Automotive

Carvana resumes sales in Illinois “under strict guidelines”

Greg Spencer | May 26, 2022 | Automotive

Authorities in Illinois have reinstated Carvana’s dealer license, announcing the company may resume selling cars there as it works to resolve customer complaints...

LetGo Turkey’s Otoplus completes CRM integration, leapfrogs in traffic

Tariq Ahmed Saeedi | May 26, 2022 | Automotive

Otoplus, an auto vertical of OLX Group-backed horizontal LetGo Turkey, has completed the Salesforce customer relationship management (CRM) integration Number of...

Mobile.de joins forces with Bank11

Patrick Kosmider | May 27, 2022 | Automotive, Financials / Deals

Germany-based auto marketplace Mobile.de and Bank11 will cooperate to provide car dealers with the means to sell vehicles through financing and on subscription....

Auto Trader FY2022: Record profits and ARPR for U.K. leader

Ben Salisbury | May 26, 2022 | Automotive, Digital Auto Retail, Financials / Deals

Leading British automotive marketplace Auto Trader has published record results for the year to March 2022 with CEO Nathan Coe calling them “the best financial and...

AutosBuzz: Online sales accelerate, but digital giants pose major threat

Damian Shore | May 25, 2022 | Automotive, Marketplaces, REPORTS

AutosBuzz returned after a three-year hiatus to a highly charged atmosphere of disruption and optimism This article is locked. Please email info@aimgroup.com for...

CarNow names CDK vet Michael Seeman as SVP

Greg Spencer | May 25, 2022 | Automotive, Digital Auto Retail, People on the Move

Digital retail vendor CarNow has named CDK Global vet Michael Seeman as SVP of OEM relations and national accounts. In his new job, Seeman will lead the...

Gupta leaves Marshall following Constellation Automotive’s buyout

Ben Salisbury | May 25, 2022 | Automotive, Digital Auto Retail, People on the Move

The highly respected CEO of Marshall Motor Group Daksh Gupta has announced he will leave his post with immediate effect following confirmation last week that...

Auto Trader to power used car pages of WhatCar? and Autocar

Ben Salisbury | May 25, 2022 | Automotive, Digital Auto Retail, Financials / Deals

British used car automotive marketplace Auto Trader will power the used car pages of auto selling websites What Car? And Autocar from July 1, the company said in a...

Adevinta Q1 2022: Motors back in growth zone

Lars Herlin | May 25, 2022 | Automotive, Real Estate, Marketplaces, Financials / Deals

Adevinta has presented a Q1 report with some strong numbers for transactions. This article is locked. Please email info@aimgroup.com for more information....

CarWow appoints Alistair White as head of sales

Ben Salisbury | May 23, 2022 | Automotive, Digital Auto Retail, People on the Move

British online automotive marketplace CarWow has continued its recent recruitment drive with the appointment of Alistair White as its new head of sales. White...

Thailand-based Kaidee Auto positive after strong quarter

Jacopo Natali | May 23, 2022 | Automotive, Financials / Deals

Thailand-based Kaidee Auto expects to reach profitability within two years after its Q1 2022 results showed a 53% increase compared to the same period in 2021 and...

Autochek expands into North Africa with Kifal acquisition

Adegoke Seun | May 23, 2022 | Automotive, Financials / Deals

Autochek Africa, a leading pan-African automotive marketplace has acquired KIFAL Auto, a Morocco-based auto vertical startup, to drive its North African expansion....

Big Motoring World appoints Vaughan as executive chairman

Ben Salisbury | May 23, 2022 | Automotive, People on the Move

Used car supermarket Big Motoring World has appointed Laurence Vaughan as its new executive chairman. This article is locked. Please email info@aimgroup.com for...

Egypt-based Sylndr raises $12.6M for digital auto retail

AIM Group | May 23, 2022 | Automotive, Financials / Deals

Sylndr, an Egypt-based used cars marketplace, has raised $12.6 million in pre-seed funding round to build team, tech infrastructure, and branding campaigns… This...

Spanish marketplaces company Vocento launches car subscription service

Damian Shore | May 23, 2022 | Automotive

Spanish media company Group Vocento has launched car subscription service that is integrated into its automotive marketplaces. This article is locked. Please email...

Carvago reports strong increase in sales

Andrzej Sowula | May 20, 2022 | Automotive, Financials / Deals

Auto vertical Carvago.com saw a turnover of CZK 750 million ($32 million U.S.) in FY2021 while in March reported a year-on-year increase in sales by 600%,...

Denis Belan takes over management of Auto1

Patrick Kosmider | May 20, 2022 | Automotive, People on the Move

Germany-based digital automotive dealer Auto1 is under new management. Robert Lasek, MD and VP Germany of the Auto 1 Group, leaves the company after nine years of...

Carsome Indonesia teams up with Bank Jago

Jacopo Natali | May 23, 2022 | Automotive

The Indonesian division of c-to-b-to-c automotive marketplace Carsome has signed a collaboration agreement with Indonesian Bank Jago Tbk in order to distribute...

Taiwan-based ABCCar unveils digital auto retail

Tariq Ahmed Saeedi | May 19, 2022 | Automotive, Digital Auto Retail

Taiwan-based auto marketplace ABCCar.com.tw has introduced digital auto retail and escrow payment services to promote transparency and security in its used car...

Aramis Group fully acquires digital car retailer Clicars

Damian Shore | May 19, 2022 | Automotive, Digital Auto Retail, Financials / Deals

Spanish digital car retailer Clicars has been fully acquired by Aramis Group. Europa Press reported that the value of the transaction exceeded €100 million ($104.7...

Korea-based equity firm VIG Partners weighs AutoPlus’s selloff

Tariq Ahmed Saeedi | May 18, 2022 | Automotive, Digital Auto Retail, Financials / Deals

South Korea-based private equity firm VIG Partners (formerly known as Vogo Investment Group) has started a process to divest from auto marketplace AutoPlus,...