New vehicles at a near-empty lot at a Jeep dealership in Littleton, Colo. in July 2021. (AP Photo/David Zalubowski) Soaring car prices have set off a battle between automakers and independent dealers, with consumers routinely paying hundreds, often thousands, more than the listed price amid a protracted vehicle shortage. Ford […]
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Will you preorder your next car online, and maybe even buy it fully digitally? Caiaimage/Martin Barraud For decades, American car sales have followed a script: Hopeful buyers head to their local dealership, stroll the aisles and aisles of shiny new sheetmetal, test-drive a couple of models, sign on the dotted […]
NEW YORK, Nov. 29, 2021 /PRNewswire/ — The automotive aftermarket market is set to grow by USD 211.53 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 4.39% according to the latest report by Technavio. To know the exact growth variance and the Y-O-Y […]
Published: Nov. 9, 2021 at 6:30 AM CST|Updated: 10 hours ago CHICAGO, Nov. 9, 2021 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“CARS” or the “Company”), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, has closed the acquisition of CreditIQ, announced last week. CreditIQ is a […]
CHICAGO, Nov. 4, 2021 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“CARS” or the “Company”), a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions, announces it has signed a definitive agreement to acquire CreditIQ, a cutting edge automotive fintech platform that provides instant online loan screening and […]
Buying a new car can be both an exciting and stressful endeavor. From learning about all the different vehicles available on the market to negotiating with fast-talking salespeople, the decision-making process about what car is best for you takes more than a little bit of time, attention, and effort. And […]
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The rise of the internet and online shopping seemed to signal the ignoble end to the ubiquitous car dealership in the 1990s. Those gloomy predictions from industry watchers turned out to be wrong; consumers continued to flock to dealerships, which largely carried on despite the critics. Then the COVID-19 pandemic […]