car sales

Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
April 27, 2023  |  Earnings

British online auto marketplace Cazoo said an intense focus on improving unit economics as well as restructuring activities which saw it ditch its other European...

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With Used Car Sales Down 21% in Q1, AutoNation Focuses on After-Sale Services
With Used Car Sales Down 21% in Q1, AutoNation Focuses on After-Sale Services
April 20, 2023  |  Economy

Bolstering its service offerings at a time when inventories of new and used vehicles are tight, AutoNation is focusing more on aftermarket tune-ups and tightening...

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Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
February 15, 2023  |  Retail

Sonic Automotive said last year’s investment in omnichannel used car stores has paid off. The auto retailer’s latest earnings report showed that its EchoPark preowned...

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Luxury Auto Sales Hit Record Despite High Rates and Prices
Luxury Auto Sales Hit Record Despite High Rates and Prices
February 13, 2023  |  Retail

Luxury brands are thriving in the automotive world as they are in other retail categories. Automotive luxury brands accounted for a record 19.6% share of...

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O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
February 09, 2023  |  Retail

O’Reilly Automotive continues to enjoy increased sales — and hopes to expand — amid a car-buying downturn. The auto parts retailer announced in an earnings...

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The Future of Online Car Buying Is Omnichannel — With a 2-Week Test Drive
The Future of Online Car Buying Is Omnichannel — With a 2-Week Test Drive
February 06, 2023  |  Connected Economy

Of its many disruptions, the pandemic has driven car pricing and buying off a cliff, making room for innovators to create a digital shift. While...

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Group 1 Shows Car Sales up but Margins Down as Inventory Recovers
Group 1 Shows Car Sales up but Margins Down as Inventory Recovers
January 25, 2023  |  Retail

Group 1 Automotive’s latest earnings results show consumers are still buying new and used cars but are getting better deals. The automotive retailer with 204...

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J.D. Power Debuts Ordering Tool to Reduce Online Car-Buying Friction
J.D. Power Debuts Ordering Tool to Reduce Online Car-Buying Friction
January 24, 2023  |  eCommerce

J.D. Power has unveiled an ordering tool to prevent cart abandonment during car shopping. The consumer insights and analytics firm said in a news release Tuesday (Jan. 24)...

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Impel Raises $104M to Help Car Dealers Improve Digital Engagement
Impel Raises $104M to Help Car Dealers Improve Digital Engagement
January 19, 2023  |  Connected Economy

Impel has raised $104 million to grow its digital engagement software for automotive manufacturers, dealers and third-party marketplaces. The company will use the new capital to...

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