online car sales

CarGurus, Vroom Show Connected Car’s Journey Starts at Point of Sale
CarGurus, Vroom Show Connected Car’s Journey Starts at Point of Sale
March 01, 2023  |  Earnings

There are plenty of bumps in the road for auto sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Pure-Play Auto Retailers Leverage Immersive VR Car-Buying Experiences to Attract Buyers
Pure-Play Auto Retailers Leverage Immersive VR Car-Buying Experiences to Attract Buyers
November 21, 2022  |  Merchant Innovation

Considering that the Egyptian pound has lost nearly a quarter of its value against the greenback since the beginning of 2022, while the country’s car...

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Cazoo ‘Laser-Focused on Profitability’ as Shares Surge Nearly 200% Post Upbeat Q2 Results
Cazoo ‘Laser-Focused on Profitability’ as Shares Surge Nearly 200% Post Upbeat Q2 Results
August 02, 2022  |  eCommerce

Investors’ tendency to slash the valuations of unprofitable businesses when the macroeconomic winds aren’t blowing their way is understandable. But for companies that are feeling...

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Carvana to Cut 2,500 Workers
Carvana to Cut 2,500 Workers
May 10, 2022  |  Personnel

Online car dealer Carvana will be laying off 12% of its workforce after closing a deal to expand operations, a report from The Wall Street...

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AUTO1 Group Raises $300M To Ramp Up Retail Platform
AUTO1 Group Raises $300M To Ramp Up Retail Platform
July 30, 2020  |  Investments

Berlin-based AUTO1 Group said on Thursday (July 30) it has raised $300 million from investors and plans to put the new funding toward developing its...

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Automotive Recovery Depends On Digital 3.0
Automotive Recovery Depends On Digital 3.0
July 14, 2020  |  Retail

As predicted by the PYMNTS COVID-19 Tracker project, the automotive business will need to shift to Digital 3.0 for any kind of post-pandemic recovery. That...

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Car Talk: Shift Announces Plans To Go Public
Car Talk: Shift Announces Plans To Go Public
June 29, 2020  |  Retail

The automotive evolution to Digital 3.0 revved a little higher Monday (June 29) as online car sales platform Shift announced it will go public in...

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Are Digital Auto Sales The Shape Of The Future Or Just A Temporary Detour?
Are Digital Auto Sales The Shape Of The Future Or Just A Temporary Detour?
June 15, 2020  |  Retail

As the global pandemic closed U.S. businesses nationwide, car dealerships found themselves facing a crisis because consumers could no longer stop by the showroom for...

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Online Auto Rides Unlikely Wave Of Success
Online Auto Rides Unlikely Wave Of Success
June 10, 2020  |  Retail

With Vroom motoring its way to a high-valuation IPO, it’s a good time to take stock of how a digital model for buying cars survived...

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