car sales

Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?

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  |  Markets

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

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