Want to buy a new car online? You almost can - through a dealer
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
THE car dealer - around for more than a century and viewed almost as negatively as members of the US Congress - looked like a ripe target for disruption when retailing moved online. Now that startups have tried and failed to beat the car salesman, many are taking a different route: catering to them.
After watching predecessors such as TrueCar Inc and Ford Motor Co stumble in their attempts to bring more Amazon-like e-commerce to car shopping, a new wave of vehicle finance upstarts has emerged. Rather than fight a dispersed and politically- connected dealer industry, they're bringing the US's 17,000 new-car dealers into the digital age, meaning consumers aren't going to be bypassing the dealership to buy new rides anytime soon.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result