luxury

Luxury car buyers pay more than ever as prices and loan costs rise

If you can even find a new car to buy, actually purchasing it is going to cost you.”It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds.Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car prices up …

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Crypto is crashing but the tech behind it could save luxury brands billions

These losses can damage both profit and reputation — which is why some brands are now turning to tech to protect their products, brand value and consumers. Despite being competitors, luxury brand conglomerate LVMH (LVMHF) joined forces with Prada (PRDSY), and Cartier in April 2021 to establish the Aura Blockchain Consortium, a non-profit platform that …

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