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More Americans are browsing and buying cars from their couch. But here’s what to know before you click-to-finance
Yahoo Finance· 2025-12-19 17:56
Plush, temperature-controlled seating. Ample legroom for a family of four and even your dog. Space for your mugs. Amazon is betting that the couch is the best place to shop for cars — particularly if you’re a busy family. Since launching Amazon Autos a year ago, the online retail juggernaut is keen to expand its reach and selection and is directly appealing to parents to promote the service (1). Must Read At first, you could only buy a new Hyundai on Amazon Autos. By August 2025, dealers could list an ...
Ford turns to Amazon to give used cars sales a boost
TechCrunch· 2025-11-17 20:37
Core Insights - Ford has partnered with Amazon to allow customers to shop for, finance, and purchase certified pre-owned Ford vehicles through Amazon Autos, maintaining the involvement of local dealerships [2][4] - The certified pre-owned vehicles sold via Amazon Autos come with a money-back guarantee, allowing returns within 14 days or 1,000 miles [3] - The initial rollout of Ford vehicles on Amazon Autos will be limited to select markets, including Los Angeles, Seattle, and Dallas [4] Company and Industry Summary - The partnership between Ford and Amazon marks a significant expansion of Amazon Autos, which previously focused on new car sales with Hyundai [1][4] - Customers can browse local dealer inventories directly on Amazon's platform, facilitating a more streamlined purchasing process [2][3] - The integration of financing options and e-signature capabilities on the Amazon Autos site enhances the overall customer experience [3]
Ford Turns to Amazon to Drive Online Used Car Sales
PYMNTS.com· 2025-11-17 19:31
Core Insights - Ford has partnered with Amazon Autos to enhance the accessibility of its used vehicle offerings, allowing customers to search, finance, and purchase Ford Blue Advantage certified pre-owned vehicles through Amazon's platform [2][3] Group 1: Partnership Details - The collaboration enables customers to browse local dealer inventories directly on Amazon's website, complete most paperwork online, and schedule vehicle pickups [2] - Each vehicle in the program is backed by a Ford Blue Advantage warranty, ensuring it has undergone a thorough inspection and includes roadside assistance [3] Group 2: Program Rollout - The program is initially launching in Los Angeles, Seattle, and Dallas, with plans for expansion to additional markets [3] - Amazon's automotive market began in December of the previous year, initially allowing the purchase of new Hyundai vehicles, and has since expanded to include used cars and partnerships with other companies like Hertz [4] Group 3: Industry Trends - The automotive industry is seeing a shift towards omnichannel retailing, as consumers often research vehicles online before visiting dealerships, leading to a fragmented buying experience [5] - Companies like Cox Automotive are developing platforms to create a seamless digital experience that follows consumers throughout their car-buying journey [6]
You can now buy a certified pre-owned Ford on Amazon
Business Insider· 2025-11-17 16:52
Core Points - Ford has partnered with Amazon to allow customers to browse, buy, and complete paperwork for certified pre-owned vehicles on Amazon Autos [1] - The service is currently available in Los Angeles, Seattle, and Dallas, with plans for expansion [2] - Ford offers a 14-day or 1,000-mile money-back guarantee on the vehicles purchased through this platform [2] Company and Industry Summary - Approximately 160-180 local dealers have expressed interest in the program, with around 20 already participating [2] - Amazon facilitates the transaction, while the dealers manage all follow-up processes [3] - Ford's stock decreased by about 1% and Amazon's stock fell by approximately 0.5% following the announcement [3] - This initiative follows a similar deal between Amazon and Hyundai, which included plans to integrate Amazon's Alexa into Hyundai vehicles [3] - In August, Hertz also announced plans to sell pre-owned vehicles on Amazon, starting in four cities [4]
Amazon Autos Adds Financing Options From Chase, Santander and Wells Fargo
PYMNTS.com· 2025-10-07 20:44
Core Insights - Amazon Autos has expanded its financing options by adding Chase, Santander, and Wells Fargo as lenders, enhancing the financial services available to customers [1][2][3] - This initiative allows dealers to offer familiar financial services to Amazon customers, improving the overall shopping experience by providing more insights and options for comparing rates [2][3] - The financing options are currently available for used and certified pre-owned vehicles, with plans to extend these options to new vehicle sales in the near future [3][4] Expansion Plans - Amazon Autos aims to broaden its financing options to include new vehicle sales and to add more lending institutions in the coming months [4] - The Amazon Autos car-buying experience was launched in December 2024, initially allowing customers in 48 U.S. cities to purchase new Hyundai vehicles from local dealers [4][5] - The service has also begun offering used vehicles, starting with Hyundai dealers in Los Angeles, and plans to expand to additional brands and cities [5] Partnerships - Amazon has partnered with Hertz Car Sales to enable customers to search for, finance, and purchase pre-owned vehicles, marking Hertz as Amazon Auto's first fleet dealer [6] - This collaboration began in four cities, with intentions to expand to Hertz's 45 locations nationwide [6]
What Are Hertz and Amazon Up to Right Now?
