automotive

AutoNation Expansion of Services, Finance, Transportation Drive Record Q4
AutoNation Expansion of Services, Finance, Transportation Drive Record Q4
February 17, 2023  |  Earnings

AutoNation’s growing portfolio of services is driving record results. The automotive retailer said in a Friday (Feb. 17) earnings release that it earned record revenue...

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Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
February 15, 2023  |  Retail

Sonic Automotive said last year’s investment in omnichannel used car stores has paid off. The auto retailer’s latest earnings report showed that its EchoPark preowned...

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Luxury Auto Sales Hit Record Despite High Rates and Prices
Luxury Auto Sales Hit Record Despite High Rates and Prices
February 13, 2023  |  Retail

Luxury brands are thriving in the automotive world as they are in other retail categories. Automotive luxury brands accounted for a record 19.6% share of...

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Augmented Reality Helps German Automakers Drive Future of Connected Vehicles
Augmented Reality Helps German Automakers Drive Future of Connected Vehicles
February 09, 2023  |  Connected Economy

The latest concept cars from BMW and Audi look to the future of in-car displays. Concept cars have long been a way for vehicle makers...

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Open Lending Looks to Meet Demand for Older Cars
Open Lending Looks to Meet Demand for Older Cars
February 09, 2023  |  Loans

Open Lending is expanding its car financing program to meet a demand for older vehicles. The Austin-based lending platform, which facilitates car loans, announced Thursday...

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O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
February 09, 2023  |  Retail

O’Reilly Automotive continues to enjoy increased sales — and hopes to expand — amid a car-buying downturn. The auto parts retailer announced in an earnings...

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Valvoline Looks to Double Retail Locations as Vehicle Maintenance Surges
Valvoline Looks to Double Retail Locations as Vehicle Maintenance Surges
February 07, 2023  |  Retail

Valvoline is seeing strong demand for quick and convenient oil changes and other automotive services. The preventative vehicle maintenance provider saw its system-wide same-store sales...

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The Future of Online Car Buying Is Omnichannel — With a 2-Week Test Drive
The Future of Online Car Buying Is Omnichannel — With a 2-Week Test Drive
February 06, 2023  |  Connected Economy

Of its many disruptions, the pandemic has driven car pricing and buying off a cliff, making room for innovators to create a digital shift. While...

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How the Switch to EVs Is Changing Driving and Payments
How the Switch to EVs Is Changing Driving and Payments
February 02, 2023  |  Payments Innovation

As the era of the combustion engine winds down, its payment logic appears increasingly outdated. In its place, electrification is ushering in alternative models for...

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