automotive

Payments Become Standard Feature in Cars as OEMs Embrace Commerce
Payments Become Standard Feature in Cars as OEMs Embrace Commerce
March 07, 2023  |  Commerce Connected

The connected economy — and specifically, connected commerce — is just getting revved up. And we mean that literally. A spate of recent partnerships and...

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Car Dealers See Increase in ‘Upside Down’ Trade-Ins
Car Dealers See Increase in ‘Upside Down’ Trade-Ins
March 01, 2023  |  Loans

America’s auto debt hole is reportedly getting deeper for car buyers. A report Wednesday (March 1) by Bloomberg News finds that the auto industry is...

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Advance Auto Parts Fights Headwinds to End Q4 on Slightly Better Footing
Advance Auto Parts Fights Headwinds to End Q4 on Slightly Better Footing
February 28, 2023  |  Earnings

As inventory and supply chain issues slowly dissipate, aftermarket auto parts retailer Advance Auto Parts showed incremental growth at the end of 2022. Reporting Q4...

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AutoZone Same-Store Sales Rise 5.3% in Fiscal Q2 2023
AutoZone Same-Store Sales Rise 5.3% in Fiscal Q2 2023
February 28, 2023  |  Earnings

As the automotive market sorts itself out, aftermarket category leader AutoZone is seeing strength in its business as consumers keep older cars on the road...

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AutoNation Expansion of Services, Finance, Transportation Drive Record Q4
AutoNation Expansion of Services, Finance, Transportation Drive Record Q4
February 17, 2023  |  Earnings

AutoNation’s growing portfolio of services is driving record results. The automotive retailer said in a Friday (Feb. 17) earnings release that it earned record revenue...

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Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales
February 15, 2023  |  Retail

Sonic Automotive said last year’s investment in omnichannel used car stores has paid off. The auto retailer’s latest earnings report showed that its EchoPark preowned...

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Luxury Auto Sales Hit Record Despite High Rates and Prices
Luxury Auto Sales Hit Record Despite High Rates and Prices
February 13, 2023  |  Retail

Luxury brands are thriving in the automotive world as they are in other retail categories. Automotive luxury brands accounted for a record 19.6% share of...

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Augmented Reality Helps German Automakers Drive Future of Connected Vehicles
Augmented Reality Helps German Automakers Drive Future of Connected Vehicles
February 09, 2023  |  Connected Economy

The latest concept cars from BMW and Audi look to the future of in-car displays. Concept cars have long been a way for vehicle makers...

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Open Lending Looks to Meet Demand for Older Cars
Open Lending Looks to Meet Demand for Older Cars
February 09, 2023  |  Loans

Open Lending is expanding its car financing program to meet a demand for older vehicles. The Austin-based lending platform, which facilitates car loans, announced Thursday...

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