Online Car Sales news and trends

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

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 unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

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

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 this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

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

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” at the firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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

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 that would be refunded to consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Interviews & Exclusives
Cazoo ‘Laser-Focused on Profitability’ as Shares Surge Nearly 200% Post Upbeat Q2 Results

August 02, 2022
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 the brunt of investor skittishness, making a solid argument for shareholders not to jump ship in times like this is the only way out of the predicament. Get the Full […]

Quick Reads
FTC Begins Sending Refunds to Car Buyers in Vroom Settlement

March 13, 2025
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 in July. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our […]

Carwow Taps Airwallex to Streamline Car Marketplace Payments

January 09, 2025
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 unlimited free access to all...

Carvana Renews Ties With Ally Financial After Hindenburg Report

January 06, 2025
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 this article and enjoy unlimited...

Carvana Rejects Hindenburg Research Allegations of ‘Accounting Grift’

January 02, 2025
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” at the firm. Get the...