Just after announcing its expansion into Brooklyn last week, on-demand car service company Kyte announced a $30 million Series A funding round led by Park West Asset Management and Sterling Road. Leadership of Kyte — who bring together experience and backgrounds from Uber, McKinsey and BMW — said the funding is going in part toward its "ultimate goal of enabling teleoperation […] [Read More]

Open car transportation marketplace Run Buggy announced this week it has named of business development and strategy.  Having led business activities with for Cox Automotive's Ready Logistics and Central Dispatch, Bob Taar is no stranger to the automotive industry and his new position's demands.  "Bob's passion for creating client driven solutions, his significant domain knowledge […] [Read More]

Former Ford Motor Co. president and chief executive officer Mark Fields is now the interim CEO at Hertz. Paul Stone, previously the CEO, is now the president and chief operations officer for the rental-car company. In Tuesday’s news release, Hertz said the leadership change is “part of a vision for an all-new Hertz that combines […] [Read More]

The particular vehicle that delivered an online order to your home or brought the air conditioning or plumbing repair crew represents the hottest segment of a wholesale market that’s continue to sizzle. Black Book reported on Tuesday that overall wholesale prices continued to increase for a fifth consecutive week. [Read More]

And now your dealership M&A coverage continues with a Texas two-step.  The Dallas-Fort Worth area, to be specific. First up, Houston-based Group 1 Automotive announced Monday it has purchased two dealerships in the DFW market: Classic Chrysler Dodge Jeep Ram of Denton and Classic Mazda of Denton.  The retailer anticipates these dealerships will generate annualized […] [Read More]

Black Book is now available to dealers using TradeVue, an omnichannel inventory, and customer acquisition tool that provides plug-n-play conversion technologies such as trade-in appraisals, price reassurance reports, market analytics, and other premium product. It was announced Tuesday that Black Book's data has been integrated into TradeVue, and Black Book’s integration is already on the TradeVue platform as of the […] [Read More]

Canada Drives has added f Alberta to its online car shopping delivery service network, following launches in Ontario and British Columbia. This translates to Canada Drives' inventory of over 1,200 vehicles being available to 24 million Canadians.  Now, Albertan car shoppers can can pay in full or finance, sign all documents, and have their vehicle delivered to their […] [Read More]

As Edmunds spotted four record-setting finance trends surfacing from third-quarter activity, RateGenius reported notable developments when it comes to refinancing existing installment contracts. [Read More]

A new brand campaign from digital auto marketplace CarGurus aims to showcase how the site enables shoppers to "do more of car buying and selling online," from the comfort of their home office — or even their home's couch, for that matter.  The "Do More From Home" campaign launched Tuesday with four spots: "Home Office," "We Need Space," "Family" and […] [Read More]

America’s Car-Mart began October by expanding its buy-here, pay-here dealership footprint in Oklahoma with the first new store opening of its 2022 fiscal year. Car-Mart’s 152nd dealership came aboard as the company recently purchased the ongoing assets of The Car Man LLC in El Reno. This location will be Car-Mart’s 29th dealership in Oklahoma. “We are […] [Read More]