Amazon plans to start helping dealers sell used cars as well as new ones, according to Fan Jin, director and general manager of Amazon Autos. Speaking on the Tuesday (March 18) episode of the Automotive News Daily Drive podcast, Jin said that adding used inventory for dealers is “really...
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. The refunds will compensate consumers who bought cars and were harmed Vroom’s alleged violations of the law, which...
Consumer preferences are moving toward digital experiences in the online car marketplace, and Carvana and CarGurus are leveraging technology and artificial intelligence (AI) to improve the buying process. Both companies reported strong performances in 2024, using digital tools to optimize customer engagement and refine their...
As CarMax adapts to a shifting automotive landscape, the company is focused on improving the customer experience to maintain its leadership as the nation’s largest used car dealer. Despite a 12.7% decrease in wholesale sales (where vehicles are auctioned off to auto dealers), CarMax on...
March 21, 2025
Tariff pressures are squeezing the retail and eCommerce sectors. What are the two behemoths dominating the space, Walmart and Amazon, doing in response? The answer, according to the news this week, is doubling down on technology to enhance operational efficiency and making calculated moves to capture new markets in the face of ongoing uncertainty. Artificial […]
March 19, 2025
Amazon plans to start helping dealers sell used cars as well as new ones, according to Fan Jin, director and general manager of Amazon Autos. Speaking on the Tuesday (March 18) episode of the Automotive News Daily Drive podcast, Jin said that adding used inventory for dealers is “really our next biggest milestone here.” Amazon wants to make sure […]
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. The refunds will...
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,...
