The age of COVID-initiated supply shortages at car dealers is over. And that’s placed pressure on carmakers and dealers to price their unsold wares more aggressively, The Wall Street Journal (WSJ) reported Sunday (Dec. 29). During this month’s hectic shopping season, car buyers got —...
As automotive retailers bounce back from the cyberattack on leading tech provider CDK Global, their financial results are murky for the period impacted by the incident, prompting challenge maintaining investor confidence. Automotive services and technology company Cox Automotive highlighted the impact of the hack, which...
Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and that will probably bode well,” Carvana CEO Ernest Garcia III told reporters Tuesday (May 14) at an Automotive Press Association event...
European used car platform Auto1 is deepening its artificial intelligence (AI) focus amid record profits. The company on Wednesday (May 8) reported quarterly earnings showing $175 million in gross profits, a 23% increase year over year. While discussing this milestone on the company’s earnings call,...
April 29, 2021
Americans have always had a love affair with the car, which was first coined in 1961 as part of a television series designed to intensify that passion. The last 12-plus months have seen that love affair grow stronger still, as consumers, en masse, left the cities, public transportation and ride-hailing services behind. Work for home and the […]
April 20, 2020
In the world of the coronavirus pandemic, good news is a relative concept. For example, a recent round of headlines touted “stronger than expected auto sales” in the U.S. during...
March 11, 2025
American car buyers are reportedly speeding up their shopping due to tariff worries. As Reuters reported Tuesday (March 11), car dealers have an average three-month supply of vehicles, and car companies have so far gotten two reprieves on tariffs since President Donald Trump said they would go into effect. Still, the report added, uncertainly has consumers scrambling. […]
December 29, 2024
The age of COVID-initiated supply shortages at car dealers is over. And that’s placed pressure on carmakers and dealers to price their unsold wares more aggressively, The Wall Street Journal...
May 14, 2024
Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and that will probably bode well,”...
May 08, 2024
European used car platform Auto1 is deepening its artificial intelligence (AI) focus amid record profits. The company on Wednesday (May 8) reported quarterly earnings showing $175 million in gross profits,...
