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Carvana expects $3.9bn in revenues, announces partnership with Lyft

15 November 2019

Lyft is launching a new pilot of its Ditch Your Car program in partnership with Carvana. Lyft is prodding city dwellers to sell their personal cars on Carvana's platform in Los Angeles, San Francisco and Chicago.

Auto Trader finds a path to profits as UK auto market flounders

15 November 2019

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The company said revenues for the six months to September 30 jumped 6% to £186.7 million, with pre-tax profits up 12% to £127.7 million – sending shares up.

Carro joins other mobility companies as they rush to nab online banking licenses in Singapore

15 November 2019

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Co-Founder and CEO of Carro Aaron Tan said Carro is currently in talks with potential partners to apply for a wholesale digital banking licence.

Didi Chuxing relaunches car-pooling service over a year after it was halted due to safety issues

15 November 2019

Michael Hunt

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The company has introduced new safety efforts during that year including audio recording during the trips and panic buttons linked to nearby police stations.

After Uxin's recent divestiture and stock stumble, the auto marketplace focuses on its core business

15 November 2019

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Uxin’s recent divestment means that the company only generates revenue from the commission and value-added service revenue streams across its 2C and 2B businesses.

Chorley Group saw its pre-tax profits double last year

15 November 2019

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Chorley Group has made changes to its marketing strategy, with a focus on used cars and the launch of an online sales platform.

Delhivery, Ola Electric named as two new $1bn valued companies out of India

15 November 2019

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A Nasscom report labeled seven Indian startup companies as 'unicorns' including the electric mobility company Ola and delivery platform Delhivery.

Droom purchases fintech firm to help increase used car sales

15 November 2019

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Droom is expanding its fintech business under its Droom Credit Business Unit to drive auto loan disbursals and insurance for purchase of preowned vehicles and facilitate dealer financing options.

Cars.com hires previous Hyundai Marketing Chief to lead marketing efforts

14 November 2019

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Dean Evans said he was "really, really attracted" to the Cars.com team and the technology that the company has enabled as it works to expand beyond its origins as an online vehicle listings site.

Lyft giving benefits to consumers who sell their cars

14 November 2019

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The Lyft program joins other recent developments in the world of vehicle subscription services as more consumers consider the possibility of not actually owning cars and trucks.