car sales

CarMax Earnings Point to Shaky Used Car Market
CarMax Earnings Point to Shaky Used Car Market
September 30, 2022  |  Economy

CarMax’s recent results signal some trouble spots that extend far beyond the used car industry and hint at some of the fires that may flare...

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CarMax Faced With Growing Consumer Demand for Cheaper Cars
CarMax Faced With Growing Consumer Demand for Cheaper Cars
September 29, 2022  |  Retail

Difficult economic conditions are leading car shoppers to look for less-expensive used vehicles, CarMax President and CEO Bill Nash said Thursday (Sept. 29) during the...

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Lease End CEO Says End of Auto Lease Doesn’t Mean End of Road for Drivers
Lease End CEO Says End of Auto Lease Doesn’t Mean End of Road for Drivers
August 22, 2022  |  Transportation

Few assets are as volatile as automobiles — they depreciate the minute you drive them off the lot. But then again, supply chain snarls have...

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In Tight EV Market, Startup Offers Vehicle Subscriptions
In Tight EV Market, Startup Offers Vehicle Subscriptions
August 14, 2022  |  Subscription Commerce

As electric vehicles (EVs) become a more popular option, Autonomy, a California startup focused on EVs, is adding services to let people access the vehicles...

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EMEA Daily: Half a Million People Take Advantage of Mortgage Holiday in First Two Days of Initiative; Tabby Picks up $150M Loan From PFG and Atalaya
EMEA Daily: Half a Million People Take Advantage of Mortgage Holiday in First Two Days...
August 03, 2022  |  emea

In today’s top news from Europe, the Middle East and Africa (EMEA), half a million Polish mortgage holders took advantage of a new government scheme...

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Green Payments Intros PCI-Compliant Processes for Car Dealers
Green Payments Intros PCI-Compliant Processes for Car Dealers
August 02, 2022  |  POS Innovation

Credit card and point of sale (POS) processor Green Payments is launching its new Dealer Genie program, which is intended to offer automotive dealer merchants...

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Automotive Retail Needs to Think More Like Uber and Open Table to Sell Cars Online
Automotive Retail Needs to Think More Like Uber and Open Table to Sell Cars Online
July 25, 2022  |  Technology

Globally, only 2% of car sales take place online. That meager figure, according to Tarek Kabrit, co-founder and CEO of Dubai-based online auto marketplace Seez,...

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Peer-to-Peer Payments Tech Levels Playing Field for Private-Party Car Sales
Peer-to-Peer Payments Tech Levels Playing Field for Private-Party Car Sales
July 07, 2022  |  Payment Methods

Buying or selling a vehicle is the second-largest transaction most consumers will undertake — second only to a house — yet the process has many...

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New Car Payments Exceed $1,000 for 12% of Buyers Amid Supply Chain Snarls
New Car Payments Exceed $1,000 for 12% of Buyers Amid Supply Chain Snarls
July 05, 2022  |  Economy

The average monthly payment for new luxury cars is up, with more than 12% of consumers financing a car with over $1,000 in monthly payments...

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