Senior management may host individual and small group meetings at additional investor conferences in the coming months. Please check the investor relations section of the website for a complete list of upcoming events.
Carvana launched in the Charlotte market in 2014, delivering used cars ordered online straight to people’s driveways. But since opening its high-profile “car vending machine” tower on South Boulevard earlier this summer, sales have more than doubled.
Dominion announced recently that it has built its DealActivator technology into the Dominion Vision CRM to provide dealers new streams of highly-qualified customers to turn more aged inventory, acquire in-demand vehicles and develop long-standing customer relationships.
Across the six months ended June 30, DropCar’s enterprise business-to-business segment’s revenue more than doubled from the year-ago period to US$485,000 from US$206,000, pushed up by the onboarding of new automotive partners, particularly in the car-sharing arena as well as organic growth from its existing customers.
"Our execution to date sets us up to continue to perform against each of our key strategies in the third and fourth quarters, unlocking double digit revenue growth in the second half of this year,” said John Pierantoni, Interim Chief Financial Officer.
Lyft launched its self-driving service in January in Las Vegas, where passengers can take a ride in an autonomous BMW to and from some 20 different pick-up and destination spots around the city's casino-laden Strip.
The Fair mobile app, launched about two months ago in the Los Angeles area and slated to expand to select U.S. markets in 2018, allows used-car buyers to shop, get approval, pay for a vehicle and then order a ready-to-pick-up model in as few as five minutes. "We did a ton of surveys to find out where the pain points are,” Fair co-founder Georg Bauer tells WardsAuto during an interview. That research confirmed vehicle buyers consider it "really unpleasant to spend two or three hours at a dealership, being in the corner office with the F&I manager and having to deal with tons