automotive

Rolls-Royce Says Continued Luxury Demand Fuels Record Sales

Rolls-Royce Says Continued Luxury Demand Fuels Record Sales
Rolls-Royce Says Continued Luxury Demand Fuels Record Sales
January 09, 2023  |  Retail

Rolls-Royce says it sees no sign of a slowdown in demand for its high-end vehicles. The British automaker said Monday (Jan. 9) that it enjoyed...

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Automakers Monetize Car-Level Data as Connected Economy Revs Up
Automakers Monetize Car-Level Data as Connected Economy Revs Up
January 06, 2023  |  Connected Economy

For automakers, making and selling the car is a start — selling data is what comes next. To that end, automaker Stellantis NV — which...

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Wall Street and Banks Concerned About Car Buyers’ Growing Debt
Wall Street and Banks Concerned About Car Buyers’ Growing Debt
January 06, 2023  |  Loans

Wall Street and banks are reportedly growing concerned about car buyers’ debt load. Bloomberg reported Friday (Jan. 6) that the size of outstanding auto loans...

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US Car Sales Hit Lowest Level in 10+ Years
US Car Sales Hit Lowest Level in 10+ Years
January 04, 2023  |  Economy

When carmakers release their 2022 sales figures this week, they’re unlikely to bring good news. Across the industry, American auto sales are projected to be...

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Credit Unions Grab Auto Loan Market Share in Q3
Credit Unions Grab Auto Loan Market Share in Q3
December 27, 2022  |  Credit Unions

With lending rates climbing, credit unions are continuing to offer more affordable auto loans. As The Wall Street Journal reported Tuesday (Dec. 27), credit unions...

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CarMax Stock Skids in Q3 as Used Car Sales Sputter
CarMax Stock Skids in Q3 as Used Car Sales Sputter
December 22, 2022  |  Retail

An 86% drop in profits and 22% slump in used car sales saw CarMax stock slump sharply in early trading. This, as the nation’s largest...

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Automakers: Car Chip Shortage Will Slow Adoption of EVs, Connected Cars
Automakers: Car Chip Shortage Will Slow Adoption of EVs, Connected Cars
December 20, 2022  |  Connected Economy

The car chip shortage that has bedeviled the auto industry this year isn’t going away. That’s according to a Tuesday (Dec. 20) report by the...

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Online Car-Buying Firm Cazoo Sells Spanish Business
Online Car-Buying Firm Cazoo Sells Spanish Business
December 15, 2022  |  eCommerce

Online car-buying platform Cazoo has sold its Spanish subscription business. In a Thursday (Dec. 15) press release, the U.K.-based online auto seller announced that it has...

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