CarMax’s digital capabilities now support over 80% of its used car sales, executives said Thursday (April 10) during a quarterly earnings call. The user car retailer and auto finance company saw increases in both omnichannel and online retail sales during the fourth quarter, which ended...
This week will bring new 25% tariffs on auto imports, a change that could shake the car industry. As Bloomberg News reported Saturday (March 29), these new levies — which will first be focused on assembled vehicles but could eventually include car components — could...
Carmaker Stellantis wants you to be able to watch movies when behind the wheel. To that end, the company on Thursday (Feb. 20) announced the launch of STLA Autodrive, its home-built automated driving system that lets motorists reduce their workload in stop-and-go traffic, allowing for automated driving at speeds of up...
Elon Musk is reportedly sending his Department of Government Efficiency (DOGE) to access the federal government’s central accounting system. DOGE will head to Parkersburg, West Virginia, in the coming days, and will have read-only access to the system, Bloomberg News reported Saturday (Feb. 8), citing...
April 16, 2025
As earnings season kicked off last week, JPMorgan’s CFO Jeremy Barnum said on the conference call with analysts that consumers had been front-loading their spending ahead of anticipated price increases from tariffs. That scramble to buy goods showed up in the latest data on retails sales for March, capturing a surge that notched the highest […]
December 19, 2024
It seems as if consumers can buy just about anything from Amazon. Now, you can add cars to that list. Can Amazon Autos become a go-to destination for car buyers,...
September 23, 2024
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and...
February 11, 2021
Subscriptions in the world of cars has had some trouble getting into gear. In 2018, both Audi and BMW announced subscription programs that would allow consumers to pay a monthly...
April 10, 2025
CarMax’s digital capabilities now support over 80% of its used car sales, executives said Thursday (April 10) during a quarterly earnings call. The user car retailer and auto finance company saw increases in both omnichannel and online retail sales during the fourth quarter, which ended Feb. 28, they said. “We are proud to offer customers […]
March 30, 2025
This week will bring new 25% tariffs on auto imports, a change that could shake the car industry. As Bloomberg News reported Saturday (March 29), these new levies — which...
February 20, 2025
Carmaker Stellantis wants you to be able to watch movies when behind the wheel. To that end, the company on Thursday (Feb. 20) announced the launch of STLA Autodrive, its home-built automated driving system that lets...
February 09, 2025
Elon Musk is reportedly sending his Department of Government Efficiency (DOGE) to access the federal government’s central accounting system. DOGE will head to Parkersburg, West Virginia, in the coming days,...
