Auto Supply Blog

When online used vehicle retailer Vroom announced in late January it was ceasing online sales and liquidating inventory, the company became the latest “disruptor” to acknowledge that the car business is more complicated than previously thought.

Hertz Global Holdings had announced that it would sell one-third of its electric vehicle (EV) fleet due to limited customer demand and the underestimated cost of maintaining EVs. The company had aimed to make up 25 percent of its vehicle inventory with EVs by the end of this year, but that goal has changed. The move will result in 20,000 used EVs hitting the market...

This past Tuesday, Bloomberg Wire Service broke the news that after nearly a decade, Apple Chief Operating Officer Jeff Williams and Vice President Kevin Lynch announced the company was officially abandoning its quest to dip its toe into the world of auto manufacturing by producing an autonomous, electric vehicle.