Buyers Unlikely to Bite on Uber Subprime Leasing Unit

  • Emma Sandler
  • August 17, 2017
Uber Technologies Inc.’s plan to consolidate or sell its subprime leasing arm, Xchange Leasing, would be a “smart move,” Grayson Brulte, a consultant and president of Brulte & Co., told Auto Finance News. However, Brulte thinks it unlikely another company would acquire the unit, because subprime is a business “about to burst.” Last Updated: 17th August, 2017, 11:16 […]

Carvoy Launches ‘Ignite’ to Push Live Inventory

  • Emma Sandler
  • July 11, 2017
Carvoy launched its “Ignite” offering today to provide customers with live inventory access to thousands of vehicle listings — from traditional combustion engines to electric vehicles. Live inventory has always been something the New York City-based company has aimed for, and Carvoy began working on it a few months after the startup was launched in 2015, Haddar Levy, […]

AutoGravity Launched Real-Time Mobile Financing with Fletcher Jones Auto Group

  • Emma Sandler
  • June 16, 2017
AutoGravity, the fintech auto financing company, has updated its FJ Drive app, which links to Fletcher Jones Auto Group and its Mercedes-Benz dealerships, to now allow for financing of real-time inventory, the company announced yesterday. AutoGravity and Fletcher Jones Auto Group launched the app in Nov. 2016, but at that time only allowed users to look at a […]

5 Under-the-Radar Rideshares Looking to Offer Leasing to Drivers

  • Emma Sandler
  • June 12, 2017
There appears to be an increasing trend for rideshares to offer some kind of leasing incentive (a la Uber Xchange) to drivers as an incentive. Many of these rideshares are newcomers, operating on a small scale or geographical area, while others have been around for a few years, and have driven several thousand passengers around. These rideshares […]

SPLT ‘In Talks’ with OEM to Launch Carshare Model, Exec Says

  • Natalie Mattila
  • June 12, 2017
SPLT is “in talks” with an automaker to integrate its carpool app into the OEM’s connected vehicles, as part of the startup’s plans to launch a carsharing model, Kristin Welch, SPLT’s head of business development and corporate strategy, told Auto Finance News. SPLT envisions shifting its model from B2B to business-to-business-to-consumer, Welch said. Coworkers can […]
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