Edmunds Archives

Explaining what 75 basis-point rise in interest rates might do within auto financing

(Source: AutoRemarqueting) Experts from Cox Automotive and Edmunds offered perspectives on what might happen within auto financing after the Federal Reserve made its largest increase interest rates at a single point since 1994. The Federal Open Market Committee voted 10-1...

June 16, 2022

CarMax to acquire full ownership of Edmunds

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CarMax to acquire full ownership of Edmunds

After purchasing a minority stake in the company in early 2020, CarMax said Thursday it will acquire the remaining shares of Edmunds. The retailer invested $50 million in the online car shopping guide [2] in January 2020, acquiring a minority...

April 2, 2021

CarGurus unveils pre-qualify program through Capital One, Westlake & GLS

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CarGurus unveils pre-qualify program through Capital One, Westlake & GLS

CarGurus announced a new feature that can enable shoppers to pre-qualify for financing as they search on CarGurus for their next vehicle; a program provided through CarGurus’ listing dealers that book paper through Capital One, Westlake Financial Services and Global Lending Services LLC Services. “Financing is...

January 29, 2021