Category: Finance

People are obsessed with buying cars through Costco instead of on their own at a dealership — here’s the verdict

The Costco Auto Program is available only to Costco members.Ted S. Warren / AP The Costco Auto Program allows Costco members to buy discounted cars through participating dealerships. The program makes a lot of the hardest parts of buying a car — like research and negotiation — easier. But it also limits the customer’s… Read more »

Cox Automotive debuts Accelerate digital retail platform

Just over a month ago, Autotrader announced a revamp of the car-shopping site that, among other upgrades, would include online deal-making. That piece of the revamp would essentially allow consumers to start the buying process online through Autotrader and help transition them “from searching to buying when they are ready.” That project took a… Read more »

How Supply Chain Finance Can Fund the Future of Automotive

“The future of the automotive industry has arrived. Electric vehicles and autonomous driving are fundamentally changing the business models and supply chains of automotive OEMs – and that’s putting many automotive companies in a tough position. How can they profitably meet the demands of today’s consumers while investing heavily in… Read more »

Cars.com buys Dealer Inspire, Launch Digital Marketing for $165M

Cars.com announced last week it has agreed to purchase Dealer Inspire and Launch Digital Marketing, which are privately held companies providing digital solutions to dealers — including digital retailing, among many other services. The deal is worth $165 million upon closing plus “additional consideration based on future performance,” Cars.com said… Read more »