The Motley Fool· 2025-08-28 07:55
Core Viewpoint - The partnership between Amazon and Hertz marks a significant development for both companies, as Amazon begins to sell used Hertz rental vehicles through its Amazon Autos service, potentially enhancing sales and customer reach for both parties [1]. Group 1: Amazon's Strategy - Amazon is launching a pilot program in four cities (Dallas, Houston, Los Angeles, and Seattle) to sell used Hertz vehicles, allowing customers to browse, schedule test drives, and complete purchases online [3]. - The partnership with Hertz allows Amazon Autos to expand its offerings beyond new Hyundai vehicles, enabling listings from other brands like Toyota and Ford [4]. - By collaborating with Hertz, Amazon can increase its vehicle listings without the burden of managing an auto fleet, thus minimizing operational costs while generating revenue from sales [9]. Group 2: Hertz's Benefits - Hertz sells "hundreds of thousands" of used vehicles annually, potentially approaching 200,000, which could enhance its sales through Amazon's platform [5]. - Listing vehicles on Amazon, a trusted platform with a vast customer base, may alleviate consumer concerns about purchasing used rental cars, thereby increasing Hertz's market reach [6]. - The partnership provides Hertz with an opportunity to improve its profitability by accessing a larger audience through Amazon's established e-commerce infrastructure [6]. Group 3: Market Potential - If Amazon successfully scales its Amazon Autos service through additional partnerships, it could rival established players like CarMax, which generates tens of billions in annual revenue [10]. - The collaboration with Hertz is seen as a foundational step towards achieving significant growth in the automotive sales sector for Amazon [10].
3 Things Investors Should Know About the New Deal Between Amazon and Hertz
The Motley Fool· 2025-08-26 08:55
Core Insights - Hertz is collaborating with Amazon to sell used rental cars on Amazon's platform, aiming to increase the variety of car brands available for consumers [1][2][3] - The partnership positions Hertz as Amazon Autos' first fleet dealer, expanding the selection of vehicles beyond Hyundai, which is currently the only merchant on the site [5][7] - Hertz has a significant inventory of used cars, with approximately 250,000 vehicles available for sale annually, which aligns with consumer demand for more selection in the used car market [10] Group 1: Partnership Details - Hertz will allow customers to browse and purchase used cars on Amazon, with transactions completed at Hertz Car Sales locations in select cities [7] - The initial rollout will include Hertz locations in Dallas, Houston, Los Angeles, and Seattle, with plans for future expansion to all 45 Hertz Car Sales locations nationwide [7] Group 2: Market Demand - There is a growing consumer demand for a wider selection of used cars, as indicated by the success of Hyundai's participation in Amazon Autos, which has expanded from 48 to 130 cities [9] - Hertz's extensive fleet and variety of car brands position it well to meet this demand, particularly for used vehicles [10] Group 3: Financial Outlook - Hertz has faced financial challenges, including losses in the last six quarters and significant debt of $19.4 billion, which may limit the impact of this partnership on its stock performance [12][13] - In contrast, Amazon is financially stronger and profitable, which may allow it to negotiate favorable terms from the partnership with Hertz [14]
Why Investors Slammed the Brakes on Avis Stock Today
The Motley Fool· 2025-08-20 22:43
