automotive

AI Explained: Computer Vision
AI Explained: Computer Vision
May 28, 2024  |  artificial intelligence

Picture this: a world where cars drive themselves, shopping is as simple as grabbing and going, and medical diagnoses are made with superhuman precision. This...

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Automakers Offer Discounts as Inventories Rise to Pre-Pandemic Levels
Automakers Offer Discounts as Inventories Rise to Pre-Pandemic Levels
May 23, 2024  |  Retail

The U.S. car market is reportedly experiencing a surge in inventory levels, prompting automakers to offer significant discounts on their vehicles for the first time...

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AI Money: Earnings Reports Show a Tech Firm Bonanza
AI Money: Earnings Reports Show a Tech Firm Bonanza
May 16, 2024  |  artificial intelligence

Tech companies are cashing in on the artificial intelligence (AI) boom, with first-quarter results showing surging demand for everything from voice assistants to cloud computing....

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Auto1 Ups Its AI Focus as Car-Sale Profits Jump 23%
Auto1 Ups Its AI Focus as Car-Sale Profits Jump 23%
May 08, 2024  |  Earnings

European used car platform Auto1 is deepening its artificial intelligence (AI) focus amid record profits. The company on Wednesday (May 8) reported quarterly earnings showing...

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Gen Z Car Buyers Shop Digitally but Complete Purchases in Person
Gen Z Car Buyers Shop Digitally but Complete Purchases in Person
May 02, 2024  |  Retail

Consumers — especially younger generations — are conducting more and more purchases digitally, but especially for high-consideration, large-ticket items such as cars, many shoppers are...

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Odessa Launches Originations Platform, Plans Auto Finance Suite
Odessa Launches Originations Platform, Plans Auto Finance Suite
April 24, 2024  |  Loans

Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto...

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Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
April 18, 2024  |  Transportation

Economic challenges or no, consumers still need to get where they are going, and many are now opting for secondhand sellers when buying vehicles, unable...

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ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
April 10, 2024  |  Faster Payments

ServiceUp added an expedited payment processing feature to its auto repair shop management platform. The new InstaPay feature ensures that auto repair shops receive their money...

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Robomart CEO: Autonomous Technology Will Speed the Rise of ‘Mobile Retail’
Robomart CEO: Autonomous Technology Will Speed the Rise of ‘Mobile Retail’
April 09, 2024  |  Retail

As self-driving technology comes closer into view, Robomart sees mobile stores as a key retail channel going forward. The company, which provides hail-able mobile shops for retailers,...

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