automotive

AutoNation Expansion of Services, Finance, Transportation Drive Record Q4

AutoNation Expansion of Services, Finance, Transportation Drive Record Q4
AutoNation Expansion of Services, Finance, Transportation Drive Record Q4
February 17, 2023  |  Earnings

AutoNation’s growing portfolio of services is driving record results. The automotive retailer said in a Friday (Feb. 17) earnings release that it earned record revenue...

READ MORE >
Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
February 15, 2023  |  Retail

Sonic Automotive said last year’s investment in omnichannel used car stores has paid off. The auto retailer’s latest earnings report showed that its EchoPark preowned...

READ MORE >
Luxury Auto Sales Hit Record Despite High Rates and Prices
Luxury Auto Sales Hit Record Despite High Rates and Prices
February 13, 2023  |  Retail

Luxury brands are thriving in the automotive world as they are in other retail categories. Automotive luxury brands accounted for a record 19.6% share of...

READ MORE >
Augmented Reality Helps German Automakers Drive Future of Connected Vehicles
Augmented Reality Helps German Automakers Drive Future of Connected Vehicles
February 09, 2023  |  Connected Economy

The latest concept cars from BMW and Audi look to the future of in-car displays. Concept cars have long been a way for vehicle makers...

READ MORE >
Open Lending Looks to Meet Demand for Older Cars
Open Lending Looks to Meet Demand for Older Cars
February 09, 2023  |  Loans

Open Lending is expanding its car financing program to meet a demand for older vehicles. The Austin-based lending platform, which facilitates car loans, announced Thursday...

READ MORE >
O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
February 09, 2023  |  Retail

O’Reilly Automotive continues to enjoy increased sales — and hopes to expand — amid a car-buying downturn. The auto parts retailer announced in an earnings...

READ MORE >
Valvoline Looks to Double Retail Locations as Vehicle Maintenance Surges
Valvoline Looks to Double Retail Locations as Vehicle Maintenance Surges
February 07, 2023  |  Retail

Valvoline is seeing strong demand for quick and convenient oil changes and other automotive services. The preventative vehicle maintenance provider saw its system-wide same-store sales...

READ MORE >
The Future of Online Car Buying Is Omnichannel — With a 2-Week Test Drive
The Future of Online Car Buying Is Omnichannel — With a 2-Week Test Drive
February 06, 2023  |  Connected Economy

Of its many disruptions, the pandemic has driven car pricing and buying off a cliff, making room for innovators to create a digital shift. While...

READ MORE >