car sales

UK Online Car Retailer Cazoo Projects $1B in Revenue by the End of 2021
UK Online Car Retailer Cazoo Projects $1B in Revenue by the End of 2021
September 28, 2021  |  Earnings

Cazoo Holdings, a U.K.-based online seller of used cars, announced strong performance for its first-half 2021 financial results on Tuesday (Sept. 28), registering a 521%...

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Volkswagen Seeks Collaborations With Carmakers on Software
Volkswagen Seeks Collaborations With Carmakers on Software
September 10, 2021  |  Partnerships / Acquisitions

Volkswagen (VW) expressed interest in partnering with other carmakers to share platforms and develop software, VW CEO Herbert Diess told the German news website Der...

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Porsche Extends Online Sales Tool To Include New Vehicle Inventory
Porsche Extends Online Sales Tool To Include New Vehicle Inventory
August 26, 2021  |  Retail

Gone are the days of trekking to the car dealership to pick out a Porsche sports car. The German auto manufacturer on Thursday (Aug. 26)...

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Heavy Traffic Is Good News For Auto Parts Retailers
Heavy Traffic Is Good News For Auto Parts Retailers
August 24, 2021  |  Retail

It’s hard to find a sector handling pandemic-era curves better than auto parts. In recent weeks and months, the nation’s top auto parts retailers continue...

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Canada Drives Says $100M Funding Will Drive Expansion
Canada Drives Says $100M Funding Will Drive Expansion
August 18, 2021  |  Investments

Canada’s largest online car shopping and delivery platform says it plans to expand with the help of $100 million in new funding. Canada Drives announced...

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Sonic Automotive Opens Las Vegas EchoPark Dealership
Sonic Automotive Opens Las Vegas EchoPark Dealership
August 17, 2021  |  Retail

Auto retailer Sonic Automotive, Inc. on Tuesday (Aug. 17) opened an EchoPark Automotive outpost in Las Vegas, continuing the expansion of the brand across the...

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Data Is The Oil For Revved-Up eCommerce Car Sales
Data Is The Oil For Revved-Up eCommerce Car Sales
August 12, 2021  |  Data

Data, they say, is the new oil. More specifically, data is the new oil that powers the engine behind eCommerce car sales. The recent spate of...

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Moove Nets $23M To Drive Higher Vehicle Ownership In Africa
Moove Nets $23M To Drive Higher Vehicle Ownership In Africa
August 09, 2021  |  Investments

Moove, an African FinTech company, on Monday (Aug. 9) announced that it has obtained $23 million in Series A funding to provide revenue-based vehicle financing...

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CarGurus Launches Tool To Bring Dealers, Buyers Together
CarGurus Launches Tool To Bring Dealers, Buyers Together
July 30, 2021  |  Retail

Car dealers need used vehicles. Car buyers want to sell, but they’re not crazy about walking into a dealership. Enter CarGurus, which debuted a service...

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