Sales & Marketing
Rental companies step up remarketing activity
Car rental companies are increasing their remarketing activities at auction and have pulled back on wholesale purchases even as OEM...
Toyota Financial Services’ subvented financing rates pick up
Subvented rates at Toyota Financial Services (TFS) picked up in the U.S. market in the third quarter amid the Federal...
Dealer sentiment reaches lowest point since pandemic’s start
U.S. auto dealers are primarily concerned with rising interest rates and deteriorating economic conditions, leaving them with a dim outlook...
Carvana website traffic declines 17% in November
Consumer interest in Carvana’s offering has declined as inflationary pressures push down consumer confidence and the automotive retailer struggles with...
Carvana financing volume drops 24% in Oct.
Financing volume at Carvana dropped for the sixth straight month in October as rising interest rates, record inflation and high...
Ritchie Bros to buy auto retailer IAA in $6.2B deal
Canada’s Ritchie Bros. Auctioneers Inc. agreed to buy US auto retailer IAA Inc. in a cash and stock transaction worth...
GM tops rival automakers in car sales as supply crunch eases
General Motors Co. made big sales gains in the second quarter in a sign the semiconductor shortage is easing, but...
Europe car sales return to growth after painful year of declines
Europe’s new-car market returned to growth in August for the first gain in 13 months, though the respite may be...
