automotive

TRADE X Expands Online B2B Auto Marketplace to Ghana

TRADE X Expands Online B2B Auto Marketplace to Ghana
TRADE X Expands Online B2B Auto Marketplace to Ghana
November 21, 2022  |  Transportation

Ontario-based international automotive trading platform TRADE X announced on Monday (Nov. 21) that it has expanded its business-to-business (B2B) online vehicle marketplace into Ghana. With...

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Carvana Lays Off 1,500 Amid Big Tech Staff Reductions
Carvana Lays Off 1,500 Amid Big Tech Staff Reductions
November 18, 2022  |  Personnel

Carvana is making changes to its staff in response to a growing trend of Big Tech and eCommerce businesses reevaluating their revenues, as well as...

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Autonation Looks to Boost Digital Reach With Stake in TrueCar
Autonation Looks to Boost Digital Reach With Stake in TrueCar
November 15, 2022  |  Retail

Aiming to collaborate on the development of new digital tools, automotive retailer AutoNation has acquired a 6.1% minority ownership stake in automotive digital marketplace TrueCar....

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Kyte Raises $60M to Expand on-Demand Car Rental Offerings
Kyte Raises $60M to Expand on-Demand Car Rental Offerings
November 11, 2022  |  Investments

On-demand car rental startup Kyte has raised $60 million in Series B growth equity financing, which it will use to accelerate its product development, add...

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Trade X to Add Mexico to Cross-Border Automotive Trading Platform
Trade X to Add Mexico to Cross-Border Automotive Trading Platform
November 09, 2022  |  B2B Payments

Cross-border automotive trading platform Trade X has announced it will open a trade route in Mexico and allow that country’s dealers and fleet owners to...

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CarGurus Slammed By Falling Used Car Demand and Prices
CarGurus Slammed By Falling Used Car Demand and Prices
November 08, 2022  |  Earnings

Drops in both demand and unit prices in the used car market contributed to unexpected weakness in CarGurus’ latest results, executives said Tuesday (Nov. 8)...

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Used Vehicle Platform Vroom Targets Profitability Over Growth
Used Vehicle Platform Vroom Targets Profitability Over Growth
November 08, 2022  |  eCommerce

Used vehicle eCommerce platform Vroom is making progress on its goal of achieving profitability and liquidity ahead of growth, company executives said Tuesday (Nov. 8)...

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Online Car Platforms’ Skid Proves Digital Shifts Are No Sure Bet
Online Car Platforms’ Skid Proves Digital Shifts Are No Sure Bet
November 08, 2022  |  eCommerce

The rubber meets the road for the online car platforms. Amid Carvana’s disastrous stock plunge and disappointing earnings — and Vroom’s numbers from Tuesday (Nov....

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