automotive

CarMax Faced With Growing Consumer Demand for Cheaper Cars

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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For Buying, Selling and Financing, MEA Auto Markets Turn to Digital Platforms
For Buying, Selling and Financing, MEA Auto Markets Turn to Digital Platforms
September 27, 2022  |  eCommerce

In the September edition of the Expanding Payments Choice Playbook series, PYMNTS discusses the importance of end-to-end digital car buying, a mode of auto sales...

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PYMNTS Intelligence: Meeting Car Buyers in the Digital Space
PYMNTS Intelligence: Meeting Car Buyers in the Digital Space
September 21, 2022  |  Consumer Payments

Young consumers expect everything faster. — Millennials outdistanced baby boomers for the first time in 2020 as the age group buying the most new cars,...

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Online Car Shoppers Say Buying Experience 3x More Important Than Price
Online Car Shoppers Say Buying Experience 3x More Important Than Price
September 20, 2022  |  Retail

“What price will put you nice folks into a used car today?” The cartoonish used car pitches of yesteryear vanished with the pandemic used car...

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AutoZone Sees ‘Lofty’ Commercial Sales Growth
AutoZone Sees ‘Lofty’ Commercial Sales Growth
September 19, 2022  |  Retail

AutoZone logged a 26% growth in its commercial business during the fiscal fourth quarter, the auto parts retailer reported Monday (Sept. 19). Commercial sales for...

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Automotive Loyalty Gets Boost With Real-Time Digital Disbursements
Automotive Loyalty Gets Boost With Real-Time Digital Disbursements
September 19, 2022  |  Consumer Payments

Auto companies and dealers can no longer depend on direct customer interactions in the showroom to build rapport and keep customers interested. Digital is already...

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New Vehicle Prices Up for 5th Month, Kelley Blue Book Says
New Vehicle Prices Up for 5th Month, Kelley Blue Book Says
September 12, 2022  |  Consumer Finance

Although there are more vehicles available to shoppers on dealers’ lots, the price of new vehicles is still rising, having set another record in August. ...

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Cazoo Pulls Out of EU to Focus on UK Market
Cazoo Pulls Out of EU to Focus on UK Market
September 08, 2022  |  eCommerce

Following a strategic review of its business in mainland Europe, online car seller Cazoo is foreclosing its operations in the European Union in order to...

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