Automotive

Carvana revenue soars nine-fold in 2014

Dealer-less auto marketplace Carvana is No.5 on Forbes Magazine’s list of 20 most promising private companies for 2015. The DriveTime-funded digital sales site jumped its revenue from $5 million in 2013 to $45 million in 2014. Forbes gives credit for that success to funding, financing, and home delivery of vehicles. Several other online marketplaces and advertising vendors made the list...

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Cheki launches installment payment for auto buyers

One Africa Media’s Cheki Kenya launched an affordable payment plan dubbed Flexipay, which enables auto buyers to pay deposits only for their favourite autos on the site – rather than pay in full. Speaking to AIM Group, Cheki Kenya marketing manager Elaine Mathangani said, “Flexipay is an easy payment plan for anybody looking to buy an auto from selected Cheki auto...

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Cars.com, RepairPal add certification

Cars.com Offers Service Certification, Helps Franchise Dealers Stand Out Amid Rising Competition RepairPal Certified Helps Dealers Differentiate Service Business CHICAGO, Jan. 22, 2015 /PRNewswire/ — Cars.com announced today it will unveil its first program designed specifically to help differentiate dealership service departments. RepairPal Certified, launching at NADA 2015 in San...

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Activist investor targets Gannett board

Activist investor Carl Icahn — fresh from a victory at EBay, where he forced the company to split itself into two and just signed a shareholder agreement — now has Gannett in his sights. He’s starting a proxy battle to put two of his representatives on the board at Gannett Co. Inc., which has already announced plans to split itself into two. The Gannett fight is being well-covered...

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GM introducing ads via OnStar

Yep, if you buy a new General Motors car your OnStar service will send you personalized ads and coupons, based on what you’re doing and where you are. According to Fast Company, the categories that seem to be the most popular are retail stores, restaurants and hotels, though that doesn’t mean that nearby apartment communities and employers couldn’t jump on board as well. Of...

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Twitter car buys not soon, says Twitter

According to Twitter marketing manager Ori Carmel the purchase of large ticket items such as cars by way of Twitter is going to be a long time coming, and might not happen at all. AdWeek reported on Carmel’s presentation at the Mobile Marketer’s Mobile FirstLook: Strategy 2015 conference in New York. “I don’t see a whole lot of people fully converting on bigger purchase items...

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