Cox reorganizes automotive businesses; acquisitions likely to join

AutoTrader Group has been one of the most acquisitive of automotive service providers, with the flagship enhancing its own consumer search and dealer lead-generation services by way of vendor and platform buys. With the recent announcement of the new Cox Automotive, however, AutoTrader Group is no more.  Cox Automotive has told the AIM Group that what will continue are...

Read More

BitAuto, Yong Da target China’s used cars

In a footnote to the earlier report of a new joint venture involving BitAuto Holdings Ltd, Youxinpai (Beijing) Information Technology Co. (UXIN) and Lentuo International Inc., BitAuto announced on Aug. 18 that it will establish a separate joint venture with China Yong Da Automobiles Services Holdings Ltd, one of China’s leading automotive dealership groups, which also involved UXIN. A...

Read More

DriveItNow debuts automotive pay tool

Autobytel just announced its collaboration with DriveItNow, to enable a consumer payment conversion tool for prospective buyers.  The tool not only helps the shoppers determine the vehicles they can afford, but it also gives dealers more finance details about the leads they’re sent.  We reached out to Tarry Shebesta, DriveItNow president, to ask if this was available to automotive...

Read More

Inc. 5000 honorees: Jobs2Careers, ApartmentList, Movoto, PureCars

Each year Inc. Magazine announces its Inc 5000 list of the 5,000 fastest-growing companies. They are determined by three-year revenue growth. Several classified companies were honored for 2014. Jobs2Careers was the fastest-growing recruitment site, ApartmentList made No.1 for growth in the rental category, Movoto was in 1st place for real estate, and PureCars for automotive. Vantage Media...

Read More

Some dealers phished; threat resolved

On one online automotive community, a dealer posted this notice: “ATTENTION CARS.COM CUSTOMERS: If you received an email asking you to update your account credentials it has all the marks of a “phishing” scam. (For you neophytes that is when a fake site is published that looks real but is only there to steal your logins and passwords.) I would avoid logging into any

Read More launches in Saudi Arabia

Saudi Arabia’s auto market is huge, with annual growth in demand of 30 percent, according to a study conducted by the Council of Saudi Trade Chambers. The market (including new autos, used autos, spare parts, accessories, trucks, maintenance workshops and after-sales service) is valued at about $2.4 billion U.S. per year. Saudi Arabia is one of the largest automotive markets in the GCC...

Read More