In the late 1990s, it seemed that big, publicly traded dealership groups would come to dominate auto retailing, leaving independent operators and small, family-owned collections of stores in the dust. That didn’t happen. Two decades later, just six franchised dealership groups in the U.S. have gone public, responsible for 6.5 percent of new-vehicle sales nationwide. And not a single new player has joined the fray in 17 years..
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Online used car startup Shift Technologies has tacked on another $40 million in equity funding, hired a new COO with Amazon and Enjoy roots and scaled up its engineering staff — all in the past several months — as the company aims to double its revenue this year.
Subscript ions are no longer just for magazines and gym membership. Alongside leasing, rental and car-sharing, subscription services are rapidly gaining ground among drivers looking for a form of temporary, hassle-free ownership. But if shoppers are lured away from traditional car sales, what impact could this have on the traditional dealership model?
LMP has made its vehicles available on the TURO application in Florida and is excited to continue being a part in TURO’s rapid growth. TURO is a peer-to-peer carsharing online and mobile interface…
SoftBank Group Corp. has led a $385 million investment in auto-finance startup Fair, the latest bet by the Japanese firm to back companies that are trying to fundamentally change personal transportation.
Swedish automaker Volvo is known for safety — which has made its station wagons and SUVs the vehicles of choice for many families.
Every industry is evolving. Competitors are entering industries with new business models that promise a better experience. In most cases, it’s a more convenient experience.
LMP Gets Approvals For Fleet Account Status From General Motors To Purchase New Vehicles Factory Direct at Wholesale Prices For Its Rental and Subscription Divisions
LMP gets approvals for fleet account status from General Motors to purchase new vehicles factory direct at wholesale…