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Credit Acceptance shares another unscheduled update to address ‘select inquiries’
For the second time in a little more than a month, Credit Acceptance filed a form 8-K with the Securities and Exchange Commission to respond to “select inquiries” that the subprime auto finance companies has received through Monday. The one on Sept. 15 focused on the percentage of Credit Acceptance’s portfolio and new originations that […]
Used EV market a double-edged sword for dealers
Jimmy Douglas, who is the founder of Plug, an online wholesale auction for electric vehicles only, believes the used EV market presents both challenges and opportunities for dealers. Larger numbers of off-lease EVs are returning to the market starting this year, depressing used EV prices and residual values, he said. And on top of that, […]
Mobility conference showcases how cities seek technology to transform transportation for residents
Cities are partnering with the auto industry and autonomous/remote-controlled car technology providers to help solve transportation problems for residents, said panelists representing some of those municipalities and companies at the MOVE America conference here Sept. 23-24. MOVE America is a mobility and tech event that offers a platform for auto and technology companies, tech-savvy individuals, […]