Some would-be car buyers are putting off purchases due to higher interest rates, according to used auto retailer CarMax. They are “staying on the sidelines”...
The pandemic-era supply chain issues that hit the car industry may have abated. But that doesn’t mean things are back to normal, and — as...
Times are tough for the American car buyer, whether they’re seeking new or used vehicles. New cars less than $20,000 are all but extinct, while...
Online car-buying platform Vroom said its inventory troubles should turn a corner later this year. As PYMNTS reported earlier this year, Vroom and other companies in the...
Interest rates and inflation are apparently no match for the consumer’s desire for a new car. New vehicle sales in the U.S. rose an estimated...
The used vehicle market might be seeing improvement, but affordability remains elusive. CarMax posted first-quarter earnings results for fiscal year 2024 Friday (June 23) that showed a slowing...
One day’s surge on Wall Street may be a blip, or it may be an omen. Shares of Carvana rocketed up more than 16% Tuesday (May 30)....
The Bureau of Labor Statistics (BLS) published a little-noticed piece last month analyzing the part auto dealers’ markups played in new car price tag inflation during...
Used car prices dropped in April, marking the first month-over-month decline seen this year. The wholesale used vehicle prices declined 3% in April compared to...