Automotive


Taoche makes late summer push in users

Taoche makes late summer push in users

Taoche (淘车), the used auto financing and transaction platform launched by Yixin Capital Ltd. (易鑫), has taken off in terms of mobile users over the past few months. Since July monthly mobile users of Taoche have risen from 200,000 to over 1.2 million, according to the latest quarterly report from QuestMobile.


AutoTrader powers new insurance data tool

AutoTrader powers new insurance data tool

AutoTrader.co.uk, the top auto vertical in the U.K., is using its data to power a new repair-assessment tool for British insurance brand Aviva. The tool helps Aviva determine via phone if a car is a total write-off, rather than waiting for the vehicle to be assessed by a mechanic.


PSA Group launches c-to-c site Carventura

PSA Group launches c-to-c site Carventura

Groupe PSA, France’s leading car manufacturer, continued its foray into the online used-auto market by launching Carventura, a site for transactions among individuals which also offers services of auto dealers, including vehicle inspections, appraisals, anti-fraud solutions, and warranties.


Gumtree Auto closes in on AutoTrader – EM

Gumtree Auto closes in on AutoTrader – EM

In September, Gumtree Auto, the auto category of Gumtree South Africa, edged past Cars.co.za to become the country's second-most-popular auto site as measured by unique visitors behind AutoTrader.co.za. In September, a mere 300,000 unique browsers separated the top three sites, according to audience stats company Effective Measure (EM).


More detail emerges on IPO of Yixin Capital

More detail emerges on IPO of Yixin Capital

Yixin Group has submitted an initial application to list on the Hong Kong Stock Exchange by the end of 2017. It is now being reported that the application set the expected size of the IPO well below some expectations - at around $800 million U.S..


CarGurus share price soars 72% on listing day

CarGurus share price soars 72% on listing day

CarGurus’ long-awaited listing on the Nasdaq Stock Exchange went off sensationally well for the company yesterday when the share price spiked more than 72 percent on the first day of trading. The company’s share had been priced to list at $16 U.S. --- already higher than expected --- but jumped to $27.58 by the end of the day.



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