automotive

EV Sales Tick Up as Payment Challenges Define the Road Ahead
EV Sales Tick Up as Payment Challenges Define the Road Ahead
July 05, 2024  |  Transportation

As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the...

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CDK Expects to Have Hacked Systems Restored by July 4
CDK Expects to Have Hacked Systems Restored by July 4
July 01, 2024  |  Security & Fraud

CDK Global is reportedly restoring its systems that were hacked and expects to have all the car dealerships using its platform live by the morning...

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Synchrony: Personalized Financing Strategy Boosts Big-Ticket Commerce
Synchrony: Personalized Financing Strategy Boosts Big-Ticket Commerce
July 01, 2024  |  Retail

Macroeconomic uncertainty over inflation and interest rates is affecting big-ticket items and leading to shifts among consumers. More homeowners — who have opted not to...

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Online Auto Industry Stalls as Consumers Drive New Digital-First Experiences
Online Auto Industry Stalls as Consumers Drive New Digital-First Experiences
June 28, 2024  |  Retail

With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. For instance, Bloomberg reported this...

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Uber Invites Consumers to Give up Car, Try Alternative Transportation
Uber Invites Consumers to Give up Car, Try Alternative Transportation
June 27, 2024  |  Ridesharing

Uber is inviting consumers to give up their personal car for five weeks and adopt a “car-light lifestyle.” The ride-hailing company will select up to...

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CarMax: Click-and-Mortar™ Vehicle Buying Is on the Rise
CarMax: Click-and-Mortar™ Vehicle Buying Is on the Rise
June 21, 2024  |  Earnings

The majority of consumers now seek out both digital and physical channels in their car buying journey, according to CarMax, and this omnichannel adoption continues...

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Cyberattack on Software Provider Stalls Out US Car Dealership Sector
Cyberattack on Software Provider Stalls Out US Car Dealership Sector
June 21, 2024  |  Cybersecurity

Software, and digital transformation more broadly, have transformed the business landscape. Nearly every modern business relies on software to run their operations, and digital technology...

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Stellantis Continues Global Rollout of Connected Car Features
Stellantis Continues Global Rollout of Connected Car Features
June 13, 2024  |  Technology

Stellantis is rolling out several software products and connected features for its vehicles around the world. The automaker, whose 14 brands include Chrysler, Fiat and...

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Gen Z Wants to Buy Cars Most — but Buys Them Least
Gen Z Wants to Buy Cars Most — but Buys Them Least
June 11, 2024  |  Retail

Young consumers are the likeliest to be saving up to buy a car, but that rarely translates to them being able to afford a new...

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