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Auto Credit Harder To Get
Cox Automotive reported that access to automotive credit waned in April for all auto loan types. Cox’s All-Loans Index fell 1.5% in April to its lowest level since February 2021. Availability was reported 8.5% tighter…
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…
