1 Thing We're Talking About: Collision recalibration startup Kinetic raises $21 million
Startup company Kinetic, which is modernizing the collision repair recalibration process, secured $21 million in Series B funding.
U.S. new-vehicle inventory rises to 2.96 million in June; up 1 million from a year ago
New-vehicle inventory has stayed below 3 million for more than four years.
DMS company Tekion sells Buick-GMC dealership near Calif. headquarters
Gilroy Buick-GMC, about 60 miles from Tekion Corp.’s Silicon Valley headquarters, was one of two stores the firm bought to test its dealer management system technology.
Nissan to retreat on sedans but hang on to ‘Goldilocks' Sentra
Nissan will ditch the Versa after production ends in 2025. The gas-powered Altima will sunset following the 2026 model year and Nissan is undecided on a next-gen.
Carvana integrates used EV tax credit savings into online checkout process
Carvana told White House and U.S. Treasury Department officials it would add such an option before the end of the summer.