Automotive Finance Market: Coronavirus Pandemic: Short and long-term actions taken by Key Player? Fortune Business Insights

The MarketWatch News Department was not involved in the creation of this content.

Sep 21, 2020 (The Expresswire) —
The Global “Automotive Finance Market”is likely to grow in the coming years with impetus from strategic collaborations among companies from across the world. According to a report published by Fortune Business Insights, titled “Automotive Finance Market Size, Share and Global Trend by Loan Provider (OEMs, Banks, Financing institutions), Service Type (New vehicles, Used vehicles), Industry Verticals (Residential Use, Commercial Use, Government Use), and Geography Forecast till 2026,” the market is likely to expand in the coming years, driven by increasing demand for electric cars and adoption of e-commerce business platforms.

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Nissan Automotive’s Partnership with Auto Gravity to Favor Growth

In 2018, Nissan Motors announced that it has partnered with Auto Gravity, a financing company. The company announced that it aims at

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New building projects down in Grand Rapids as developers grapple with coronavirus pandemic

GRAND RAPIDS, MI — Last year, as construction cranes dotted the skyline and workers hammered away on new projects, Grand Rapids marked a new milestone: an estimated $560 million committed to new construction citywide.

That total, included in nearly 3,000 building permits filed in 2019, seems unlikely to be replicated this year. Amid the coronavirus pandemic, the number building permits filed with the city between January and August is down 18 percent when compared with the same time last year, city data show.

The value of the projects outlined in those permits is also down.

Permits filed between January and August of 2019 were valued at $390 million, compared with $199 million during the same time this year.

The coronavirus pandemic and the ensuing economic restrictions and fallout have greatly hampered the development industry.

“We’re having a more difficult year, but it’s not the kind of year that’s unheard of,”

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Which U.S. States Have Received The Most Federal Coronavirus Funding Since The Pandemic Erupted? [Infographic]

In the first weeks after the coronavirus pandemic erupted in the United States, it caused economic devastation of historic proportions with the unemployment rate skyrocketing to nearly 15%, a fifth of households becoming food insecure while tens of millions of tenants were suddenly threatened with eviction. Faced with a level of economic carnage not seen since the Great Depression, policymakers scrambled to enact several bills to support local governments, businesses and individuals across the country. The effort has resulted in some success with unemployment dropping back down to 8.4% in early September while the CDC moved to protect tenants by introducing a moratorium on eviction. According to a new analysis by the Peterson Foundation, some $1.7 trillion had been dispersed as loans or other federal programs as of September 14th.

The data provides an interesting overview of the amount of funding distributed to different states in the form of 13

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Restaurant owners turn to food trucks during the pandemic

Many in the restaurant industry are now turning to food trucks to help their business survive, and Wake Technical Community College is seeing a higher demand for classes that prepare students to take that leap.

Amrit Narula said he learned his lesson the hard way after opening his Mr. Cheesesteak restaurant during the pandemic on Miami Boulevard in Durham.

“Yeah, we actually opened in the middle of COVID,” said Narula, adding that many customers are more reluctant to come inside a traditional restaurant for fear of coronavirus exposure in a closed space.

“Commonly, we’ll have only two or three of these tables filled,” said Narula, referring to his normal lunch rush.

Fortunately, before opening the restaurant, Narula had the wisdom to invest in and operate two food trucks. The food trucks are what has helped him stay in business.

According to business consultant Ted Bachman, who offers lessons

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Pandemic hits financial services firms unequally

There were other factors. Profitability for insurers depends primarily on the number of claims for current policies and on the value of the assets that back up insurance liabilities — and stock markets rose in the quarter. Strong equities also benefited investment-­management firms, and brokerages experienced increased corporate debt issuance as companies raised money to survive the pandemic.

IE’s survey covers the results for all publicly traded financial services firms for fiscal quarters ending between May 31 and July 31. That’s the second quarter for most companies, but the third quarter for the banks.

Of the 41 companies in IE’s survey, Brookfield Asset Management Inc. (BAM) has the most direct exposure to the pandemic’s economic impact. The firm operates in a variety of sectors, including infrastructure, real estate and power generation. About 75% of its businesses are backed by contractual cash flows, but the remaining 25% — which

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Ulta Beauty Returns to TV Advertising After a Pandemic Pause

The beauty category is famously resilient during a recession, as consumers splurge on little luxuries. In the recession of 2009, global sales of lipstick grew 1% despite a broader pullback in consumer spending.

