Automotive finance company and digital services platform Vroom filed for Chapter 11 bankruptcy Wednesday (Nov. 13), saying in a filing with the Securities and Exchange Commission (SEC) that it...
Offering car dealers and shoppers value beyond the leads it has traditionally delivered is paying off for digital auto platform CarGurus. The company’s fastest-growing product...
In the auto parts and retail industry, companies face unique challenges and opportunities as they respond to changing consumer preferences and economic pressures. Recent third-quarter...
For automakers, pre-pandemic sales highs might be in the rearview mirror. As The Wall Street Journal (WSJ) reported Tuesday (Oct. 1), the steep price of new vehicles...
As CarMax adapts to a shifting automotive landscape, the company is focused on improving the customer experience to maintain its leadership as the nation’s largest...
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and...
Santander Consumer is expanding its small business offering to all auto dealers using its platform. The program lets small business owners and entrepreneurs finance vehicles...
The automotive industry is facing an obstacle in switching to electric vehicles: traditional cars. As The Wall Street Journal (WSJ) reported Sunday (July 28), pressures...
Tesla’s dominance of the American electric car market has faded, even as vehicle sales surge. The company’s share of the electric vehicle (EV) market fell...