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Use of hi-tech search tools enables shoppers to find items they want, while trade war pushes up prices of new clothesArtificial intelligence will spur on sales of secondhand clothing, according to the boss of one of the biggest online resale sites, after global sales rose 15% last year – more than four times faster than the wider market.Pre-loved clothing items now account for $227bn (£175bn) or 9% of total fashion sales, according to a report by analysts at GlobalData for online the clothing reseller ThredUp. The figure represents a big leap over the past five years and has led to resellers eating into the market share of major clothing retailers. Continue reading......

US new vehicle sales set to rise 7.3% in December, report says Dec 19 (Reuters) - U.S. new vehicle sales are expected to rise 7.3% in December, aided by deeper discounts from automakers and dealers, industry consultants J.D. Power and GlobalData said in a joint report on Thursday. WHY IT'S IMPORTANT he rise in December sales points to a resilient new-vehicle market, which faces pressure from high interest rates....

US auto sales set to rise in November amid steeper discounts, report shows Nov 27 (Reuters) - New vehicle sales in the U.S. are projected to have risen 6.7% in November from a year earlier, driven by higher discounts to clear elevated inventory, according to a joint report by industry consultants J.D. Power and GlobalData on Wednesday. WHY IT'S IMPORTANT Although sticky inflation and high interest rates have dented demand, lower price tags have helped lift volumes at some automakers....