of July 4. “We are...
