Uber says that cannibalization of its ride-hailing business is part of its master plan. Just as the startup disrupted its black car service years ago by offering lower-margin UberX rides, it now hopes to help forge the next shift in transportation.
ACV Auctions, the leading dealer-to-dealer, online wholesale automotive marketplace, recently announced that it has developed a new technology that will allow all dealers on the ACV platform to clearly hear engine sounds of vehicles they are considering buying.
Online auctioneer Chip Pearce of Pearce & Associates Auction Company has started BidWinCruise.com, which allows users to consign their cars and have them marketed and sold online. The service also provides appraisals and expert evaluations.
The Green Mode options have already launched in Seattle and the company will being rolling the option out to other portions of the United States soon. Lyft intends to add "thousands" of electric cars onto their platform during this year.