car sales

Carvana Adds New Features for Buying and Selling EVs
Carvana Adds New Features for Buying and Selling EVs
July 10, 2024  |  eCommerce

Online car marketplace Carvana has introduced new features for buying and selling electric vehicles (EVs). The company says its new streamlined process highlights vehicles qualifying...

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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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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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Carvana Expects New Car Production to Boost Used Car Sales
Carvana Expects New Car Production to Boost Used Car Sales
May 14, 2024  |  Transportation

Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and...

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Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
April 05, 2024  |  eCommerce

Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all”...

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Earnings Season Shows Some Momentum for Online Car Platforms
Earnings Season Shows Some Momentum for Online Car Platforms
March 14, 2024  |  Retail

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run...

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Cazoo Switches Focus to Become ‘Pure Play’ Automotive Marketplace
Cazoo Switches Focus to Become ‘Pure Play’ Automotive Marketplace
March 06, 2024  |  Transportation

Cazoo’s days of selling used cars are coming to an end. The U.K. company plans to transition into a “pure play” automotive marketplace, Cazoo said in...

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Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
March 01, 2024  |  Earnings

Volkswagen Group expects its sales revenue growth to slow in 2024. The automaker said in a Friday (March 1) press release that it expects sales...

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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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