Automotive

Auto Trader partners Zuto for auto finance

Online auto finance broker Zuto, formerly known as CarLoan4U, has signed a two-year deal to be the sole provider of Auto Traders consumer finance products. Zuto provides auto finance options from its panel of more than 15 lenders. It also carries out free vehicle history and valuation checks to confirm the vehicle purchase price. James Wilkinson, chief of Zuto, said: “Our partnership means we...

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BitAuto Q2 revenue up, profit down

BitAuto Holdings Ltd., operator of one of China’s two leading automotive websites, almost doubled during Q2 of 2015 year-over-year, but its profit fell. Revenue was RMB 1.01 billion ($162.2 million U.S.), a 92.5 percent increase from the corresponding period in 2014, according to unaudited results announced earlier this month. Non-GAAP profit in the same quarter was RMB 122.6 million ($19.8...

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Revenue and profits up in Q2 at China’s Autohome

Autohome Inc., which describes itself the leading online destination for automobile consumers in China, saw a healthy increase in its net revenue and net income during the second quarter that ended on June 30, 2015, even though its share price contined to fall. According to its unaudited financial results released on August 5, net revenue increased by 69.9 percent year-over-year to RMB 861.0...

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OLX boosts reputation with Mandilas partnership

OLX Nigeria just scored a big one through a new partnership with Mandilas, one of the country’s oldest and leading auto merchants and service centres, in a bid to boost its vehicle inventory and reputation, and gain market trust... This content is available to Classified Intelligence Report clients. Want to know more about becoming a...

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Three clues to Vostok’s mystery $7.5 million investment

When Per Brilioth, CEO of Vostok New Ventures, announced that his company invested $7.5 million U.S. in an investment company Merro, he left the audience with one big mystery: In which classifieds had that company already invested. He gave several clues and left everyone free to come up with his own candidates. This was his first clue: They are three online classified sites in the Mena region...

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India’s major auto portal relaunches

CarWale, India’s largest automotive portal, owned by Automotive Exchange Pvt. Ltd. and part of the Axel Springer Group, unveiled a new look for its website, mobile site and the mobile app. The outcome of months of months of consumer research and usability testing, the new design has a contemporary, minimalist feel to it. The new design follows the new flat web, scroll-down, tile format with...

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