auto sales

June Auto Sales Reporting Thrown off by CDK Cyberattack
June Auto Sales Reporting Thrown off by CDK Cyberattack
July 17, 2024  |  Cybersecurity

As automotive retailers bounce back from the cyberattack on leading tech provider CDK Global, their financial results are murky for the period impacted by the...

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Carvana Expects New Car Production to Boost Used Car Sales
Carvana Expects New Car Production to Boost Used Car Sales
May 14, 2024  |  Transportation

Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and...

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Auto1 Ups Its AI Focus as Car-Sale Profits Jump 23%
Auto1 Ups Its AI Focus as Car-Sale Profits Jump 23%
May 08, 2024  |  Earnings

European used car platform Auto1 is deepening its artificial intelligence (AI) focus amid record profits. The company on Wednesday (May 8) reported quarterly earnings showing...

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Negative Equity Among Car Owners Reaches Pre-COVID Rates
Negative Equity Among Car Owners Reaches Pre-COVID Rates
December 17, 2023  |  Consumer Finance

An increasing number of drivers reportedly owe more on their loans than their cars are worth. It’s a situation known as negative equity, and last...

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Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
December 10, 2023  |  Retail

At auto dealerships around the country, electric cars have reportedly become a hard sell. Consumers are worried about the price, range and reliability of these vehicles,...

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Carvana Brings Same-Day Delivery to North Carolina 
Carvana Brings Same-Day Delivery to North Carolina 
August 30, 2023  |  Retail

For the third time this month, Carvana is expanding its same-day delivery program. The online car seller announced in a news release Thursday (Aug. 30) that it would begin...

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Used Vehicles Projected to be 1.1% Cheaper by End of Year
Used Vehicles Projected to be 1.1% Cheaper by End of Year
July 10, 2023  |  Economy

The retail prices of used vehicles may soon be on the decline. After the largest decline in wholesale prices last month since the pandemic began,...

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BMW of North America Taps Stripe to Power Online Payments
BMW of North America Taps Stripe to Power Online Payments
January 27, 2023  |  Payment Methods

BMW of North America has selected Stripe as its primary payments infrastructure. The financial infrastructure platform will facilitate the automaker’s U.S. vehicle preorders and online purchases of extended...

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Carvana Runs Out of Gas
Carvana Runs Out of Gas
December 07, 2022  |  Earnings

Whatever happens, Carvana’s downward spiral shows there’s no easy path to forging the connected economy. Wednesday, the stock in the beleaguered online car firm plummeted...

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