cars

Carvana Expects New Car Production to Boost Used Car Sales
Carvana Expects New Car Production to Boost Used Car Sales
May 14, 2024  |  Transportation

Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and...

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Odessa Launches Originations Platform, Plans Auto Finance Suite
Odessa Launches Originations Platform, Plans Auto Finance Suite
April 24, 2024  |  Loans

Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto...

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Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
April 18, 2024  |  Transportation

Economic challenges or no, consumers still need to get where they are going, and many are now opting for secondhand sellers when buying vehicles, unable...

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Declining Sales, Production Setbacks Add Miles to Bumpy EV Journey
Declining Sales, Production Setbacks Add Miles to Bumpy EV Journey
April 05, 2024  |  Transportation

Barely a week following the launch of Xiaomi’s highly anticipated electric car, which catapulted the electric vehicle (EV) market into the limelight, other original equipment manufacturers...

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Apple’s CarPlay Gains New Weight as EV Plan Stalls
Apple’s CarPlay Gains New Weight as EV Plan Stalls
March 17, 2024  |  Apple

Last month, Apple announced it was sunsetting its plans to enter the electric vehicle space. Now, the company’s CarPlay offering has become the tech giant’s sole hope...

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Hertz CEO Departs Following EV Troubles
Hertz CEO Departs Following EV Troubles
March 17, 2024  |  Transportation

Hertz’s CEO is stepping down following the company’s major shift on the electric vehicle front. Stephen Scherr, who joined the rental car giant in 2022,...

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Cazoo Switches Focus to Become ‘Pure Play’ Automotive Marketplace
Cazoo Switches Focus to Become ‘Pure Play’ Automotive Marketplace
March 06, 2024  |  Transportation

Cazoo’s days of selling used cars are coming to an end. The U.K. company plans to transition into a “pure play” automotive marketplace, Cazoo said in...

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Saks Gets into EV Sales in Bid to Drive Digital Engagement
Saks Gets into EV Sales in Bid to Drive Digital Engagement
February 06, 2024  |  Retail

As brick-and-mortar retailers look for new ways to remain relevant amid commerce’s digital transformation, Saks Fifth Avenue is turning its focus to automotive sales in...

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New Car Sales Expected to Reach Highest Level Since 2019 
New Car Sales Expected to Reach Highest Level Since 2019 
December 21, 2023  |  Transportation

The automotive industry in the United States is reportedly set to experience a slight increase in new car sales in 2024.  Industry analysts’ projections indicate...

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