Tootle beefs up marketing with Brainlabs partnership
British car selling platform Tootle.co.uk has announced a partnership with digital marketing agency Brainlabs.
Automotive
Scout24 accepts new takeover offer of $6.4 billion from two PE firms
Hellman & Friedman, and Blackstone, two private equity companies, have agreed to buy Scout24, the German classified / marketplace company, for $6.4 billion U.S.
WirKaufenDeinAuto.de transforms into a marketplace
The German used car purchasing site WirKaufenDeinAuto.de starts offering private buyers the possibility to buy vehicles directly on their platform. Until now, the site could only be used to sell vehicles.
BrumBrum raises $22.5 million
Italian vehicle marketplace BrumBrum has raised €20 million ($22.5 million) in a Series B round led by Accel. The site allows customers to complete the entire car purchasing process online.
U.K. carmakers expect to own car data
Most U.K. automotive executives expect carmakers not owners or drivers to own the data generated from connected cars in the future, according to KPMG’s Global Automotive Executive Survey 2019. Just 35 percent of executives said the owner/driver should own the data generated compared to 47 percent of customers who believe the owner or driver should be the sole owner of generated data. “Personal data is...
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Manheim launches trade-in valuation app
Leading vehicle remarketing company Manheim is launching a new app in the U.S. called the Manheim Express. The business is a subsidiary of Cox Automotive.
AutoScout24 and Autocasion join forces in Spain
The Spanish branch of AutoScout24 has formed a joint venture with Vocento Group auto vertical Autocasion.com. The combined listings and traffic of the two portals allow them to challenge market leader Coches.net, owned by Schibsted.
Profits down 82 percent at CarSales
Profits at CarSales, the No. 1 autos site in Australia, plummeted 82 percent to $11.1 million AUD, due to a $48 million AUD impairment charge on its finance business Stratton.
U.K. CMA approves proposed EBay acquisition of Motors.co.uk
The U.K. Competition and Markets Authority has approved the acquisition of Motors.co.uk, a second-tier automotive site in the U.K., by EBay Classifieds Group. It will be operated with Gumtree Motors and EBay Motors. The deal is expected to close in March.
Uxin accuses Guazi of faking revenue data
Chinese c-to-b and b-to-b used auto platform Uxin (Nasdaq: XIN) has accused rival Guazi of data fraud, in a statement posted via the company's WeChat account. It alleges that a Uxin investigation has found "huge" numbers of cases in which Guazi sales agents manipulated sales figures by offering unregistered refunds.