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Emerging Developments In Retail And BNPL

AutoNation continued riding increased demand from consumers for new and used vehicles in its latest quarter. In rural retail, Tractor Supply Co. experienced another quarter of higher sales, as do-it-yourself trends and hobbies stay popular among people amid warmer temperatures and fewer pandemic limitations. And in payment methods, Apple Pay Later could post a larger threat to card issuers than to buy now, pay later (BNPL) players. All this, Today in Data.

Data:

300: Minimum number of U.S. automotive retail locations that AutoNation owns and operates as of June 30.

42%: Increase in AutoNation’s same-store new vehicle unit sales from Q2 2020 to Q2 2021.

21M: Minimum number of members in the Tractor Supply Neighbors Club loyalty program.

$8.558B: Approximate market cap of AutoNation as of July 19.

3%: Approximate share of U.S. adults who report using Apple Pay about once a week.

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