automotive

Auto1 Ups Its AI Focus as Car-Sale Profits Jump 23%

Auto1 Ups Its AI Focus as Car-Sale Profits Jump 23%
Auto1 Ups Its AI Focus as Car-Sale Profits Jump 23%
May 08, 2024  |  Earnings

European used car platform Auto1 is deepening its artificial intelligence (AI) focus amid record profits. The company on Wednesday (May 8) reported quarterly earnings showing...

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Gen Z Car Buyers Shop Digitally but Complete Purchases in Person
Gen Z Car Buyers Shop Digitally but Complete Purchases in Person
May 02, 2024  |  Retail

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...

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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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ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
April 10, 2024  |  Real-Time Payments

ServiceUp added an expedited payment processing feature to its auto repair shop management platform. The new InstaPay feature ensures that auto repair shops receive their money...

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Robomart CEO: Autonomous Technology Will Speed the Rise of ‘Mobile Retail’
Robomart CEO: Autonomous Technology Will Speed the Rise of ‘Mobile Retail’
April 09, 2024  |  Retail

As self-driving technology comes closer into view, Robomart sees mobile stores as a key retail channel going forward. The company, which provides hail-able mobile shops for retailers,...

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Basemark Raises $23 Million For Augmented Reality Automotive Software
Basemark Raises $23 Million For Augmented Reality Automotive Software
April 09, 2024  |  Investments

Augmented reality (AR) software firm Basemark has raised $23 million in a new funding round. Based in Helsinki, Finland, Basemark makes augmented reality (AR) tools that...

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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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