automotive

CarGurus Slammed By Falling Used Car Demand and Prices
CarGurus Slammed By Falling Used Car Demand and Prices
November 08, 2022  |  Earnings

Drops in both demand and unit prices in the used car market contributed to unexpected weakness in CarGurus’ latest results, executives said Tuesday (Nov. 8)...

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Used Vehicle Platform Vroom Targets Profitability Over Growth
Used Vehicle Platform Vroom Targets Profitability Over Growth
November 08, 2022  |  eCommerce

Used vehicle eCommerce platform Vroom is making progress on its goal of achieving profitability and liquidity ahead of growth, company executives said Tuesday (Nov. 8)...

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Online Car Platforms’ Skid Proves Digital Shifts Are No Sure Bet
Online Car Platforms’ Skid Proves Digital Shifts Are No Sure Bet
November 08, 2022  |  eCommerce

The rubber meets the road for the online car platforms. Amid Carvana’s disastrous stock plunge and disappointing earnings — and Vroom’s numbers from Tuesday (Nov....

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Google Deepens Connected Car Partnership with Renault
Google Deepens Connected Car Partnership with Renault
November 08, 2022  |  Google

Google and Renault are expanding on their partnership, allowing the automaker to offer over-the-air software updates to its vehicles amid a boom in the connected...

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Connected Car Fleets Become New B2B and B2C Revenue Drivers
Connected Car Fleets Become New B2B and B2C Revenue Drivers
October 31, 2022  |  B2B Payments

As the number of connected vehicles on the road continues to grow, developers are producing tools that serve a variety of use cases for consumers,...

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New Car Prices Downshift After Summer Record
New Car Prices Downshift After Summer Record
October 31, 2022  |  Economy

Car buyers could begin to feel less pain when paying for a new vehicle following a years-long spike in the price of new automobiles. That’s...

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UK Car Retailer Cazoo Ditches EU Market to Ease Path to Profitability
UK Car Retailer Cazoo Ditches EU Market to Ease Path to Profitability
October 27, 2022  |  Earnings

Following last month’s announcement that it is pulling out of the mainland European market to focus its attentions on the United Kingdom, British online auto...

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AutoNation Reports New Vehicle Sales at ‘Recessionary Levels’
AutoNation Reports New Vehicle Sales at ‘Recessionary Levels’
October 27, 2022  |  Retail

Retail sales of both new and used vehicles remain below historical levels due to inventory constraints, executives of automotive retailer AutoNation reported Thursday (Oct. 27)...

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Small Truckers, Truck Stops Pool Buying Clout to Take on Industry Giants
Small Truckers, Truck Stops Pool Buying Clout to Take on Industry Giants
October 24, 2022  |  Commerce Connected

Smaller players in both the trucking industry and the truck stop industry are challenged to match the efficiencies of their larger competitors. Trucking companies with...

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