automotive

CarGurus Slammed By Falling Used Car Demand and Prices

CarGurus Slammed By Falling Used Car Demand and Prices
CarGurus Slammed By Falling Used Car Demand and Prices
November 08, 2022  |  Earnings

Drops in both demand and unit prices in the used car market contributed to unexpected weakness in CarGurus’ latest results, executives said Tuesday (Nov. 8)...

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Used Vehicle Platform Vroom Targets Profitability Over Growth
Used Vehicle Platform Vroom Targets Profitability Over Growth
November 08, 2022  |  eCommerce

Used vehicle eCommerce platform Vroom is making progress on its goal of achieving profitability and liquidity ahead of growth, company executives said Tuesday (Nov. 8)...

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Online Car Platforms’ Skid Proves Digital Shifts Are No Sure Bet
Online Car Platforms’ Skid Proves Digital Shifts Are No Sure Bet
November 08, 2022  |  eCommerce

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Google Deepens Connected Car Partnership with Renault
Google Deepens Connected Car Partnership with Renault
November 08, 2022  |  Google

Google and Renault are expanding on their partnership, allowing the automaker to offer over-the-air software updates to its vehicles amid a boom in the connected...

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Connected Car Fleets Become New B2B and B2C Revenue Drivers
Connected Car Fleets Become New B2B and B2C Revenue Drivers
October 31, 2022  |  B2B Payments

As the number of connected vehicles on the road continues to grow, developers are producing tools that serve a variety of use cases for consumers,...

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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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