Business
Online deals: How e-commerce sales are holding up

Online deals: How e-commerce sales are holding up

After the indulgence of Thanksgiving, millions of Americans will spend today relaxing, eating leftovers, watching sports and — perhaps — indulging in some retail therapy on one of the busiest shopping days of the year. Many brave the malls and shops themselves, while others click to buy from the comfort of their home using a laptop or phone — but just how much of total retail shopping is actually done online?

The answer is actually only about ~15%, although that figure typically rises during this time of the year, according to data from the US Census Bureau.

Have to be there

Needless to say, e-commerce got an enormous boost during the pandemic, with its share of retail sales reaching a peak of 17% in Q1 2020, when we were confined to our homes.

But, as the pandemic faded, shops and stores re-opened, and the world got back to something resembling normal, the share of stuff bought online did something surprising: it fell. Indeed, the 17% figure from 2020 is, so far, yet to be matched... proving that, sometimes, you just have to be there to buy.

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Ford to bring eyes-off driving to its new EV platform by 2028

Ford is wading into the autonomous race against rivals like Tesla and GM.

On Wednesday evening, the Detroit automaker said it plans to introduce “Level 3” eyes-off systems to vehicles being built on its new production platform in Louisville by 2028. The first vehicle planned for the platform is a $30,000 midsize EV truck, planned for 2027.

In an interview with Reuters, Ford Chief EV and Design Officer Doug Field said the tech would not come at the $30,000 price point and would cost extra. Field said the company is still weighing just how much extra, and whether the system should be sold via a subscription model.

According to Ford, the eyes-off and hands-off tech will utilize lidar. Ford shares ticked up slightly in premarket trading on Thursday.

In August, Reuters reported that Ford rival Stellantis had shelved its Level 3 program due to high costs.

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