car sales

Luxury Auto Sales Hit Record Despite High Rates and Prices
Luxury Auto Sales Hit Record Despite High Rates and Prices
February 13, 2023  |  Retail

Luxury brands are thriving in the automotive world as they are in other retail categories. Automotive luxury brands accounted for a record 19.6% share of...

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O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
O’Reilly Automotive Sees Sales Accelerate as Car Buying Slows
February 09, 2023  |  Retail

O’Reilly Automotive continues to enjoy increased sales — and hopes to expand — amid a car-buying downturn. The auto parts retailer announced in an earnings...

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The Future of Online Car Buying Is Omnichannel — With a 2-Week Test Drive
The Future of Online Car Buying Is Omnichannel — With a 2-Week Test Drive
February 06, 2023  |  Connected Economy

Of its many disruptions, the pandemic has driven car pricing and buying off a cliff, making room for innovators to create a digital shift. While...

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Group 1 Shows Car Sales up but Margins Down as Inventory Recovers
Group 1 Shows Car Sales up but Margins Down as Inventory Recovers
January 25, 2023  |  Retail

Group 1 Automotive’s latest earnings results show consumers are still buying new and used cars but are getting better deals. The automotive retailer with 204...

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J.D. Power Debuts Ordering Tool to Reduce Online Car-Buying Friction
J.D. Power Debuts Ordering Tool to Reduce Online Car-Buying Friction
January 24, 2023  |  eCommerce

J.D. Power has unveiled an ordering tool to prevent cart abandonment during car shopping. The consumer insights and analytics firm said in a news release Tuesday (Jan. 24)...

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Impel Raises $104M to Help Car Dealers Improve Digital Engagement
Impel Raises $104M to Help Car Dealers Improve Digital Engagement
January 19, 2023  |  Connected Economy

Impel has raised $104 million to grow its digital engagement software for automotive manufacturers, dealers and third-party marketplaces. The company will use the new capital to...

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Self-Serve Finance Marketplace Helps Buyers Find Cars They Can Actually Afford
Self-Serve Finance Marketplace Helps Buyers Find Cars They Can Actually Afford
January 18, 2023  |  Partnerships

AutoFi and Santander Consumer USA plan to launch a finance-based auto shopping marketplace this spring. The online, direct-to-consumer (D2C) marketplace will use a soft credit...

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Cazoo Targets Higher Margins as Used Car Market Shrinks
Cazoo Targets Higher Margins as Used Car Market Shrinks
January 18, 2023  |  Earnings

Cazoo has revealed plans to shake up its U.K. business. In a Wednesday (Jan. 18) earnings statement, the online auto seller announced a revised strategic...

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US Car Sales Hit Lowest Level in 10+ Years
US Car Sales Hit Lowest Level in 10+ Years
January 04, 2023  |  Economy

When carmakers release their 2022 sales figures this week, they’re unlikely to bring good news. Across the industry, American auto sales are projected to be...

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