February 28, 2021
News
Hyundai Recalls Kona and Ioniq EV's over Battery Fire Risk
Staff Writer
February 26, 2021
On the heels of Hyundai’s October 2020 recall to upgrade battery management software, the company has announced a new battery recall after more than a dozen reported fires related to…
Gettacar Gets Funding
Staff Writer
February 26, 2021
Gettacar, an online car buying start-up, announced $25 million in funding, bringing the total raised to $48 million. The round was led by 3L and Luxor Capital, with additional participation…
Cars.com Reports Q4 Revenue Uptick
Staff Writer
February 26, 2021
Cars.com, a digital marketplace and solutions provider for the automotive industry, reported a slight uptick in revenue when it released its financial results for the fourth quarter and year ended…
J.D. Power Releases Commercial Lending Satisfaction Study
Staff Writer
February 26, 2021
According to the J.D. Power 2021 U.S. Automotive Commercial Lending Satisfaction Study, the difference between good and great dealer-lender relationships comes down to four key steps that can set the…
KAR Combines TradeRev and BackLotCars
Staff Writer
February 26, 2021
KAR Auction Services is combining the company’s TradeRev and BacklotCars platforms into a single digital marketplace. U.S.-based dealers will migrate to BacklotCars, while Canadian dealers will continue operating exclusively on…
Montway Launches Home Delivery
Staff Writer
February 25, 2021
Montway Auto Transport launched the new Vehicle Home Delivery service as part of the company’s Business Solutions umbrella. The new service is an end-to-end automotive transportation solution for dealers to…
EEOC Fines Dealer for Sex Discrimination
Staff Writer
February 25, 2021
Performance of Brentwood L.P., doing business as Lexus of Cool Springs, a car dealership in the greater Nashville area, agreed to pay $60,000 to resolve a sex discrimination lawsuit filed…
Enterprise Rolls Out Digital Platform
Staff Writer
February 25, 2021
Enterprise Car Sales announced that it has completed the nationwide rollout of the Accelerated Customer Experience (ACE) digital platform. With the completion of this rollout, Enterprise’s customers now have the…
Trade X Secures Capital to Expand
Staff Writer
February 25, 2021
Trade X, a global B2B automotive trading platform that allows the entire B2B automotive ecosystem, including OEMs, fleet and car dealers to buy and sell pre-owned vehicles in a compliant…
