car sales

Global Car Makers Skid Deep Into Red In Second Quarter

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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Jaguar Land Rover Moves Forward With Subscription Program
Jaguar Land Rover Moves Forward With Subscription Program
July 07, 2020  |  Subscriptions

Jaguar Land Rover is dipping its paw into the subscription automobile leasing pool, just as peer Mercedes is climbing out after a trial run, Autoweek...

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Car Talk: Shift Announces Plans To Go Public
Car Talk: Shift Announces Plans To Go Public
June 29, 2020  |  Retail

The automotive evolution to Digital 3.0 revved a little higher Monday (June 29) as online car sales platform Shift announced it will go public in...

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Vehicle Sales Off By 6 Pct In June From Pre-Virus Forecast
Vehicle Sales Off By 6 Pct In June From Pre-Virus Forecast
June 29, 2020  |  Retail

Sales of new cars are expected to be off by nearly 6 percent from a year ago, according to a joint forecast by J.D. Power...

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Are Digital Auto Sales The Shape Of The Future Or Just A Temporary Detour?
Are Digital Auto Sales The Shape Of The Future Or Just A Temporary Detour?
June 15, 2020  |  Retail

As the global pandemic closed U.S. businesses nationwide, car dealerships found themselves facing a crisis because consumers could no longer stop by the showroom for...

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Online Auto Rides Unlikely Wave Of Success
Online Auto Rides Unlikely Wave Of Success
June 10, 2020  |  Retail

With Vroom motoring its way to a high-valuation IPO, it’s a good time to take stock of how a digital model for buying cars survived...

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Vroom’s Shares Surge Following IPO
Vroom’s Shares Surge Following IPO
June 09, 2020  |  IPO

Online auto retailer Vroom Inc. saw its shares more than double on Tuesday (June 9) on their first day of trading following the company’s initial public...

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