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Online Car Sales

All articles tagged with #online car sales

business1 year ago

Amazon Expands to Car Sales with Hyundai Partnership

Amazon has entered the car-selling business by partnering with Hyundai to offer vehicles directly to consumers online in 48 U.S. cities. Through the Amazon Autos program, shoppers can browse local dealer inventories, receive upfront pricing, and get trade-in evaluations. The service currently focuses on new vehicles, with plans to expand to other manufacturers and regions. This move allows Amazon to tap into the lucrative car financing market while providing a more streamlined online car buying experience, potentially reducing the traditional dealership's role.

via Gizmodo|
#amazon#business#car-dealerships
business1 year ago

Amazon Launches Online Car Sales with Hyundai in 48 Cities

Amazon has launched Amazon Autos, an online platform for buying new cars, starting with Hyundai vehicles in 48 U.S. cities. The service allows customers to search for cars, secure financing, and complete purchases online, with local dealerships handling the sales. Amazon plans to expand to more cities and manufacturers in 2025, offering transparent pricing and eliminating negotiation. This move positions Amazon in the competitive online car sales market, which is largely dominated by used car sellers.

via TechCrunch|
#amazon#automotive-industry#business
business2 years ago

Vroom, Online Used Car Seller, to Cease Operations and Liquidate Inventory

Vroom, a major online used car seller, has announced the suspension of its online car transactions and plans to liquidate its inventory due to mounting losses and a struggling used car market. The company's financial situation has rapidly worsened, with a significant decrease in online sales and profit per vehicle. This development raises questions about the viability of online used car sales and the challenges of selling used cars without customers being able to physically inspect them.

via The Drive|
#automotive-industry#business#financial-struggles
technology2 years ago

Amazon and Hyundai Team Up to Revolutionize Car Sales Online

Hyundai has announced a partnership with Amazon to sell its vehicles on the ecommerce platform starting in 2024, allowing customers to have their new cars delivered or pick them up at a local dealership. This move reflects the increasing trend of online car sales, which gained momentum during the pandemic. In other tech news, Sonos plans to release a new product in the second half of next year, potentially entering the headphone market. Inventor Simone Giertz has created a clever solution for small closets with her Coat Hinger, a metal coat hanger that folds in on itself to save space. Lastly, WIRED's latest cover story features the creators of the Mirai malware tool, which caused a massive denial-of-service attack in 2016.

via WIRED|
#amazon#hyundai#online-car-sales
business2 years ago

Amazon and Hyundai team up for online car sales

Amazon has announced a partnership with Hyundai to sell the automaker's vehicles online starting in 2024. Customers will be able to search for available vehicles on Amazon, select their desired model, trim, and color, and complete the purchase online with their preferred payment and financing options. The collaboration will also involve Hyundai naming Amazon Web Services (AWS) as its preferred cloud provider and integrating Alexa into its next-generation vehicles. Additionally, Hyundai will migrate its current on-premises applications to AWS as part of a new cloud-first technology strategy.

via Fox Business|
#amazon#business#digital-transformation
finance2 years ago

Carvana's Q3 Earnings Surprise Sends Stock Soaring

Carvana's stock (CVNA) surged by 12% after the online used car platform reported a surprise adjusted profit in the last quarter, despite a decline in the number of units sold compared to the previous year. The company's adjusted earnings per share were $3.60, beating estimates for a loss of $0.78. Carvana's total gross profit per unit increased by 70% year over year to a record $5,952. However, analysts maintained a Neutral rating on the stock and lowered their price target due to lower unit sales. Carvana has been focused on achieving profitability, leading to layoffs and cost-cutting measures.

via Yahoo Finance|
#carvana#earnings#finance
automotive2 years ago

"Online Car Shopping: Discovering the Coolest Rides, from Nissan Skyline GT-R to Blackwater Grizzly MRAP"

This article highlights a selection of unique and interesting cars found for sale online, including a Nissan Skyline GT-R with Top Secret parts, a Yamaha motorcycle with oversized turn signals, an armored personnel carrier, a restored Triumph TR6, and a modified Plymouth Duster. The author also expresses their love for old British roadsters, rally-ready Porsche 944s, turbocharged Toyota MR2s, and messed-up buses.

via Jalopnik|
#automotive#blackwater-grizzly-mrap#dopest-cars