Consumers — especially younger generations — are conducting more and more purchases digitally, but especially for high-consideration, large-ticket items such as cars, many shoppers are not willing to give up the in-person experience. In an interview with PYMNTS, Rebecca Lindland, senior director of industry data...
The pandemic-era supply chain issues that hit the car industry may have abated. But that doesn’t mean things are back to normal, and — as Seeking Alpha noted in a report Sunday (Sept. 3) — that’s good news for the used car sector. According to...
“What price will put you nice folks into a used car today?” The cartoonish used car pitches of yesteryear vanished with the pandemic used car shortage and subsequent pricing spike, elevating online buying experience as the big differentiator in pre-owned sales today. In a recent...
Today in the connected economy, Netflix gets into gaming with its planned acquisition of Next Games, while delivery service Gopuff expands across France. Plus, a new acquisition lets Cars.com add a range of new services, and udaan — the largest B2B eCommerce platform in India...
June 28, 2024
With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. For instance, Bloomberg reported this week that private equity firm Thoma Bravo is looking into selling Canadian digital automotive marketplace Trader, which it acquired in 2016. The company’s valuation could be $2.9 billion or more […]
September 03, 2023
The pandemic-era supply chain issues that hit the car industry may have abated. But that doesn’t mean things are back to normal, and — as Seeking Alpha noted in a report Sunday (Sept. 3) — that’s good news for the used car sector. According to the report, industry analysts project carmakers will produce 10 million […]
March 02, 2022
Online automotive marketplace Cars.com Inc. has finalized its acquisition of the Accu-Trade Group, which was announced last month, bringing real-time, VIN-specific appraisal and valuation data, instant guaranteed offer capabilities and logistics...
December 22, 2020
Almost half of Americans (46 percent) intend to travel for the December holidays amid the pandemic, according to press release from online automotive marketplace and solutions firm Cars.com. The pandemic...
August 24, 2020
Cars.com found that more than a third of Americans are telecommuting as commuting habits have changed over the pandemic, placing more dependence on personal vehicles. The firm found that 66...
