online car sales

FTC Says Vroom Agrees to $1 Million Settlement
FTC Says Vroom Agrees to $1 Million Settlement
July 02, 2024  |  Legal

Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million...

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Carvana Lowers Costs, Boosts Customer Satisfaction With Technology
Carvana Lowers Costs, Boosts Customer Satisfaction With Technology
February 22, 2024  |  Retail

Technological solutions are driving cost reductions and higher customer satisfaction at Carvana. The used car retailer has seen results from its latest innovations and is continuing...

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Carvana Reports Expense Reduction and Efficiency Improvement in Uncertain Environment
Carvana Reports Expense Reduction and Efficiency Improvement in Uncertain Environment
November 02, 2023  |  Earnings

Carvana made progress in reducing expenses and improving efficiency during the third quarter, leading to record third-quarter levels of adjusted EBITDA and gross profit per unit...

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Carvana Brings Same-Day Delivery to North Carolina 
Carvana Brings Same-Day Delivery to North Carolina 
August 30, 2023  |  Retail

For the third time this month, Carvana is expanding its same-day delivery program. The online car seller announced in a news release Thursday (Aug. 30) that it would begin...

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Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes Plummet
Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes Plummet
May 10, 2023  |  eCommerce

For the online car platforms, the path towards profitability is a bumpy one … … and the macro pressures are hardly in the rearview mirror....

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CarGurus, Vroom Show Connected Car’s Journey Starts at Point of Sale
CarGurus, Vroom Show Connected Car’s Journey Starts at Point of Sale
March 01, 2023  |  Earnings

There are plenty of bumps in the road for auto sales. Inventory is improving but is still constrained, and inflation continues to keep car prices...

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Pure-Play Auto Retailers Leverage Immersive VR Car-Buying Experiences to Attract Buyers
Pure-Play Auto Retailers Leverage Immersive VR Car-Buying Experiences to Attract Buyers
November 21, 2022  |  Merchant Innovation

Considering that the Egyptian pound has lost nearly a quarter of its value against the greenback since the beginning of 2022, while the country’s car...

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Cazoo ‘Laser-Focused on Profitability’ as Shares Surge Nearly 200% Post Upbeat Q2 Results
Cazoo ‘Laser-Focused on Profitability’ as Shares Surge Nearly 200% Post Upbeat Q2 Results
August 02, 2022  |  eCommerce

Investors’ tendency to slash the valuations of unprofitable businesses when the macroeconomic winds aren’t blowing their way is understandable. But for companies that are feeling...

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Carvana to Cut 2,500 Workers
Carvana to Cut 2,500 Workers
May 10, 2022  |  Personnel

Online car dealer Carvana will be laying off 12% of its workforce after closing a deal to expand operations, a report from The Wall Street...

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