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...
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...
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...
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...
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,...
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...
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,...
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...
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...