Month: February 2021

2 Reasons Carvana Stock Jumped 11% Friday

What happened

Shares of Carvana (NYSE:CVNA), an online car buying and financing platform, jumped 11% Friday morning after the market digested a solid fourth-quarter result and a strong upgrade from Morgan Stanley analyst Adam Jonas.

So what

Carvana has been no stranger to impressive growth figures in recent years, and the fourth quarter — amid a pandemic that accelerated Carvana’s buy-online approach with consumers — was no different. Retail units sold jumped 43%, compared to the prior year, which helped drive revenue up 65% to $1.83 billion. Total gross profit jumped 71% thanks to a continued focus on improving gross profit per unit (GPU). In fact, 2020 marked the seventh consecutive year of $400 GPU improvement. For context, total GPU during the fourth quarter reached $3,379. Carvana’s growth and network expansion hasn’t come cheap, and the company’s net loss increased from $126 million in the prior year

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Electrical Automotive

Transport infrastructure consists of the fastened installations, together with roads , railways , airways , waterways , canals and pipelines and terminals such as airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (together with fueling docks and gasoline stations ) and seaports Terminals may be used each for interchange of passengers and cargo and for maintenance. In January 1905, the company placed small advertisements within the Automobile and Cycle Commerce Journal providing naked Harley-Davidson engines to the do-it-yourself commerce. By April, they have been producing full motorcycles on a really restricted basis. That yr, Harley-Davidson vendor Carl H. Lang of Chicago bought three bikes from the five constructed in the Davidson yard shed. Years later, the corporate moved the unique shed to the Juneau Avenue factory where it stood for a lot of many years as a tribute.

As soon as remaining meeting is … Read More

Car Buyers Move Online To Eliminate The Dealer Jerk-Around, Buyer Satisfaction Climbs to an All-Time High


PHOTO (select to view enlarged photo)
Look How Happy He Is

Editor’s Note: Now what does this say about historic dealer antics…hmmm

Atlanta, Jan. 25, 2021 – There was a time when consumers rated the car-buying process roughly on par with a stubborn root canal. But those days are passing into the rearview mirror now, as auto dealers move more steps of the retail process online resulting in consumer satisfaction hitting an all-time high, according to the new Digitization of End-to-End Retailing (DoEER) study by Cox Automotive.

With buyers spending less time at dealerships and benefitting from more efficient, digital retailing processes, those who were “highly satisfied” with the overall shopping experience reached 72%, up from 60% in 2019. The average vehicle buyer now visits only 2 dealerships in the vehicle buying process, down from 2.7 in 2016.

“According to our data, car buyers have never been happier,” notes Cox Automotive Vice President of Research

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‘Black box’ in Tiger Woods Genesis GV80 SUV could reveal crash details

If you own a car made this century, chances are it has a type of black-box recorder that documents what happened in the event of a collision.

The device, known in the automotive industry as an event data recorder, is what authorities could tap as they investigate the nature of Tiger Woods’ horrifying crash Tuesday.

Woods was driving a Genesis GV80 luxury SUV when he careened off the road in a rollover accident that resulted in serious leg injuries for the golf legend. The reasons behind the crash remain unknown, and Los Angeles County Sheriff Alex Villanueva said a traffic investigation could take days or weeks. 

Wednesday in a Facebook Live briefing, Villanueva said the department is not considering charges against Woods.

Was Tiger Woods’ SUV safe?:Genesis GV80 involved in car accident calls attention to brand

Victoria’s Secret store closings:Retailer to close up to 50 stores while

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