car sales

Auto Sales Climb 13% as Consumers Continue to Spend
Auto Sales Climb 13% as Consumers Continue to Spend
July 06, 2023  |  Economy

Interest rates and inflation are apparently no match for the consumer’s desire for a new car. Get the Full Story Complete the form to unlock...

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CarMax Results Show Car Affordability Still an Issue Amid Higher Rates
CarMax Results Show Car Affordability Still an Issue Amid Higher Rates
June 23, 2023  |  Earnings

The used vehicle market might be seeing improvement, but affordability remains elusive. Get the Full Story Complete the form to unlock this article and enjoy...

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Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
May 31, 2023  |  Market Conditions

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Auto Sales Slump Could Be a Crisis of the Sector’s Own Making
Auto Sales Slump Could Be a Crisis of the Sector’s Own Making
May 12, 2023  |  Retail

The Bureau of Labor Statistics (BLS) published a little-noticed piece last month analyzing the part auto dealers’ markups played in new car price tag inflation during...

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Used Car Prices Drop as Consumers Pull Back on Spending
Used Car Prices Drop as Consumers Pull Back on Spending
May 05, 2023  |  Economy

Used car prices dropped in April, marking the first month-over-month decline seen this year. Get the Full Story Complete the form to unlock this article...

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Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
April 27, 2023  |  Earnings

British online auto marketplace Cazoo said an intense focus on improving unit economics as well as restructuring activities which saw it ditch its other European...

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With Used Car Sales Down 21% in Q1, AutoNation Focuses on After-Sale Services
With Used Car Sales Down 21% in Q1, AutoNation Focuses on After-Sale Services
April 20, 2023  |  Economy

Bolstering its service offerings at a time when inventories of new and used vehicles are tight, AutoNation is focusing more on aftermarket tune-ups and tightening...

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Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
February 15, 2023  |  Retail

Sonic Automotive said last year’s investment in omnichannel used car stores has paid off. Get the Full Story Complete the form to unlock this article...

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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. Get the Full Story Complete the form to unlock this...

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