PYMNTS-MonitorEdge-May-2024

auto sales

Online Car Platforms Busy Retooling in the Connected Economy as Growth Slows
Online Car Platforms Busy Retooling in the Connected Economy as Growth Slows
August 15, 2022  |  Commerce Connected

The stocks of online car companies have been volatile, to say the least. Double-digit swings (up and down) have been the norm over the past...

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Ford Wants To Sell More Custom Cars
Ford Wants To Sell More Custom Cars
August 17, 2021  |  Commerce

Ford wants more buyers to design their cars online and wait to pick them up as the company builds them rather than have buyers stroll...

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Volkswagen Pushes India For Lower EV Import Tax
Volkswagen Pushes India For Lower EV Import Tax
August 10, 2021  |  Taxes

Volkswagen has joined Tesla in urging Indian officials to lower the import taxes they impose on electric cars, a move that the firm says is...

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Vroom Earnings Report: Turbocharged by Connected Economy?
Vroom Earnings Report: Turbocharged by Connected Economy?
May 11, 2021  |  Earnings

Online, increasingly, is where the rubber meets the road. Vroom will report earnings on Wednesday (May 12) and likely will show that the connected economy...

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Connected Economy 2021: Using Data To Accelerate Automotive’s Connected Future
Connected Economy 2021: Using Data To Accelerate Automotive’s Connected Future
April 29, 2021  |  Retail

Americans have always had a love affair with the car, which was first coined in 1961 as part of a television series designed to intensify that passion....

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Vroom: Consumer Demand For Used Cars Eclipses Pre-COVID Levels
Vroom: Consumer Demand For Used Cars Eclipses Pre-COVID Levels
March 03, 2021  |  Earnings

Vroom reported fourth-quarter results that showed increased use of online channels to buy used cars. In terms of headline numbers, Vroom said that revenues came...

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Fewer Cars, Bigger Profits: Auto Makers Look to Stay Lean Post-Pandemic
Fewer Cars, Bigger Profits: Auto Makers Look to Stay Lean Post-Pandemic
November 23, 2020  |  Retail

In yet another pandemic-related shift to normal life, the way people buy cars is changing in America, according to The Wall Street Journal. Due to...

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Global Car Makers Skid Deep Into Red In Second Quarter
Global Car Makers Skid Deep Into Red In Second Quarter
July 30, 2020  |  Earnings

The worldwide COVID-19 economic crash has sent major automakers’ revenues and profits plunging over a cliff. Nonetheless, some see signs of an impending recovery. For...

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Jaguar Land Rover Moves Forward With Subscription Program
Jaguar Land Rover Moves Forward With Subscription Program
July 07, 2020  |  Subscription Commerce

Jaguar Land Rover is dipping its paw into the subscription automobile leasing pool, just as peer Mercedes is climbing out after a trial run, Autoweek...

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