Nik Flegont | December 06, 2023 | Automotive
Yandex-owned Auto.ru has introduced an Index of Customer Service (ICS) to help dealers gauge customer satisfaction. As a result, they now have access to detailed...
Nik Flegont | December 06, 2023 | Automotive, Recruitment
Yandex subsidiary Auto.ru and job board HeadHunter (hh.ru) have created a regional index of car affordability for Russia, CNews.ru reports. According to the two...
Angela Hawksford | December 05, 2023 | Automotive
Gumtree Australia has launched an instant-cash-offer product in partnership with CarBuyers.com.au, the car-purchasing arm of dealer group Australian Automotive...
AIM Group | December 05, 2023 | Automotive, Digital Auto Retail, Financials / Deals
WeBuyCars, a South Africa-based auto vertical with vertically integrated e-commerce and physical infrastructure, saw its revenue grow 11.7% during the financial...
AIM Group | December 05, 2023 | Automotive
Netherlands-based auto site ViaBovag.nl has introduced financing and insurance services a couple of days after auto fintech service Bovemij decided to make it...
Christine Won | December 05, 2023 | Automotive, Digital Auto Retail, Financials / Deals
South Korea-based digital auto retailer Carmerce has acquired AJ SellCar, the online car sales division of auto trading company Auto Hub Sell Car — a...
Angela Hawksford | December 04, 2023 | Automotive, Financials / Deals
Japan-based automotive company Optimus Group has acquired a controlling 51% stake in AutoTrader.co.nz, the distant No. 2 auto site in New Zealand, for an...
Greg Spencer | December 04, 2023 | Automotive, Financials / Deals
U.S. automotive marketplace CarGurus has completed its previously announced plan to buy the rest of digital wholesaling company CarOffer. Having purchased 51% of...
Deb Stowe | December 04, 2023 | Automotive, Digital Auto Retail
Luxembourg-based auto marketplace MyCar.lu has launched an AI-based picture search feature on its app that lets users find the make and model of any car they...
Prabhu | December 02, 2023 | Automotive, Digital Auto Retail, Financials / Deals
India-based used-car marketplace CarDekho has acquired a majority stake in Revv, a Gurugram-based self-drive car rental startup. Join now to access the full...
Hasan Aga | December 01, 2023 | Automotive, Digital Auto Retail
Kavak, a Mexico-based online marketplace for used cars, has announced the launch of the Kavak Autocare Service Center in Dubai. The 150,000-square feet service...
AIM Group | December 01, 2023 | Automotive
Auto fintech service Bovemij has made its auto vertical ViaBovag.nl as an independently operating entity to sharpen focus of both on their core expertise....
Andrzej Sowula | December 01, 2023 | Automotive, Digital Auto Retail, People on the Move
Peter Hameister --- a former head of international markets at Germany-based Mobile.de --- has joined Lithuania-based used car marketplace Caramba.lt as an advisor...
Ignacio Landivar | December 01, 2023 | Automotive
Mobile.de has announced that it will expand into e-bikes next year, with the Adevinta-owned company aiming to become “one of the largest commercial marketplaces...
Ben Salisbury | November 30, 2023 | Automotive, Digital Auto Retail
U.K.-headquartered car marketplace CarWow has unveiled a new logo as “part of a full refresh of its brand identity.” Carwow hopes the rebranding...
Ben Salisbury | November 30, 2023 | Automotive, Digital Auto Retail
U.K.-based Auto Trader has revealed the findings of its annual ‘mystery shopping’ exercise, which it says shows what makes some dealers stand out from...
Deb Stowe | November 29, 2023 | Automotive, Digital Auto Retail, People on the Move
Online car dealer Vroom posted total Q3 revenue of $236 million, down by 30.9% on Q3 2022. The company had e-commerce revenue of $150 million in Q3, a 33.5% fall...
Ben Salisbury | November 29, 2023 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based auto marketplace CarWow has closed its second crowdfunding campaign, raising £3.1 million ($3.9 million) from 2,957 investors on CrowdCube — more...
AIM Group | November 29, 2023 | Automotive, Marketplaces, Financials / Deals
Marketplace specialist Prosus has posted strong growth for its classifieds business unit for the six months to September (H1 FY 2024), driven by European auto...
Damian Shore | November 29, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Revenue at Spain-based digital auto retailer Clicars fell by 8.0% year on year (y-o-y) to €340 million ($374 million U.S.) during the 12 months to September 2023...
Ignacio Landivar | November 28, 2023 | Automotive
With consumer interest in electric vehicles continuing to accelerate in Europe, the leading automotive marketplace in Germany, Adevinta-owned Mobile.de, has added...
Tariq Ahmed Saeedi | November 28, 2023 | Automotive, Digital Auto Retail, Financials / Deals
In its financial reporting for the three months to June (Q1 FY2024), China-based used-car retailer Uxin expressed doubt over its ability to continue as a going...
Damian Shore | November 28, 2023 | Automotive, Real Estate, Marketplaces, Financials / Deals
Revenue at the Classifieds division of Spain-based media company Grupo Vocento rose by 5.0% year on year (y-o-y) to €20.7 million ($22.7 million U.S.) during the...
Christine Won | November 28, 2023 | Automotive, Financials / Deals
South Korea-based Lotte Rental is to purchase an additional 587,413 shares in Socar — its main competitor — for KRW26.5 billion ($20.5 billion U.S.),...
Ignacio Landivar | November 28, 2023 | Automotive
Adesa Europe, which is based in Belgium, and Adesa U.K. — subsidiaries of U.S.-based used car wholesaler Openlane (formerly KAR Global) — have been...
Nik Flegont | November 27, 2023 | Automotive
Russia-based IT giant Yandex's Auto.ru vertical has introduced interactive profiles for dealers that allow them to communicate with users in a format reminiscent...
Tariq Ahmed Saeedi | November 27, 2023 | Automotive, Financials / Deals
Just a couple of months after Turkish government approved the acquisition of horizontal marketplace LetGo Turkey and its car-buying business OtoPlus by...
Ben Salisbury | November 27, 2023 | Automotive, Digital Auto Retail
U.K.-based dealer facing EBay Motors Group and its consumer website Motors.co.uk have become a single brand called Motors. The business will continue to provide...
Damian Shore | November 27, 2023 | Automotive, Niche Marketplaces, Financials / Deals
Spain-based Cüimo, a marketplace dedicated to buying and selling motorcycles, has raised €900,000 ($985,000 U.S.) in a funding round led by investment company...
Prabhu | November 24, 2023 | Automotive, Digital Auto Retail
Used-car marketplace Cars24 has launched a vehicle scrappage initiative, offering customers incentives including a road-tax discount. Join now to access the full...
