automotive

Group 1 Shows Car Sales up but Margins Down as Inventory Recovers
Group 1 Shows Car Sales up but Margins Down as Inventory Recovers
January 25, 2023  |  Retail

Group 1 Automotive’s latest earnings results show consumers are still buying new and used cars but are getting better deals. The automotive retailer with 204...

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CarMax Expands Deployment of AI-Powered Vehicle Inspection Systems
CarMax Expands Deployment of AI-Powered Vehicle Inspection Systems
January 24, 2023  |  Artificial Intelligence

CarMax is rolling out artificial intelligence (AI)-powered vehicle inspection systems across its wholesale business. The used car retailer has partnered with AI technology company UVeye...

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Auto Hauler Exchange Launches B2B Marketplace for Vehicle Logistics Industry
Auto Hauler Exchange Launches B2B Marketplace for Vehicle Logistics Industry
January 24, 2023  |  B2B Payments

Auto Hauler Exchange (AHX) has launched an online B2B marketplace for the vehicle logistics industry. The digital marketplace connects vehicle haulers across the United States...

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Upstart Offers Tools to Promote ‘Omnichannel Car Buying’
Upstart Offers Tools to Promote ‘Omnichannel Car Buying’
January 19, 2023  |  Retail

Upstart is updating its auto retail platform to help dealers offer a simpler buying experience. The artificial intelligence (AI) lending marketplace announced the new applications...

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Self-Serve Finance Marketplace Helps Buyers Find Cars They Can Actually Afford
Self-Serve Finance Marketplace Helps Buyers Find Cars They Can Actually Afford
January 18, 2023  |  Partnerships

AutoFi and Santander Consumer USA plan to launch a finance-based auto shopping marketplace this spring. The online, direct-to-consumer (D2C) marketplace will use a soft credit...

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Cazoo Targets Higher Margins as Used Car Market Shrinks
Cazoo Targets Higher Margins as Used Car Market Shrinks
January 18, 2023  |  Earnings

Cazoo has revealed plans to shake up its U.K. business. In a Wednesday (Jan. 18) earnings statement, the online auto seller announced a revised strategic...

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BurgerFi Uses in-Car Payments to Feed Fleet Sales
BurgerFi Uses in-Car Payments to Feed Fleet Sales
January 16, 2023  |  Connected Economy

With the emergence of in-vehicle ordering, restaurants have the opportunity to drive large-scale B2B sales. In an interview with PYMNTS, Karl Goodhew, chief technology officer...

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Carvana Cuts More Jobs After Eliminating 4K in 2022
Carvana Cuts More Jobs After Eliminating 4K in 2022
January 13, 2023  |  Retail

Carvana is reportedly cutting more staff as the used car market continues to downshift. The online used car retailer is both cutting jobs and reducing...

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Porsche Reportedly Considering Google Connected Car Deal
Porsche Reportedly Considering Google Connected Car Deal
January 12, 2023  |  Technology

Carmaker Porsche is reportedly considering integrating Google software into its vehicles. The deal would let Porsche drivers access applications such as Google Maps without having...

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