auto sales

Vroom Earnings Report: Turbocharged by Connected Economy?
Vroom Earnings Report: Turbocharged by Connected Economy?
May 11, 2021  |  Earnings

Online, increasingly, is where the rubber meets the road. Vroom will report earnings on Wednesday (May 12) and likely will show that the connected economy...

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Connected Economy 2021: Using Data To Accelerate Automotive’s Connected Future
Connected Economy 2021: Using Data To Accelerate Automotive’s Connected Future
April 29, 2021  |  Retail

Americans have always had a love affair with the car, which was first coined in 1961 as part of a television series designed to intensify that passion....

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Vroom: Consumer Demand For Used Cars Eclipses Pre-COVID Levels
Vroom: Consumer Demand For Used Cars Eclipses Pre-COVID Levels
March 03, 2021  |  Earnings

Vroom reported fourth-quarter results that showed increased use of online channels to buy used cars. In terms of headline numbers, Vroom said that revenues came...

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Fewer Cars, Bigger Profits: Auto Makers Look to Stay Lean Post-Pandemic
Fewer Cars, Bigger Profits: Auto Makers Look to Stay Lean Post-Pandemic
November 23, 2020  |  Retail

In yet another pandemic-related shift to normal life, the way people buy cars is changing in America, according to The Wall Street Journal. Due to...

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Global Car Makers Skid Deep Into Red In Second Quarter
Global Car Makers Skid Deep Into Red In Second Quarter
July 30, 2020  |  Earnings

The worldwide COVID-19 economic crash has sent major automakers’ revenues and profits plunging over a cliff. Nonetheless, some see signs of an impending recovery. For...

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Jaguar Land Rover Moves Forward With Subscription Program
Jaguar Land Rover Moves Forward With Subscription Program
July 07, 2020  |  Subscription Commerce

Jaguar Land Rover is dipping its paw into the subscription automobile leasing pool, just as peer Mercedes is climbing out after a trial run, Autoweek...

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Vroom’s Shares Surge Following IPO
Vroom’s Shares Surge Following IPO
June 09, 2020  |  IPO

Online auto retailer Vroom Inc. saw its shares more than double on Tuesday (June 9) on their first day of trading following the company’s initial public...

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British Car Sales Plummeted 90 Pct In May
British Car Sales Plummeted 90 Pct In May
June 04, 2020  |  Retail

May was a devastating month for Great Britain’s auto industry, as sales fell by 90 percent. Aston Martin, the London car manufacturer, and Lookers, a...

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Vroom’s IPO Could Net $366.6M
Vroom’s IPO Could Net $366.6M
June 02, 2020  |  IPO

eCommerce vehicle retailer Vroom has started the initial public offering (IPO) of its common stock, according to an announcement. The company’s IPO price is forecasted...

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