Greg Spencer | January 27, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Motobyo is a new online car-auction platform that strives to connect private sellers to private buyers, and spare both from dealer fees. The service offers sellers...
Alina Zaiets | January 28, 2023 | Automotive, Recruitment
Five employees of Tut.by, formerly the leading independent news site in Belarus, in addition to a marketplace horizontal, went on trial in Minsk earlier this...
Léo Siqueira | January 27, 2023 | Automotive, Financials / Deals
Carflip, a Brazilian car subscription service, raised an undisclosed investment from automotive group Stellantis. Carflip is owned by car evaluation service...
Andrzej Sowula | January 27, 2023 | Automotive
Aures Holdings, which owns auto verticals AAAAuto, Mototechna, Auto Diskont, and Driverama.de, is going to hire about 140 people by the end of 2023, according to a...
Tariq Ahmed Saeedi | January 26, 2023 | Automotive, Digital Auto Retail
Digital auto retailer ChexCar will premiere its first "vending machine" in the first half of this year, with plans to set up four or five more such automated...
Ben Salisbury | January 26, 2023 | Automotive, Digital Auto Retail, Financials / Deals
All-inclusive electric-car subscription service Onto has raised £100 million ($123 million U.S.) in a new credit line provided by global investment group CDPQ and...
AIM Group | January 26, 2023 | Automotive, Real Estate, Marketplaces
Netherlands-based marketplace specialist Prosus and parent company Naspers are planning laying off 30% of their corporate workforce, Reuters reports. “We are...
Greg Spencer | January 25, 2023 | Automotive, People on the Move
Automotive Ventures, an early-stage investment firm, has added Cox Automotive veteran Paul Whitworth to its advisory team. Whitworth joins a high-powered team of...
Ben Salisbury | January 25, 2023 | Automotive, Digital Auto Retail
Auto Trader’s car-buying app was downloaded five times more in the U.K. last year than its closest rival, according to analysis by FairBettingSites.co.uk. It...
Tariq Ahmed Saeedi | January 25, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Autorola A/S and Al-Futtaim Automotive have formed a joint venture in the Middle East — Autorola MENA Holding Ltd — with the aim of digitizing and...
Patrick Kosmider | January 25, 2023 | Automotive, Financials / Deals
Mathias R. Albert, founder of ViveLaCar, a vehicle-subscription platform based in Germany, has sold the majority of his company to Wiesbaden-based cross-industry...
Greg Spencer | January 24, 2023 | Automotive, Digital Auto Retail
The State of Illinois has settled a legal dispute with Carvana, allowing the company to resume car sales after its license was suspended due to registration...
Tariq Ahmed Saeedi | January 24, 2023 | Automotive, Digital Auto Retail
AI assistant Bixby has been sensitized to voice commands for used-car searches on South Korea-based auto marketplace KCar. Now, when a user asks the virtual...
Ben Salisbury | January 24, 2023 | Automotive, Digital Auto Retail
U.S.-based AI-driven lending platform UpStart has unveiled two new applications for its UpStart Auto Retail platform. UpStart partners with banks and credit unions...
Prabhu | January 23, 2023 | Automotive, Digital Auto Retail, Financials / Deals
DEG, the investment arm of German state-owned bank KfW, is to invest INR850 million ($10 million U.S) in India-based WheelsEMI Pvt. Ltd., the parent company of...
Andrzej Sowula | January 23, 2023 | Automotive
AutoWallis Group has completed the purchase of Net Mobilitás from WAM Immobilia Ingatlanutilizátó és Üzemeltető Zrt in an all-share deal. Both companies are based...
Ben Salisbury | January 20, 2023 | Automotive, Digital Auto Retail, People on the Move
Reports suggest that Cazoo is to move ahead quickly with the office closures and redundancies outlined in its recent results announcement. Earlier this week, Cazoo...
Greg Spencer | January 20, 2023 | Automotive, Digital Auto Retail, People on the Move
Online used-car dealer Vroom has laid off 275 workers, or 20% of its staff, in an effort to stay afloat following poor third-quarter earnings and a deteriorating...
Ben Salisbury | January 20, 2023 | Automotive, Digital Auto Retail
Germany-based used-vehicle marketplace Adesa has consolidated its domestic platform Adesa GWListe and its U.K. counterpart into a single business unit —...
Patrick Kosmider | January 22, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Auto1 Group SE, an online platform for buying and selling secondhand motors in Europe, has signed a lease for a production center in Oosterhout, the Netherlands,...
Greg Spencer | January 18, 2023 | Automotive
CarOffer, an online vehicle wholesaler majority owned by CarGurus, has announced that it has beefed up vehicle inspections to provide dealers with a service that’s...
Ben Salisbury | January 18, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Creditors of British online automotive business Carzam which went bust in June are unlikely to get any money back, according to a progress report from...
Ben Salisbury | January 18, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Cazoo has announced its latest quarterly financial performance and set out a revised strategic plan for 2023, which includes closing some parts of the business,...
Damian Shore | January 18, 2023 | Automotive
Madrid-based Renting Finders, which offers long-term car rental for a fixed monthly fee, has been selected to participate in Lanzadera, which describes itself as...
Damian Shore | January 18, 2023 | Automotive, Niche Marketplaces
Spain-based Momovem, a platform for individuals to rent out their motorcycles by the day, is to launch rentals of new motorcycles by the month, and plans to expand...
Greg Spencer | January 17, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Carvana's board of directors has adopted a “poison pill” strategy to deter any investor from building a stake of 5.0% or more in the struggling digital auto...
AIM Group | January 17, 2023 | Automotive
A survey commissioned by AutoScout24 in the Netherlands has found that more than one in ten (13%) adults are interested in buying a secondhand electric car. By...
Ben Salisbury | January 16, 2023 | Automotive, Digital Auto Retail
U.K.-based Auto Trader has launched Vehicle Insight to enable dealers to receive vehicle data. Vehicle Insight collates key performance indicators (KPIs) on all of...
Deb Stowe | January 16, 2023 | Automotive, Real Estate, Marketplaces
Facebook users will no longer be able to create vehicle and property/rental listings from a Facebook business page, parent company Meta has announced. The Vehicles...
Andrzej Sowula | January 16, 2023 | Automotive
Aures Holdings-owned auto verticals AAAAuto, Mototechna, Auto Diskont and Driverama sold 89,100 cars in 2022, the best sales result in the company’s history. Aures...
