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Ford Becomes First to Gain Access to Tesla Supercharger Network
Beginning in early 2024, Tesla will allow Ford EV owners access to a large share of their network, including over 12,000 supercharges across the United States. As a result, Ford will begin to incorporate new…
CarMax Leads the 2022 Used-Vehicle Sales Ranking
CarMax has been a longtime leader in the Automotive News’ top 100 U.S. dealership group rankings but has secured a spot as the number one used-vehicle retailer on Automotive News’ new used-vehicle-only sales report. CarMax…
Total US Credit Card Debt Increased 15.2% Over the Last Year to an All-Time High of $986 Billion
Total US credit card debt increased 15.2% over the last year to an all-time high of $986 billion. Covid lockdowns and related stimulus caused credit card debt to fall 16.9% between 2019 Q4 and 2021…
Automated Vehicle Inspection Company, UVeye, Raises $100 Million for U.S. Expansion
UVeye, the developer of AI-based vehicle inspection systems, raised more than $100 million in Series D funding at a valuation of nearly $800 million. The round was led by Hanaco VC, with participation from General…
EV Sales Surged in Past Two Years
According to the National Automotive Dealers Association and Wards Intelligence Data, dealerships sold five times as many electric vehicles in 2022 as in 2020. This same report projected that EV sales will continue to increase…
