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Bank of America Corp., the biggest U.S. lender by assets, set up an online service that lets customers apply for loans and shop for new and used cars and trucks.
Bank of America’s network of more than 4,000 auto dealers will list their inventory on the website, which uses a platform developed by TrueCar Inc., according to a statement by the Charlotte, North Carolina-based bank.
TrueCar, an online vehicle-pricing provider based in Santa Monica, California, has network-sharing agreements with other lenders including Capital One Financial Corp. and shopping websites such as those run by EBay Inc. and Overstock.com Inc., said Chintan Talati, a spokesman.
Dealers using TrueCar’s network, called Zag, sold more than 100,000 new cars this year though Nov. 12, Talati told Bloomberg in a telephone interview.
Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
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Fast charging of electric vehicles provides a solution for range anxiety, but it also poses a risk to battery cycle life due to increased temperatures, according to an EV supply chain data provider.
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Expanding Midwest automotive group picks up three stores as part of the robust transaction activity early this year.
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Stellantis is adding a third end-of-life vehicle dismantling facility to feed its growing reuse business sparked in large part by autos’ growing lifespans.
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Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
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The automaker says its movement of some electric-vehicle work to the S.C. factory is part of a more tailored product focus. It also plans to add a new hybrid model to the plant’s itinerary.
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Last week's wholesale automotive auction activity continued in a healthy mode, though buyers practiced selectivity.
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CarGurus’ first quarterly review of 2026 shows that affordability concerns are continuing to drive consumer purchases with a shift to more fuel-efficient options.
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JD Power analysts see auto retail faring this year’s storms well through various means, though it acknowledges conditions are challenging to accurately predict.
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Car insurance premiums have continued to decline so far this year, the overall national average settling at $138 per month in March, according to Insurify data.
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