automotive

New Car Prices Downshift After Summer Record
New Car Prices Downshift After Summer Record
October 31, 2022  |  Economy

Car buyers could begin to feel less pain when paying for a new vehicle following a years-long spike in the price of new automobiles. Get...

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UK Car Retailer Cazoo Ditches EU Market to Ease Path to Profitability
UK Car Retailer Cazoo Ditches EU Market to Ease Path to Profitability
October 27, 2022  |  Earnings

Following last month’s announcement that it is pulling out of the mainland European market to focus its attentions on the United Kingdom, British online auto...

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AutoNation Reports New Vehicle Sales at ‘Recessionary Levels’
AutoNation Reports New Vehicle Sales at ‘Recessionary Levels’
October 27, 2022  |  Retail

Retail sales of both new and used vehicles remain below historical levels due to inventory constraints, executives of automotive retailer AutoNation reported Thursday (Oct. 27)...

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Small Truckers, Truck Stops Pool Buying Clout to Take on Industry Giants
Small Truckers, Truck Stops Pool Buying Clout to Take on Industry Giants
October 24, 2022  |  Commerce Connected

Smaller players in both the trucking industry and the truck stop industry are challenged to match the efficiencies of their larger competitors. Get the Full...

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Today in B2B Payments: Firms Launch Tools for Aviation, Restaurant Industries
Today in B2B Payments: Firms Launch Tools for Aviation, Restaurant Industries
October 18, 2022  |  B2B Payments

Today in B2B payments, TreviPay and KHI develop a payment platform for the aviation industry, Lendica and Altametrics offer B2B buy now, pay later (BNPL)...

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Discount Tire Debuts Omnichannel Concept Store to Speed Auto Service
Discount Tire Debuts Omnichannel Concept Store to Speed Auto Service
October 04, 2022  |  Retail

Tire and wheel retailer Discount Tire has introduced “Pit Pass,” a concept store designed to help customers get serviced faster in a “drive-thru experience.” Get...

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What 2014 Teaches Us About the Future of Payments and the Digital Economy
What 2014 Teaches Us About the Future of Payments and the Digital Economy
October 03, 2022  |  Connected Economy

In 1963, Nobel-prize winning physicist Dennis Gabor wrote that the future can’t be predicted, but it can be invented. Gabor, who won the Nobel for...

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CarMax Earnings Point to Shaky Used Car Market
CarMax Earnings Point to Shaky Used Car Market
September 30, 2022  |  Economy

CarMax’s recent results signal some trouble spots that extend far beyond the used car industry and hint at some of the fires that may flare...

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CarMax Faced With Growing Consumer Demand for Cheaper Cars
CarMax Faced With Growing Consumer Demand for Cheaper Cars
September 29, 2022  |  Retail

Difficult economic conditions are leading car shoppers to look for less-expensive used vehicles, CarMax President and CEO Bill Nash said Thursday (Sept. 29) during the...

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