automotive

Autonation Looks to Boost Digital Reach With Stake in TrueCar

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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Google Deepens Connected Car Partnership with Renault
Google Deepens Connected Car Partnership with Renault
November 08, 2022  |  News

Google and Renault are expanding on their partnership, allowing the automaker to offer over-the-air software updates to its vehicles amid a boom in the connected...

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Connected Car Fleets Become New B2B and B2C Revenue Drivers
Connected Car Fleets Become New B2B and B2C Revenue Drivers
October 31, 2022  |  B2B Payments

As the number of connected vehicles on the road continues to grow, developers are producing tools that serve a variety of use cases for consumers,...

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