Carscoops

AUGUST 5, 2024

Lotus may delay its Type 135 electric sports car, the much-awaited Elise and Emira successor, due to concerns that current battery technology would make it too heavy. According to the brand, the model must remain as close in spirit to the Elise as possible, and today’s battery technology is not advanced enough to allow it.

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Carscoops

JANUARY 23, 2024

“As we previously disclosed, we intended to raise additional capital to fund our operations and support the extension of our vehicle floorplan facility beyond its current expiration date of March 31, 2024,” said Thomas Shortt, Vroom’s CEO. Vroom’s fall from grace follows the decline of Shift Technologies Inc.,

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Full Path

JULY 30, 2024

For dealerships, Higher inventories and rising floorplan costs are eating into profit margins, creating a challenging environment for automotive retailers. Leveraging Digital Platforms: Utilize technology to streamline the leasing process, especially for generations that prefer managing their payments online.

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Drive.com

JULY 28, 2024

“They don’t start counting until the middle of next year, so all that means is you’re incentivised – if you can get supply – to bring all your bad actors in early on, fill up the pipeline and then hang on and make the changes over time if you’re able to get new technologies and new products.

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Auto Remarketing

OCTOBER 6, 2023

It even suggests that OEMs and dealers should partner with third-party technology start-ups to most effectively and quickly implement a subscription program. Some automotive retailers are testing the waters right now before inventory grows into a substantial floorplan expense. This author found that part particularly interesting.

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