“Buy a car entirely online, and have it safely delivered, contact-free.” So goes the pitch at online car-buying platform Vroom, which is turning to artificial...
Consignment-to-retail used vehicle marketplace CarLotz, Inc. said on Wednesday (Dec. 16) that its total revenues rose 12 percent for Q3 2020 to $29.8 million, up...
Vroom said on Tuesday (Dec. 15) that it has entered into a definitive deal to buy artificial intelligence (AI)-fueled analytics and digital services company CarStory...
Headline data showing a 15 percent drop in November U.S. vehicle sales seem startling, but industry experts say it doesn’t accurately reflect the industry’s true...
A joint outlook from J.D. Power and LMC Automotive forecasts that new vehicle retail sales for November 2020 will drop slightly from the same month...
Given that 90 percent of new car purchases and half of used car purchases are financed, it’s no surprise that the lifestyle changes and digital...
COVID-19’s economic impacts continue to roil the auto industry, but rather than hurt sales, the pandemic is just increasingly moving them to digital channels. The age-old process...
With U.S. airline-passenger miles down some 70 percent as COVID-19 has consumers afraid to fly, Amazon and other eCommerce players are trying to get Americans...
Amid the accelerating shift to digital sales during COVID-19 restrictions, U.K. car sales platform Cazoo has notched $310 million in funding, Bloomberg reported. Get the...