online car sales

FTC Begins Sending Refunds to Car Buyers in Vroom Settlement

FTC Begins Sending Refunds to Car Buyers in Vroom Settlement
FTC Begins Sending Refunds to Car Buyers in Vroom Settlement
March 13, 2025  |  Regulation

The Federal Trade Commission (FTC) has begun sending more than $934,000 in refunds to consumers after reaching a settlement with online used car dealer Vroom...

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Carwow Taps Airwallex to Streamline Car Marketplace Payments
Carwow Taps Airwallex to Streamline Car Marketplace Payments
January 09, 2025  |  Partnerships

Payments platform Airwallex is joining forces with British online vehicle marketplace Carwow. Get the Full Story Complete the form to unlock this article and enjoy...

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Carvana Renews Ties With Ally Financial After Hindenburg Report
Carvana Renews Ties With Ally Financial After Hindenburg Report
January 06, 2025  |  eCommerce

Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial. Get the Full Story Complete the form to unlock...

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Carvana Rejects Hindenburg Research Allegations of ‘Accounting Grift’
Carvana Rejects Hindenburg Research Allegations of ‘Accounting Grift’
January 02, 2025  |  Retail

Hindenburg Research said Thursday (Jan. 2) that it has taken a short position in shares of online car dealer Carvana, alleging a “father-son accounting grift”...

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FTC Says Vroom Agrees to $1 Million Settlement
FTC Says Vroom Agrees to $1 Million Settlement
July 02, 2024  |  Legal

Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million...

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Carvana Lowers Costs, Boosts Customer Satisfaction With Technology
Carvana Lowers Costs, Boosts Customer Satisfaction With Technology
February 22, 2024  |  Retail

Technological solutions are driving cost reductions and higher customer satisfaction at Carvana. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Carvana Reports Expense Reduction and Efficiency Improvement in Uncertain Environment
Carvana Reports Expense Reduction and Efficiency Improvement in Uncertain Environment
November 02, 2023  |  Earnings

Carvana made progress in reducing expenses and improving efficiency during the third quarter, leading to record third-quarter levels of adjusted EBITDA and gross profit per unit...

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Carvana Brings Same-Day Delivery to North Carolina 
Carvana Brings Same-Day Delivery to North Carolina 
August 30, 2023  |  Retail

For the third time this month, Carvana is expanding its same-day delivery program. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes Plummet
Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes Plummet
May 10, 2023  |  eCommerce

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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