car sales

Online Car Retailer Cazoo Rolls Into Italy
Online Car Retailer Cazoo Rolls Into Italy
June 22, 2022  |  Transportation

Cazoo, which calls itself “Europe’s leading online car retailer,” is adding Italy to the list of countries in which it operates. The company announced Wednesday...

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Automakers Deploy NFTs to Reach Younger, Tech-Savvy Consumers
Automakers Deploy NFTs to Reach Younger, Tech-Savvy Consumers
April 25, 2022  |  NFTs

When Hyundai wanted to highlight its mobility solutions to millennials and members of Generation Z — collectively dubbed “MZ Generation” — it did so by...

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Online Auto Platforms May Run out of Road Before Supply, Demand, Pricing Find Footing
Online Auto Platforms May Run out of Road Before Supply, Demand, Pricing Find Footing
April 22, 2022  |  Economy

For a while, the story surrounding the auto industry — particularly the online platforms — seemed simple. Lots of demand. Little supply. Skyrocketing prices, too,...

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Today in Data: A Glimpse Into Our Not-Too-Distant Future
Today in Data: A Glimpse Into Our Not-Too-Distant Future
April 18, 2022  |  Today In Data

Today in data, car prices are expected to remain high throughout 2022 as inventory levels are anticipated to be low because of supply chain hang-ups....

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Consumers Are Shopping Around Twice as Long Before Buying a Car
Consumers Are Shopping Around Twice as Long Before Buying a Car
April 05, 2022  |  Retail

Buying a vehicle took consumers twice as long in the second half of 2021 as it took them in the first half, according to internal...

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As Sales Slump, Sonic Automotive Ramps up Chain of Used Car Omnichannel Stores
As Sales Slump, Sonic Automotive Ramps up Chain of Used Car Omnichannel Stores
April 05, 2022  |  Retail

The auto industry is in a steady decline thanks to supply chain hang-ups, chip shortages and other factors, but that isn’t stopping Sonic Automotive from...

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New Vehicle Sales Declines Go Beyond Inventory, Chip Shortage
New Vehicle Sales Declines Go Beyond Inventory, Chip Shortage
April 04, 2022  |  Economy

The latest data from the car industry might point to some troubling signs for the U.S. consumer’s propensity to spend. Major automakers across the globe...

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Ryder Creates One-Stop Shop for Buying, Insuring Used Commercial Vehicles
Ryder Creates One-Stop Shop for Buying, Insuring Used Commercial Vehicles
March 09, 2022  |  Retail

Buyers of used commercial vehicles were often on their own when it came to finding insurance for the vehicle. At best, they could hope that...

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Automotive eCommerce Firm AutoFi Closes $85M in Financing to Accelerate Growth
Automotive eCommerce Firm AutoFi Closes $85M in Financing to Accelerate Growth
March 07, 2022  |  Investments

AutoFi, a San Francisco-based eCommerce platform for online car sales and financing, has closed $85 million in funding, valuing the company at nearly $700 million,...

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