Digital Approaches To eCommerce And Banking

AutoNation delivered blockbuster profits as car prices and digital sales have soared. In eCommerce, TryNow is letting people try on their purchases at home to decide if they want to buy them prior to being charged. And in digital-first banking, consumers are using digital banking apps more than they did pre-pandemic. All this, Today in Data.

Data:

315: Number of AutoNation-owned and -operated locations from coast to coast as of March 31, 2021.

50%: Share of consumers who have used digital banking apps more than they did before the pandemic.

$12M: Amount that TryNow recently raised in Series A funding.

$5.9B: AutoNation’s same-store revenue for the first quarter of 2021.

$2.7K: Approximate amount of AutoNation’s profits for each new vehicle sold in Q1.