Ukraine war-induced supply chain disruptions coupled with a biting cost of living crisis in Europe have led to a record slump in new car sales in the last year. As James Jackson, CEO at U.K. auto startup Bumper, told PYMNTS, that slowdown in new car sales has meant...
Auto repair is about grease and gears, and digital is taking it in new directions. Speaking with PYMNTS’ Karen Webster for the J.P. Morgan Global Innovators in Payments series, Jeff Haynie, chief technology officer at auto repair shop management platform Shopmonkey, described a sector transitioning...
AutoZone is growing its sales to both professional repair shops and do-it-yourselfers. The auto parts chain said in a Tuesday (Dec. 6) press release that its domestic same-store sales were up 5.6% during the quarter ended Nov. 19, on top of the 13.6% gain it...
To help keep vehicles rolling, BNPL firms offering auto repair financing are on the rise. As proof that the concept has wheels, U.K.-based buy now, pay later (BNPL) firm Bumper recently raised 26.1 million pounds in a Series A extension round to help fund the...
August 02, 2023
The short-term, interest-free monthly payments offered by buy now, pay later (BNPL) plans are used more by millennials than other generations, as noted in the recent PYMNTS collaboration with Sezzle, “The Credit Economy: How Younger Consumers Make Credit Decisions.” Over 20% of the surveyed age cohort, whose members were born between 1981 and 1996, had […]
May 22, 2023
Ukraine war-induced supply chain disruptions coupled with a biting cost of living crisis in Europe have led to a record slump in new car sales in the last year. As James Jackson, CEO...
December 15, 2022
Auto repair is about grease and gears, and digital is taking it in new directions. Speaking with PYMNTS’ Karen Webster for the J.P. Morgan Global Innovators in Payments series, Jeff...
December 06, 2022
AutoZone is growing its sales to both professional repair shops and do-it-yourselfers. The auto parts chain said in a Tuesday (Dec. 6) press release that its domestic same-store sales were up 5.6% during the quarter ended Nov. 19, on top of the 13.6% gain it made last year. Both commercial and retail sales were up. […]
October 10, 2022
Open banking payment provider Ecospend has launched a new marketplace payment solution for car repair-focused BNPL platform Bumper that will help connect customers with car dealers, a press release said....
