car sales

Rising Car Prices Could Mean Stalling Sales for Automakers
Rising Car Prices Could Mean Stalling Sales for Automakers
October 01, 2024  |  Retail

For automakers, pre-pandemic sales highs might be in the rearview mirror. As The Wall Street Journal (WSJ) reported Tuesday (Oct. 1), the steep price of new vehicles...

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CarMax Focuses on Seamless Customer Experience to Grow Loyalty
CarMax Focuses on Seamless Customer Experience to Grow Loyalty
September 26, 2024  |  Earnings

As CarMax adapts to a shifting automotive landscape, the company is focused on improving the customer experience to maintain its leadership as the nation’s largest...

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Vroom Completes Business Wind-Down; Shifts Focus to Core Assets
Vroom Completes Business Wind-Down; Shifts Focus to Core Assets
September 23, 2024  |  Transportation

In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and...

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Santander Consumer Expands Small Business Offering to Car Dealers
Santander Consumer Expands Small Business Offering to Car Dealers
September 16, 2024  |  SMBs

Santander Consumer is expanding its small business offering to all auto dealers using its platform. The program lets small business owners and entrepreneurs finance vehicles...

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Automakers Face Roadblocks in Switching to Electric Vehicles
Automakers Face Roadblocks in Switching to Electric Vehicles
July 28, 2024  |  Transportation

The automotive industry is facing an obstacle in switching to electric vehicles: traditional cars. As The Wall Street Journal (WSJ) reported Sunday (July 28), pressures...

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Tesla’s Grip on US Electric Car Market Slips in Q2
Tesla’s Grip on US Electric Car Market Slips in Q2
July 10, 2024  |  Earnings

Tesla’s dominance of the American electric car market has faded, even as vehicle sales surge. The company’s share of the electric vehicle (EV) market fell...

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Carvana Adds New Features for Buying and Selling EVs
Carvana Adds New Features for Buying and Selling EVs
July 10, 2024  |  eCommerce

Online car marketplace Carvana has introduced new features for buying and selling electric vehicles (EVs). The company says its new streamlined process highlights vehicles qualifying...

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CDK Expects to Have Hacked Systems Restored by July 4
CDK Expects to Have Hacked Systems Restored by July 4
July 01, 2024  |  Security & Fraud

CDK Global is reportedly restoring its systems that were hacked and expects to have all the car dealerships using its platform live by the morning...

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Online Auto Industry Stalls as Consumers Drive New Digital-First Experiences
Online Auto Industry Stalls as Consumers Drive New Digital-First Experiences
June 28, 2024  |  Retail

With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. For instance, Bloomberg reported this...

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