car sales

Carvana Adds New Features for Buying and Selling EVs

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  |  Cybersecurity

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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Carvana Expects New Car Production to Boost Used Car Sales
Carvana Expects New Car Production to Boost Used Car Sales
May 14, 2024  |  Transportation

Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and...

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Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
April 05, 2024  |  eCommerce

Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all”...

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Earnings Season Shows Some Momentum for Online Car Platforms
Earnings Season Shows Some Momentum for Online Car Platforms
March 14, 2024  |  Retail

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run...

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Cazoo Switches Focus to Become ‘Pure Play’ Automotive Marketplace
Cazoo Switches Focus to Become ‘Pure Play’ Automotive Marketplace
March 06, 2024  |  Transportation

Cazoo’s days of selling used cars are coming to an end. The U.K. company plans to transition into a “pure play” automotive marketplace, Cazoo said in...

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Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
March 01, 2024  |  Earnings

Volkswagen Group expects its sales revenue growth to slow in 2024. The automaker said in a Friday (March 1) press release that it expects sales...

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