Tag: used cars online

CarMax fights used car inflation with digital shopping

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Used-car retailer CarMax is continuing to fight against a consumer market that was destabilized during the pandemic and has yet to reach equilibrium, mirrored by high prices and slower sales activity.The company told investors Tuesday that it would continue to weather the storm and that it has been pushing to increase sales activity with a shift toward offering online help for shopping and lending.The company saw declines across a number of major financial categories for the fiscal year that ended on Feb. 28. It posted net revenue of $29.7 billion, representing a 6.9 percent decrease over the previous…
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Ola partners with Dbest Cars to dispose of over 5,000 used cars

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By: HT AutoDesk | Updated on: Jan 25, 2023, 10:24 AMOla Fleet Technologies has partnered with Dbest Cars India to dispose of its used commercial fleet vehicles in a deal worth over ₹125 crores. The company is undertaking the process to dispose of over 5,000 used commercial cars because the existing fleet is now obsolete. Thanks to the introduction of regulatory changes such as BS6 emission norms and scrappage policies, an ecosystem has been created for utilization and demand for used cars in India.File photo of Ola cab used for representational purpose onlyWith increasing motorization rates, lower…
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