automotive

US Car Sales Hit Lowest Level in 10+ Years
US Car Sales Hit Lowest Level in 10+ Years
January 04, 2023  |  Economy

When carmakers release their 2022 sales figures this week, they’re unlikely to bring good news. Across the industry, American auto sales are projected to be...

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Credit Unions Grab Auto Loan Market Share in Q3
Credit Unions Grab Auto Loan Market Share in Q3
December 27, 2022  |  Credit Unions

With lending rates climbing, credit unions are continuing to offer more affordable auto loans. As The Wall Street Journal reported Tuesday (Dec. 27), credit unions...

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CarMax Stock Skids in Q3 as Used Car Sales Sputter
CarMax Stock Skids in Q3 as Used Car Sales Sputter
December 22, 2022  |  Retail

An 86% drop in profits and 22% slump in used car sales saw CarMax stock slump sharply in early trading. This, as the nation’s largest...

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Automakers: Car Chip Shortage Will Slow Adoption of EVs, Connected Cars
Automakers: Car Chip Shortage Will Slow Adoption of EVs, Connected Cars
December 20, 2022  |  Connected Economy

The car chip shortage that has bedeviled the auto industry this year isn’t going away. That’s according to a Tuesday (Dec. 20) report by the...

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Online Car-Buying Firm Cazoo Sells Spanish Business
Online Car-Buying Firm Cazoo Sells Spanish Business
December 15, 2022  |  eCommerce

Online car-buying platform Cazoo has sold its Spanish subscription business. In a Thursday (Dec. 15) press release, the U.K.-based online auto seller announced that it has...

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Car Dealers Pessimistic as Consumers Cut Big-Ticket Spending
Car Dealers Pessimistic as Consumers Cut Big-Ticket Spending
December 08, 2022  |  Economy

Car dealers are closing 2022 in a gloomy mood as U.S. consumers shun big-ticket purchases. A new survey by Cox Automotive Dealers finds that U.S....

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EU Considers Mandatory Card Payment Terminals at EV Charging Points
EU Considers Mandatory Card Payment Terminals at EV Charging Points
December 07, 2022  |  Transportation

The European Parliament is considering making card payment terminals obligatory at all EV charging points. In fact, as electric vehicles (EVs) grow in popularity across...

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AutoZone Adds Tech and Stores to Meet Auto Parts Demand
AutoZone Adds Tech and Stores to Meet Auto Parts Demand
December 06, 2022  |  Retail

AutoZone is growing its sales to both professional repair shops and do-it-yourselfers. The auto parts chain said in a Tuesday (Dec. 6) press release that...

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EMEA Platforms Bring BNPL to Auto Repair Financing
EMEA Platforms Bring BNPL to Auto Repair Financing
December 06, 2022  |  BNPL

To help keep vehicles rolling, BNPL firms offering auto repair financing are on the rise. As proof that the concept has wheels, U.K.-based buy now,...

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