car sales

Projection Forecasts Stable New Vehicle Retail Sales For November
Projection Forecasts Stable New Vehicle Retail Sales For November
November 25, 2020  |  Retail

A joint outlook from J.D. Power and LMC Automotive forecasts that new vehicle retail sales for November 2020 will drop slightly from the same month...

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Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
November 13, 2020  |  Retail

Given that 90 percent of new car purchases and half of used car purchases are financed, it’s no surprise that the lifestyle changes and digital...

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Car Buyers and Sellers Prefer To ‘Click The Tires’ In The COVID Era
Car Buyers and Sellers Prefer To ‘Click The Tires’ In The COVID Era
October 19, 2020  |  eCommerce

COVID-19’s economic impacts continue to roil the auto industry, but rather than hurt sales, the pandemic is just increasingly moving them to digital channels. The age-old process...

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Real-World Experiences From Tourism To Gambling Are Going Digital
Real-World Experiences From Tourism To Gambling Are Going Digital
October 02, 2020  |  Innovation

With U.S. airline-passenger miles down some 70 percent as COVID-19 has consumers afraid to fly, Amazon and other eCommerce players are trying to get Americans...

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Pandemic Revs Up Digital Car Sales For Online Platforms
Pandemic Revs Up Digital Car Sales For Online Platforms
October 01, 2020  |  eCommerce

Amid the accelerating shift to digital sales during COVID-19 restrictions, U.K. car sales platform Cazoo has notched $310 million in funding, Bloomberg reported. With a...

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CarMax Shifts Into Digital Overdrive
CarMax Shifts Into Digital Overdrive
September 28, 2020  |  Retail

Online car-buying continues its momentum as CarMax, which bills itself as the largest retailer of used cars, has announced the completion of its digital rollout,...

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Edmunds Predicts Comeback For New Auto Sales In Q3
Edmunds Predicts Comeback For New Auto Sales In Q3
September 25, 2020  |  Retail

Even with challenges brought by the COVID-19 health crisis, Edmunds analysts indicate that Q3 marks a “positive turning point” for the automotive space. They anticipate...

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Canoo Aims To Reinvent Electric Vehicles And Subscriptions
Canoo Aims To Reinvent Electric Vehicles And Subscriptions
September 08, 2020  |  Subscriptions

A COVID slump slowed the roll of major automakers and dealers this past spring, with the pandemic causing a 30 percent drop in auto sales...

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11.3 Pct Hike In Auto Sales Drives Durable Goods Growth In July
11.3 Pct Hike In Auto Sales Drives Durable Goods Growth In July
August 26, 2020  |  Economy

Americans made virtual trips to car showrooms in July as new orders for manufactured durable goods, products lasting three years or more, increased by 11.2...

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