automotive

Used Car Prices Drop as Consumers Pull Back on Spending

Used Car Prices Drop as Consumers Pull Back on Spending
Used Car Prices Drop as Consumers Pull Back on Spending
May 05, 2023  |  Economy

Used car prices dropped in April, marking the first month-over-month decline seen this year. The wholesale used vehicle prices declined 3% in April compared to...

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Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
April 27, 2023  |  Earnings

British online auto marketplace Cazoo said an intense focus on improving unit economics as well as restructuring activities which saw it ditch its other European...

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With Used Car Sales Down 21% in Q1, AutoNation Focuses on After-Sale Services
With Used Car Sales Down 21% in Q1, AutoNation Focuses on After-Sale Services
April 20, 2023  |  Economy

Bolstering its service offerings at a time when inventories of new and used vehicles are tight, AutoNation is focusing more on aftermarket tune-ups and tightening...

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CarMax Leans Into Omnichannel, Credit and Digital Self-Service to Steer Tough Course
CarMax Leans Into Omnichannel, Credit and Digital Self-Service to Steer Tough Course
April 11, 2023  |  Earnings

The used car market is seeking stability against ongoing macro headwinds, as seen in the fiscal 2023 fourth-quarter performance of CarMax, the nation’s largest used...

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CerebrumX and BlackBerry Partner to Scale Connected Vehicle Data Offerings
CerebrumX and BlackBerry Partner to Scale Connected Vehicle Data Offerings
April 07, 2023  |  Partnerships

CerebrumX has received a strategic investment from BlackBerry to scale its offering of products based on connected vehicle data. The firm’s artificial intelligence (AI)-based Augmented...

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Walmart Adds Juice to EV Fast Charging Network
Walmart Adds Juice to EV Fast Charging Network
April 06, 2023  |  Retail

Walmart is expanding its electric vehicle charging capabilities in a bid to promote EV ownership. “By 2030, we intend to build our own EV fast-charging...

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EV Charging Stations May Rev Up Retailers’ Basket Sizes and Sales
EV Charging Stations May Rev Up Retailers’ Basket Sizes and Sales
March 31, 2023  |  Technology

For brick-and-mortar retailers — convenience stores especially — boosting foot traffic is essential. And for some forward-thinking merchants, the way to charge sales and boost...

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AI Is the Glue That Will Bind Voice Assistants, Cars and Commerce
AI Is the Glue That Will Bind Voice Assistants, Cars and Commerce
March 20, 2023  |  Connected Economy

The connections already forged between consumers, their mobile devices, home speakers and voice assistants will forge the connections between conversational AI, cars and commerce conducted...

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