Source: en.wikipedia.org
Carvana expects to return to profitability in this quarter after cutting costs. The used car retailer expects to achieve positive adjusted earnings before interest, taxes,...
British online auto marketplace Cazoo said an intense focus on improving unit economics as well as restructuring activities which saw it ditch its other European...
Automakers are under increased pressure to discount their cars as higher borrowing costs make consumers nervous. As The Financial Times reported Sunday (April 2), data...
After a crushing Q4 in which the country’s second-largest seller of used cars saw its unit sales and revenue drop more than 20%, Carvana said...
Inflation and an uptick in new vehicle production have dampened the market for used cars. That’s according to a report late Monday (Jan. 30) from...
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...
Car dealers are closing 2022 in a gloomy mood as U.S. consumers shun big-ticket purchases. A new survey by Cox Automotive Dealers finds that U.S....
Whatever happens, Carvana’s downward spiral shows there’s no easy path to forging the connected economy. Wednesday, the stock in the beleaguered online car firm plummeted...
Carvana is making changes to its staff in response to a growing trend of Big Tech and eCommerce businesses reevaluating their revenues, as well as...