car sales

Mitsubishi Launches Digital Retail Program as Auto Manufacturers Tap Omnichannel Tech
Mitsubishi Launches Digital Retail Program as Auto Manufacturers Tap Omnichannel Tech
February 05, 2024  |  Retail

As the process of making large-ticket purchases becomes increasingly digital across industries, Mitsubishi Motors has announced a new digital retail program. Mitsubishi Motors North America,...

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Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
Carvana Reports Turnaround After Cutting Costs With Layoffs, Adding AI Tools
February 02, 2024  |  Business

Online used car firm Carvana has reportedly turned around its operations and debt over the past 18 months, lifting its stock price from $5 to...

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Carmakers Could Face Bumpy Road in 2024 Following Sales Rebound
Carmakers Could Face Bumpy Road in 2024 Following Sales Rebound
January 03, 2024  |  Economy

Automakers enjoyed a resurgence in sales in 2023, but 2024 might be a different story. With major car companies due to report year-end sales figures...

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New Car Sales Expected to Reach Highest Level Since 2019 
New Car Sales Expected to Reach Highest Level Since 2019 
December 21, 2023  |  Transportation

The automotive industry in the United States is reportedly set to experience a slight increase in new car sales in 2024.  Industry analysts’ projections indicate...

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Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
Auto Dealers See Consumers’ EV Enthusiasm Lose Its Spark
December 10, 2023  |  Retail

At auto dealerships around the country, electric cars have reportedly become a hard sell. Consumers are worried about the price, range and reliability of these vehicles,...

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Amazon Puts Alexa in the Driver’s Seat, Walmart Revs Up Package Delivery
Amazon Puts Alexa in the Driver’s Seat, Walmart Revs Up Package Delivery
November 24, 2023  |  Retail

Amazon and Walmart are revving up their engines with initiatives set to hit consumers by the year’s end or the start of 2024. The projects...

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BMW Tapping D2C as Auto Companies Turn to Omnichannel
BMW Tapping D2C as Auto Companies Turn to Omnichannel
October 19, 2023  |  eCommerce

BMW Group is dipping its toe in the water with direct-to-consumer (D2C) sales, beginning with its Mini brand, as the auto industry increasingly integrates eCommerce....

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Car Sales Climb as Drivers Finally Retire Older Vehicles
Car Sales Climb as Drivers Finally Retire Older Vehicles
October 02, 2023  |  Economy

American consumers may not want new cars, but they apparently need them. As Bloomberg News reported Monday (Oct. 2), car buyers are visiting dealerships “out of sheer...

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CarMax Reports Shoppers ‘Staying on Sidelines’ Amid High Interest Rates
CarMax Reports Shoppers ‘Staying on Sidelines’ Amid High Interest Rates
September 28, 2023  |  Economy

Some would-be car buyers are putting off purchases due to higher interest rates, according to used auto retailer CarMax. They are “staying on the sidelines”...

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