Core Viewpoint - Avis Budget Group's shares declined nearly 6% following Hertz Global Holdings' announcement of a sales agreement with Amazon Autos, highlighting competitive pressures in the car rental industry [1][2]. Group 1: Competitive Landscape - Hertz Global Holdings has secured a significant sales channel by partnering with Amazon Autos, allowing it to sell used cars through Amazon's platform [2][4]. - The partnership with Amazon positions Hertz advantageously in the online retail space, which is crucial for attracting customers seeking vehicles [2][4]. - Both Avis and Hertz offer similar services and operate in comparable markets, making competitive differentiation essential [5]. Group 2: Strategic Implications for Avis - In response to Hertz's new sales channel, Avis may need to explore similar partnerships or enhance existing sales efforts to remain competitive [6]. - The challenge for Avis lies in matching the scale and reach of Amazon, which may require significant strategic initiatives [6].
Hertz to sell used vehicles online through Amazon Autos partnership
CNBC· 2025-08-20 11:00
Core Insights - Hertz has announced a partnership with Amazon Autos to sell pre-owned vehicles online, aiming to enhance its retail operations and profitability [1][3] - The initiative allows customers to browse thousands of used Hertz vehicles on Amazon, complete purchases online, and pick up vehicles at Hertz locations [2][5] - This partnership marks a significant expansion for both Hertz's car sales business and Amazon's automotive offerings, which previously focused solely on new vehicles [3][4] Company Strategy - Hertz's strategy includes increasing its digital retail presence and making its used vehicle inventory more accessible, aligning with its broader goal to boost retail operations [5] - The company is focusing on fleet management, revenue optimization, and cost efficiency as part of its "Back-to-Basics Roadmap" turnaround plan initiated after its bankruptcy during the Covid-19 pandemic [6] Market Performance - Hertz reported its strongest-ever quarter for retail vehicle sales in Q1 of this year, indicating positive momentum in its sales operations [6] - The Rent2Buy program, allowing customers to rent a used car before purchasing, has also gained traction and is set to expand to over 100 cities [7]
Amazon Expands Auto Push to Take eBay Motors' Turf
PYMNTS.com· 2025-08-05 00:38
Core Insights - Amazon has launched a platform for selling used vehicles, starting with Hyundai dealers in Los Angeles, and plans to expand to more brands and cities in the future [1][2][4] Group 1: Amazon Autos Platform - Consumers can now browse, compare, and purchase used and certified preowned Hyundai vehicles directly on Amazon, with a 3-day, 300-mile return policy and a minimum 30-day, 1,000-mile limited warranty [2] - The program builds on Amazon's existing relationship with Hyundai, which was the first car manufacturer to allow Amazon to sell its cars directly [3][4] Group 2: Market Expansion and Strategy - The service is set to expand to 130 U.S. cities, with additional used car options being introduced in Los Angeles and other cities in the future [4] - JPMorgan analyst Rajat Gupta views this initiative as a new lead generation channel for car dealers, indicating minimal risk of disintermediation due to franchise regulations and the complexities of used car sourcing [4][5] Group 3: Dealer Relationships - Dealers are expected to maintain customer relationships during the vehicle handoff, as Amazon's model allows them to focus on in-person interactions [5] - There is skepticism regarding dealers listing their inventory without guaranteed finance and insurance commissions, which could impact the platform's success [5] Group 4: Related Partnerships - Hyundai has also partnered with Avride to develop autonomous vehicles, which may complement Amazon's automotive initiatives by exploring autonomous delivery services [6]