Automotive


In UK, Vertu Motors debuts online used-car sales

In UK, Vertu Motors debuts online used-car sales

Vertu Motors debuted what it called the first 100-percent online sales platform for used cars. The site is part of its Bristol Street brand. Bristol Street/buy-online enables consumers to browse, select, accessorize and finance used cars. 

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Guazi strikes back at Renrenche with its own lawsuit

Guazi strikes back at Renrenche with its own lawsuit

After a verdict was reached last week in the lawsuit brought by c-to-c, used-auto platform Renrenche (人人车) against its rival Guazi.com (瓜子), Guazi promised to fight the verdict. It now appears that they have gone one step further, as Guazi’s newly-formed parent company CARS (车好多集团) has filed a lawsuit with Beijing Haidian People’s Court, accusing Renrenche of engaging in the very same practices – the use of misleading advertising language – that they had been found guilty of.


Guazi strikes back at Renrenche with its own lawsuit

Guazi strikes back at Renrenche with its own lawsuit

After a verdict was reached last week in the lawsuit brought by c-to-c, used-auto platform Renrenche (人人车) against its rival Guazi.com (瓜子), Guazi promised to fight the verdict. It now appears that they have gone one step further, as Guazi’s newly-formed parent company CARS (车好多集团) has filed a lawsuit with Beijing Haidian People’s Court, accusing Renrenche of engaging in the very same practices – the use of misleading advertising language – that they had been found guilty of.

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RenRenChe wins another round against rival Guazi

RenRenChe wins another round against rival Guazi

Early in November, we reported that RenRenChe (人人车), the c-to-c, used-auto platform backed by Tencent and ride-hailing giant Didi Chuxing (滴滴出行), had filed a lawsuit against its rival Guazi.com (瓜子二手车) regarding claims made in its latest advertising campaign. The Beijing Haidian People’s Court now reportedly ruled that the phrases “leading by a wide margin” (遥遥领先) and “nationwide leader” (全国领先) - which Guazi has been using to characterize its position in the used-auto sector - did, in fact, constitute “false advertising statements”.

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RenRenChe wins another round against rival Guazi

RenRenChe wins another round against rival Guazi

Early in November, we reported that RenRenChe (人人车), the c-to-c, used-auto platform backed by Tencent and ride-hailing giant Didi Chuxing (滴滴出行), had filed a lawsuit against its rival Guazi.com (瓜子二手车) regarding claims made in its latest advertising campaign. The Beijing Haidian People’s Court now reportedly ruled that the phrases “leading by a wide margin” (遥遥领先) and “nationwide leader” (全国领先) - which Guazi has been using to characterize its position in the used-auto sector - did, in fact, constitute “false advertising statements”.

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Yixin Group share tumbles on new lending rules

Yixin Group share tumbles on new lending rules

The auto listings sector in China has long been a two-horse race between New York-listed Autohome (NYSE: ATHM) and Bitauto (NYSE: BITA). Bitauto has, however, fallen well back in terms of traffic, if not revenue, as of late. Early in 2017, Autohome pulled in over 50 million monthly users on average, while Bitauto.com was well back with only 5 million (see CIR18.03).  The landscape changed...

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