Tag: vehicle sales
CarMax joins Carvana in 2022 used vehicle woes as profits fall...
CarMax has announced cuts to hiring and stock buybacks in an effort to recoup from a devastating third quarter.
The company suffered an 86% profit...
Carvana hit hard by economic headwinds
In a short amount of time, Carvana went from being a startup to being the second-largest used automobile seller in the United States. However,...
How this Wis. dealership is leveraging 8M+ views on TikTok to...
A dealership in Milwaukee is gaining popularity and quite a following on the social platform, TikTok. Audi Milwaukee, as they are also known on...
Why eCommerce is here to stay post-pandemic
In 2020 dealers across the country were forced to massively adapt the way they serve their customers. With the rise in safety measures, lockdowns,...
Facing Dealership Staffing Challenges – Shari Sandidge, Miller Buick-GMC
According to hiring and talent management platform Hireology, dealers terminated or furloughed about 300,000 employees during the initial months of the U.S. coronavirus outbreak,...
Consumer Sentiment in Auto Industry Improves in May, But Still Less...
The second half of the month of May demonstrated that the auto industry is moving toward a smooth recovery, according to the Auto Market...
Vehicle Sales Especially Trucks Stronger than Expected
When the March sales figures were released, the alarm bells sounded across the automotive industry. March new vehicle sales contributed to an overall quarterly...
Why Some Auto Manufacturers are Sticking with Sedans While Others Turn...
It’s no secret that some titans of the Auto Manufacturers are switching focus away from cars and towards trucks, SUVs, and crossovers. Earlier this year,...
Tesla’s Q3 Delivers, But Can They Sustain This Pace?
Despite CEO Elon Musk having quite a bit of legal trouble lately, Tesla has released some good news - the company’s delivery number for...
Tariffs or Technology: What Will Have the Biggest Impact on Retail...
Steve Finlay, Editor of WardsAuto joins Jim Fitzpatrick in a great discussion about the current effect import tariffs and technology are having on the...
