car sales

Auto Retailers Tap Tech to Cut Risk of Finding, Buying Used Cars in Unfamiliar Places
Auto Retailers Tap Tech to Cut Risk of Finding, Buying Used Cars in Unfamiliar Places
February 07, 2022  |  Retail

Used cars have never been more popular, scarce or expensive. As a result, the average price of secondhand vehicles has risen 42% over the past...

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Automotive Lender Kuwy Launches Car Sale Platform
Automotive Lender Kuwy Launches Car Sale Platform
February 03, 2022  |  Startups

Indian automotive lending startup Kuwy has launched a Lending-as-a-Service (LaaS) platform to let customers purchase new and used cars. “KuwyLaaS will jump start the journey...

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Used Car eCommerce Platform Holds Pop-up Event for Sellers
Used Car eCommerce Platform Holds Pop-up Event for Sellers
January 31, 2022  |  eCommerce

Used car eCommerce platform Shift has tried out another way to make it convenient for consumers to sell their cars. Already offering its customers the...

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Cazoo Acquires Italy’s Brumbrum, Solidifies Presence in Five Largest Used Car Markets in Europe
Cazoo Acquires Italy’s Brumbrum, Solidifies Presence in Five Largest Used Car Markets in Europe
January 26, 2022  |  Acquisitions

Cazoo, one of Europe’s leading online car retailers, announced in a Wednesday (Jan. 26) press release that it will be acquiring Italian online used car...

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Vehicle Brands Offer Car Shoppers a Seamless Experience Online and In-Store
Vehicle Brands Offer Car Shoppers a Seamless Experience Online and In-Store
January 12, 2022  |  Retail

About five years ago, Toyota saw that potential customers who were shopping for cars online were turning to third-party websites to get some information they...

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High New and Used Car Prices Keeping Pedal to the Metal Until Production Catches Up
High New and Used Car Prices Keeping Pedal to the Metal Until Production Catches Up
January 03, 2022  |  Economy

As 2021 drew to a close, vehicle valuation and automotive research company Kelly Blue Book (KBB) released the startling stat that the “average used car price tops $27,000 for the...

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CarMax Sales Set Quarterly Record, Buybacks Blow Away Previous High
CarMax Sales Set Quarterly Record, Buybacks Blow Away Previous High
December 22, 2021  |  Retail

Used car retailer CarMax, Inc.’s retail and wholesale sales shot up almost 30% in the third quarter of fiscal 2022, largely because of increased consumer...

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Embedded Insurance Streamlines Auto Refinancing Experience for Consumers
Embedded Insurance Streamlines Auto Refinancing Experience for Consumers
December 16, 2021  |  Insurance

In the markets for new and used cars, costs are up and discounts are down. On the recent Black Friday, discounts were at record lows....

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Toyota Backs Electric Vehicle Endeavors With $35B
Toyota Backs Electric Vehicle Endeavors With $35B
December 14, 2021  |  Transportation

Toyota, one of the world’s biggest carmakers, is planning to invest $35 billion to create a full lineup of 30 battery-powered electric vehicles by 2030...

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