Ben Salisbury | November 29, 2021 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based used-car marketplace Motorway has achieved ‘unicorn’ status after receiving a valuation of £750 million ($1 billion U.S.). The company matches car...
Ben Salisbury | November 29, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Constellation Automotive Holdings, owner of U.K. automotive marketplace Cinch, has followed through with a formal offer £322.9 million ($430.7 million) for...
Ben Salisbury | November 27, 2021 | Automotive, Financials / Deals
Listed auto retailer Marshall Motor Holdings has confirmed that its largest shareholder, Marshall of Cambridge is considering selling its 64.4% stake in the motor...
Ben Salisbury | November 26, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Listed car supermarket group Motorpoint has increased its revenue and profit in the six months to September 2021 as a result of high demand for used cars in the...
Deb Stowe | November 22, 2021 | Automotive, Financials / Deals
Germany-based car subscription firm FleetPool is being taken over by France-based car rental company ALD Automotive. The 100% acquisition, which will include a...
Davide Rasconi | November 22, 2021 | Automotive, People on the Move
Used car marketplace Carvago.com has expanded to Italy, its fifth European market, as it continues rollout across the continent. Customers will be able to access...
Alina Zaiets | November 22, 2021 | Automotive
Avito.ru, the leading horizontal in Russia, has joined forces with Tinkoff Bank, a major online lender, to provide car loans, marking Avito’s first foray...
Lucy Barnard | November 19, 2021 | Automotive, Digital Auto Retail
Dubai-based c-to-b-to-c used-car marketplace CarSwitch has announced its official launch in Saudi Arabia, as part of the company’s wider expansion strategy....
Ben Salisbury | November 19, 2021 | Automotive, Digital Auto Retail, Financials / Deals
British digital auto vertical Cazoo has agreed a long-term partnership with leasing company Ogilvie Fleet to give Cazoo access to vehicles 5,000 vehicles each year...
Leanne Wang | November 19, 2021 | Automotive, Financials / Deals
During the third quarter of 2021, AutoHome’s revenue decreased by 23.8% year-on-year to $273.7 million (RMB1,763.8 million), due to a further declining...
Deb Stowe | November 19, 2021 | Automotive
France-based digital automotive dealer Aramis Group has inaugurated its fourth used car reconditioning center, its first on the Belgian market. The new 20,000-sqm...
Deb Stowe | November 18, 2021 | Automotive, Financials / Deals
Auto1 Group, the Germany-based digital auto dealer, has marked a record quarter with a 64% year-on-year revenue hike to reach €1.26 billion ($1.43 billion U.S.)....
Greg Spencer | November 17, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Struggling with flagging revenue and a shrinking client base, automotive marketplace TrueCar announced a pilot test of an in-house digital retailing tool that lets...
Greg Spencer | November 17, 2021 | Automotive, People on the Move
CarGurus has appointed New England-based marketing executive Dafna Sarnoff as its new CMO. She replaces Sarah Welch, who led the company’s marketing efforts as it...
Ben Salisbury | November 17, 2021 | Automotive, Digital Auto Retail
A new online auto marketplace dedicated for electric vehicles has been launched in the U.K. The Discover EV platform is a free to use service for dealers or...
Ben Salisbury | November 17, 2021 | Automotive, Financials / Deals
British digital auto vertical Cazoo has completed the acquisition of Spanish car subscription marketplace Swipcar for €30 million ($34 million U.S.) in cash and...
Danielle le Clus-Rossouw | November 17, 2021 | Automotive, Marketplaces, People on the Move
OLX Autos, the car-buying arm of global marketplace giant Prosus, has announced Rohit Pandharkar as its new global head of data science. This announcement comes...
Deb Stowe | November 16, 2021 | Automotive
French digital automotive dealer Aramis Group has launched a subscription-based alternative to car ownership and long-term rental. More than 500 reconditioned used...
Alina Zaiets | November 16, 2021 | Automotive
SberAuto, Sberbank’s auto retail service, has launched a buyback program for users. Now, site users will be able to quickly sell their cars directly on...
AIM Group | November 12, 2021 | Automotive, Marketplaces, Financials / Deals
The lead shareholder in AutoHome, the world’s leading automotive marketplace by revenue, is looking to sell its $2-billion-plus stake in the company, Reuters...
Jonah Kay | November 12, 2021 | Automotive, Financials / Deals
Shift exceeded its expectations in several regards last quarter, bringing in $180 million in revenue and selling around 6,500 vehicles. Perhaps most important was...
Ben Salisbury | November 11, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Cazoo Holdings Ltd has reported its consolidated financial statements for 2020. This is the first time consolidated financial statements have been prepared for the...
Ben Salisbury | November 11, 2021 | Automotive, Digital Auto Retail, Financials / Deals
New British online used car marketplace Carzam has published its first set of accounts for the period from when it was founded in September 2020 to the end of...
Ben Salisbury | November 11, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Leading British auto marketplace Auto Trader has announced record revenue and profits for a six-month period as it took advantage of the huge demand and rising...
Deb Stowe | November 12, 2021 | Automotive, Financials / Deals
Spain-based digital auto dealer CliCars.com has posted a 217% surge in revenue for the fiscal year to 30 September 2021, giving it a total sales figure of €207...
Dualta Mac Lochlainn | November 10, 2021 | Automotive, Financials / Deals, REPORTS
France-based digital automotive dealer Aramis Group outperformed revised expectations after reporting pro forma revenues of €1.36 billion ($1.56 billion U.S.) for...
Greg Spencer | November 10, 2021 | Automotive, Digital Auto Retail, Financials / Deals
CarGurus posted revenue of $222.9 million, up 51% year-over-year thanks in large part to its new income stream from online wholesaling platform CarOffer. The...
Jonah Kay | November 10, 2021 | Automotive, Financials / Deals
Vroom, an online used car retailer, posted strong third quarter results Tuesday. The company tripled its e-commerce revenue, driving overall revenue to $897...
Greg Spencer | November 09, 2021 | Automotive, Digital Auto Retail, REPORTS
KijijiAutos, the automotive vertical of Canada’s leading general classified site, today announced an online shopping tool powered by technology from Cox...
Deb Stowe | November 10, 2021 | Automotive, People on the Move
Norway-based autos horizontal Finn has promoted Eddie Sjølie CEO. A long-standing employee of the Schibsted-owned company, Sjølie has formerly served as deputy...
