Home About

TL;DR CNBC


Amazon wants to shape the future of car-buying. Dealers are skeptical - TL;DR CNBC

Amazon wants to shape the future of car-buying. Dealers are skeptical

Publishing timestamp: 2024-01-23 11:00:02


Summary

Amazon is piloting a program to allow a small number of Hyundai dealers to sell vehicles through their platform to employees. While online car buying is still a small portion of overall sales, Amazon's entry into the market is being watched by dealers. Some are skeptical, but others believe Amazon's technology and resources could make a difference.


Sentiment: NEUTRAL

Tickers: GPI,  SAH,  CVNA,  LAD,  AMZN,  RIVN,  KMX,  AN,  PAG,  HYU-FF,  ABG,  TSLA,  .FKRX300, 

Keywords: rivian automotive inc,  tesla inc,  carmax inc,  hyundai motor co,  group 1 automotive inc,  breaking news: business,  autonation inc,  united states,  business news,  carvana co,  technology,  autos,  lithia motors inc,  transportation,  asbury automotive group inc,  breaking news: technology,  amazon.com inc,  video first,  penske automotive group inc,  sonic automotive inc, 

Source: https://www.cnbc.com/2024/01/23/amazon-car-buying-seeks-to-reshape-dealerships.html


Developed by Leo Phan