For the online car platforms, the path towards profitability is a bumpy one … … and the macro pressures are hardly in the rearview mirror....
There are plenty of bumps in the road for auto sales. Inventory is improving but is still constrained, and inflation continues to keep car prices...
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...
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...
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...
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...
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...
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...