But the new recession sparked by the pandemic is different, not least because countermeasures against the coronavirus encourage consumers to stay home and to cover their faces when they do go out.

Cosmetics chain

Ulta Beauty Inc.

has shifted tactics in response, but it hasn’t been easy going so far. It temporarily shuttered its 1,264 stores March 19. And though more than 90% of its stores had reopened their doors to in-store shopping by late July, 19 will permanently shutter this year, the company said. It plans to open 30 new stores this year, about half as many as previously planned.

During the three months ended Aug. 1, Ulta’s net sales, which strip out coupons and expected

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BBVA USA goes animated in new videos aimed to uplift small business owners amid pandemic

– Videos: One video runs approximately 60 seconds in length, while a shorter, condensed version has a 15-second runtime.

– Content: Both videos conclude with the following line: “BBVA is your bank for moving forward again.”

– Campaign: The videos come on the heels of the bank’s “Your Bank for…” ad campaign launched in August

HOUSTON, Sept. 17, 2020 /PRNewswire/ — Building on its current “Your Bank for…” marketing campaign, BBVA has produced two new animated videos in response to the pandemic-related challenges small businesses are currently facing.

BBVA’s new logo (PRNewsfoto/BBVA)

The two videos were produced for social media promotion and were designed to show how closely connected small businesses are to their local communities. By helping small businesses through their pandemic recovery efforts, the bank is also helping communities move forward with positive expectations through the recovery.

One video runs approximately 60 seconds in length

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How the pandemic opened Funlab’s eyes to a multimillion-dollar business opportunity

a desk with a laptop computer sitting on top of a table: zoom

© Provided by Smart Company

When the COVID-19 pandemic hit, hospitality and events business Funlab faced a difficult dilemma.

What was a company that had built its brand on Strike Bowling Bars, Holey Moley mini golf and escape rooms going to do when the very idea of in-person activities had been ruled out?

After all, there’s no such thing as home-delivered bowling or mini golf, and until 2020, escape rooms required, well… a room.

Not anymore.

In these COVIDSafe times, escape rooms have given way to ‘escape zooms’ — a virtual version of the popular team-building activity that Funlab believes could become a multimillion-dollar business over the next few years, all within the conference call wave generated by the pandemic.

It all started back in March, when Funlab was forced to close its venues across the country, leaving some 1,600 staff members sitting on their hands, chief operating officer

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E-finance key to helping Filipinos cope with COVID-19 pandemic

QUEZON CITY,  Sept. 20 — With the community quarantine still in effect in the country since March due to the COVID-19 pandemic, digital services and platforms became the primary means of transaction among Filipinos. Digital payments, for one, have become a necessity.

In her presentation during the 18th Development Policy Research Month (DPRM) virtual kickoff forum held recently, Bangko Sentral ng Pilipinas (BSP) Assistant Governor Iluminada Sicat said that the BSP noted a marked increase in electronic fund transfers vis-à-vis automated teller machine (ATM) withdrawals and check transactions during the community quarantine from March to May. Without a vaccine for COVID-19, she added that this increasing trend in digital transactions is expected to continue “even as lockdown measures are eased”.

Sicat also mentioned that the government’s initiatives to digitize payments for social benefits, wages, and transportation would further boost digital payment platforms. Further, she said the creation of a national

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In-App Advertising Market 2021-2024 Strategic Assessment By Top Key Players | Impact of COVID-19 Pandemic

The MarketWatch News Department was not involved in the creation of this content.

Sep 04, 2020 (AmericaNewsHour) —
Global In-App Advertising Market Research Report: by Platform (Android, iOS, others), Ad-Format (Video ad-format, non-video ad-format), Application Type (Online shopping & fashion, gaming, entertainment & social media, news & sports and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast to 2024

The Global In-App Advertising Market is expected to expand at 28.2% CAGR during the forecast period. In 2018, North America dominated the global in-app advertising market. However, Asia-Pacific is expected to be the fastest growing region during the forecast period of 2019-2024.

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In-app advertising is a monetization strategy used by mobile publishers that enable the app developers to earn by integrating the ads within their mobile-based applications. In-app advertising is an efficient and common channel among agencies and

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