Peer-to-peer carsharing marketplace Turo has landed a quarter-billion-dollar investment from IAC, an internet and media holdings company whose portfolio includes the likes of Vimeo, HomeAdvisor, Investopedia, tripsavvy, Angie’s List, Tinder, Match and many more. With the $250 million Series E funding announced Wednesday, Turo has now raised $470 million.   “This latest round of funding brings Turo […] [Read More]

On Friday, HyreCar announced the pricing of an underwritten registered public offering of 3.5 million shares of its common stock at a public offering price of $3 per share. The company looking to leverage on a marketplace for ridesharing revealed even more in its filing with the Securities and Exchange Commission, acknowledging the depths of […] [Read More]

In an expansion to their partnership, Fair is now offering new loyalty rewards to Uber drivers. The vehicle subscription company announced Thursday that it is providing Fair Credit rewards to eligible Uber Pro drivers, who can use those credits towards paying for a Fair vehicle. Fair will up its credit amounts to Uber Pro drivers […] [Read More]

Software company Xtime believes the vehicle service experience needs improvement. Up to this point, the automotive industry has not had the necessary tools to provide on-demand convenience for consumers, according to the company. Poor communication between dealerships and customers has hurt dealership retention and business. Looking to improve that communication, Xtime is unveiling a new […] [Read More]

Your birthday is easy to identify since it’s on your driver’s license and other official documents. But what about a vehicle’s birthday? Pinpointing that fact is part of the latest project orchestrated by the Mobility Open Blockchain Initiative (MOBI), which includes several automakers as well as KAR Auction Services. The organization’s member-led vehicle identification working […] [Read More]

Prodigy describes itself as a seamless online-to-in-store sales platform for car dealerships, and the company says it has seen sustained growth with the addition of several large dealer groups. To keep up with that growth, Prodigy has expanded into new offices in San Francisco. The company says that with the larger office space, it will […] [Read More]

A comprehensive vehicle inspection is an important step toward building trust, transparency and loyalty with customers of Klick-Lewis Chevrolet in Palmyra, Pa., said Warren Lewis of Klick-Lewis Chevrolet. “Having our Auto/Mate DMS deeply integrated with the Xtime Inspect module makes that critical relationship-building step so much easier and more efficient,” Lewis said in a news […] [Read More]

Nothing frustrates consumers more than having spent hours researching and configuring a vehicle on third-party auto shopping websites only to find that the vehicle they configured doesn’t exist at the dealership, opined Richard Wallace, former vice president, transportation systems analysis, at the Center for Automotive Research, an independent, non-profit research organization. So it’s up to […] [Read More]

Fueled by multiple funding rounds totaling $10 million, Joydrive also expanded its dealership client base by recently forging a relationship with the Findlay Auto Group and Gee Automotive. The online vehicle marketplace not only added Findlay and Gee as dealer members, but the groups also joined Joydrive’s advisory board. Joydrive said it raised $6 million in multiple […] [Read More]

Vehicle subscriptions are changing the industry landscape and developing into a viable alternative to traditional purchasing and leasing models. Vehicle subscription provider flexdrive is benefiting from that change, noting growth in an array of areas during the first half of the year. The joint venture between market leader Cox Automotive and Holman Enterprises recently shared […] [Read More]