car sales

CarMax Shifts Into Digital Overdrive
CarMax Shifts Into Digital Overdrive
September 28, 2020  |  Retail

Online car-buying continues its momentum as CarMax, which bills itself as the largest retailer of used cars, has announced the completion of its digital rollout,...

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Edmunds Predicts Comeback For New Auto Sales In Q3
Edmunds Predicts Comeback For New Auto Sales In Q3
September 25, 2020  |  Retail

Even with challenges brought by the COVID-19 health crisis, Edmunds analysts indicate that Q3 marks a “positive turning point” for the automotive space. They anticipate...

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Canoo Aims To Reinvent Electric Vehicles And Subscriptions
Canoo Aims To Reinvent Electric Vehicles And Subscriptions
September 08, 2020  |  Subscriptions

A COVID slump slowed the roll of major automakers and dealers this past spring, with the pandemic causing a 30 percent drop in auto sales...

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11.3 Pct Hike In Auto Sales Drives Durable Goods Growth In July
11.3 Pct Hike In Auto Sales Drives Durable Goods Growth In July
August 26, 2020  |  Economy

Americans made virtual trips to car showrooms in July as new orders for manufactured durable goods, products lasting three years or more, increased by 11.2...

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Americans Swap Mass Transit For Personal Vehicles As Pandemic Fuels Car Purchases
Americans Swap Mass Transit For Personal Vehicles As Pandemic Fuels Car Purchases
August 24, 2020  |  Retail

Cars.com found that more than a third of Americans are telecommuting as commuting habits have changed over the pandemic, placing more dependence on personal vehicles....

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It’s Pedal To The Metal For Online Car Sales
It’s Pedal To The Metal For Online Car Sales
August 11, 2020  |  eCommerce

With estimates that U.S. automobile sales may fall by 22 percent to just over 13 million vehicles sold in all of 2020, the process of buying...

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Tesla To Grow Retail Presence In US, Abroad 
Tesla To Grow Retail Presence In US, Abroad 
August 04, 2020  |  Retail

More than a year after Tesla Inc. CEO Elon Musk raised the possibility of shuttering its stores and selling only online, the California electric vehicle...

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Global Car Makers Skid Deep Into Red In Second Quarter
Global Car Makers Skid Deep Into Red In Second Quarter
July 30, 2020  |  Earnings

The worldwide COVID-19 economic crash has sent major automakers’ revenues and profits plunging over a cliff. Nonetheless, some see signs of an impending recovery. Get...

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Average Age Of US Vehicles Nears 12 Years
Average Age Of US Vehicles Nears 12 Years
July 28, 2020  |  Retail

Americans seem to be holding onto their cars for longer periods of time. Research from IHS Markit shows that the average age of “light vehicles” in...

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