car sales

Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
February 28, 2024  |  eCommerce

For online car platforms, the road to profitability has been volatile and oftentimes elusive. “Inventory’s been lumpy, aging and — in the age of (still)...

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Report: UK Car Loan Probe Could Hurt Banks
Report: UK Car Loan Probe Could Hurt Banks
February 25, 2024  |  Consumer Finance

England’s financial watchdog is taking a long look at the way lenders financed car loans. And that investigation could have broader implications for the country’s...

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Saks Gets into EV Sales in Bid to Drive Digital Engagement
Saks Gets into EV Sales in Bid to Drive Digital Engagement
February 06, 2024  |  Retail

As brick-and-mortar retailers look for new ways to remain relevant amid commerce’s digital transformation, Saks Fifth Avenue is turning its focus to automotive sales in...

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Mitsubishi Launches Digital Retail Program as Auto Manufacturers Tap Omnichannel Tech
Mitsubishi Launches Digital Retail Program as Auto Manufacturers Tap Omnichannel Tech
February 05, 2024  |  Retail

As the process of making large-ticket purchases becomes increasingly digital across industries, Mitsubishi Motors has announced a new digital retail program. Mitsubishi Motors North America,...

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Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
February 02, 2024  |  Business

Online used car firm Carvana has reportedly turned around its operations and debt over the past 18 months, lifting its stock price from $5 to...

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Carmakers Could Face Bumpy Road in 2024 Following Sales Rebound
Carmakers Could Face Bumpy Road in 2024 Following Sales Rebound
January 03, 2024  |  Economy

Automakers enjoyed a resurgence in sales in 2023, but 2024 might be a different story. With major car companies due to report year-end sales figures...

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New Car Sales Expected to Reach Highest Level Since 2019 
New Car Sales Expected to Reach Highest Level Since 2019 
December 21, 2023  |  Transportation

The automotive industry in the United States is reportedly set to experience a slight increase in new car sales in 2024.  Industry analysts’ projections indicate...

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Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
December 10, 2023  |  Retail

At auto dealerships around the country, electric cars have reportedly become a hard sell. Consumers are worried about the price, range and reliability of these vehicles,...

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Amazon Puts Alexa in the Driver’s Seat, Walmart Revs Up Package Delivery
Amazon Puts Alexa in the Driver’s Seat, Walmart Revs Up Package Delivery
November 24, 2023  |  Retail

Amazon and Walmart are revving up their engines with initiatives set to hit consumers by the year’s end or the start of 2024. The projects...

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