Leading Turkish used auto vertical Arabam.com has upgraded its website to offer users a faster and more effective online experience. The most notable change is its search function, which now features more prominently on the homepage. The website, which hosts around 150 thousand listings, has also added a price comparison tool. Arabam.com general manager Zeynep Oran Cakiroglu (LinkedIn profile) told the AIM Group the site has changed its interface...
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The used auto site Auto4you.de, launched by German Used Auto Guarantee Corporation (GGG) just two weeks ago, has been temporarily shut down due to a legal snag: a dispute over the name. Auto4You, a used auto dealership in Berlin, petitioned the court to stop the auto site from operating under the same name on the grounds it is a “corporate identifier.” The site will relaunch...
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In the U.K., mobile-first marketplace Shpock has launched Shpock+ Motors --- a new online platform for professional car dealers. The launch coincides with high volume TV, radio, and online advertising campaigns.
The growing used car market in India has auto verticals vying for the top stop. A new entrant BlueJack is set to raise close to $1 million (₹6.5 crores) in a pre-Series A funding round led by WaterBridge Ventures.
InstaMotion, a German used auto vertical, has introduced a program allowing owners of older diesel models to trade them in for more updated diesel or gasoline-powered cars, it announced yesterday (in German). The company is taking advantage of the sharp drop-off in sales of used diesel vehicles as a result of pending legislation which will make older models illegal in some cities. Founded in 2015,...
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The Alibaba-backed mobile marketplace Xianyu is employing a novel approach to secure a place in the hyper-competitive used auto sector in China. The platform’s c-to-b used auto channel, “Fast and Safe [Auto] Sales” (信用速卖) was first launched, on a preliminary basis, in collaboration with Alibaba’s in-house used auto site che168.com (阿里二手车) late last year. “Fast and Safe [Auto] Sales” operates on the same principle as...
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Germany’s largest auto vertical Mobile.de has rolled out a visibility product for dealers who can now pay an extra fee per listing for Inseratsturbo (“Ad Turbo”) to push ads higher in search results, the company announced last week (in German). In doing so, the auto site also created another tier in the search results it presents to users, introducing a “sponsored” area, where Inseratsturbo ads are...
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Indian auto marketplace Droom is preparing for an initial public offering (IPO) by the end of 2019. The company also announced plans to boost net revenue, targeting $42 million and $107 million in revenues by the end of 2018 and 2019 respectively. Droom CEO Sandeep Aggarwal (LinkedIn profile) said that the decision to go public comes after 40 months of productive operations, resulting in a...
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Germany’s largest auto site Mobile.de has suffered a setback in its seven-year legal battle over the rights to its business name and logo. The Court of Justice of the European Union (ECJ) ruled that proceedings to cancel Mobile.de GmbH’s rights to its name and logo by Bulgarian auto site Mobile.bg can go forward after they were paused pending a decision by the court. Rezon Media, Mobile.bg’s parent...
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Chatbots and virtual voice assistants are in the pipeline at leading Australian auto site CarSales, but its artificial intelligence (AI)-powered image recognition software, Cyclops, remains the priority.
