Andrzej Sowula | June 09, 2023 | Automotive
In Hungary, the auto vertical Kocsi.hu has integrated ChatGPT into its posting system to automate generating the description of autos for sale, according to a...
Damian Shore | June 09, 2023 | Automotive
Madrid-based Motoreto, an online platform that works with used-car dealers to help them drive sales, launched in France and Italy earlier this year, website...
Ben Salisbury | June 07, 2023 | Automotive, Digital Auto Retail, Financials / Deals
BCA Europe has signed a long-term agreement to increase and further develop remarketing activities in Europe for both ALD Automotive and LeasePlan, according to a...
AIM Group | June 07, 2023 | Automotive, Financials / Deals
France-based Free2Move is now offering mobility services to individuals and businesses in Greece in partnership with Syngelidis Automotive, the official importer...
Angela Hawksford | June 06, 2023 | Automotive, People on the Move
Australia-based auto vertical CarSales has appointed Susan Massasso to its board as a non-executive director. Massasso, whose appointment is effective from 14...
Damian Shore | June 06, 2023 | Automotive, Niche Marketplaces, Digital Auto Retail, Financials / Deals
Barcelona-headquartered MundiMoto, which buys, reconditions and sells used motorcycles, has closed a €10.0 million ($10.7 million million U.S.) funding round,...
Ben Salisbury | June 06, 2023 | Automotive, Digital Auto Retail
New research has found an increase in the proportion of cars bought in the U.K. without trade-ins. JudgeService, a customer service review platform found the...
Ben Salisbury | June 06, 2023 | Automotive, Digital Auto Retail
U.K.-based used-car supermarket Big Motoring World is to move its headquarters to a larger premises in the same business park in Kent as it prepares to launch a...
Tariq Ahmed Saeedi | June 06, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Updated with comment from CarSales. South Korea-based auto marketplace EnCar is considering an initial public offering (IPO) on the Korea Composite Stock Price...
AIM Group | June 06, 2023 | Automotive, People on the Move
Burcu Yakupoğlu Silan (pictured) has been appointed head of brand at Kavak MEA, according to a LinkedIn announcement. Silan (LinkedIn profile) has been working for...
Ben Salisbury | June 05, 2023 | Automotive, Digital Auto Retail, People on the Move
Auto Trader Group has appointed Matt Davies as its new chairman, according to a statement from the group. Davis will join the board on July 1 and is expected to...
Nik Flegont | June 03, 2023 | Automotive, Digital Auto Retail
Avito Classifieds’ 'Avtoteka' service for checking used cars now allows buyers to search for information on damaged cars sold at auctions abroad. According to...
Greg Spencer | June 02, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Carvana’s effort to reduce its debt burden through a bond exchange with creditors has failed, the company has disclosed. In March, Carvana told its bondholders it...
Greg Spencer | June 01, 2023 | Automotive, Marketplaces
Cars.com, a top-3 U.S. automotive site, is marking its 25th anniversary with a comprehensive rebrand, including a redesigned logo and a new tagline. The rebrand...
Ben Salisbury | June 01, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Auto Trader has revealed another strong set of numbers in its FY 2022 financial results. In the year to March 31, 2023, in which trading was affected by...
Ben Salisbury | May 31, 2023 | Automotive, Digital Auto Retail
U.K. consumers continue to want to have physical and digital parts to the car buying process, according to Auto Trader. In an interview with Car Dealer Magazine,...
Ben Salisbury | May 31, 2023 | Automotive, Digital Auto Retail, Financials / Deals
VinFast, part of Vingroup, the largest private corporation in Vietnam, has agreed a new deal with used car marketplace BCA Europe to create a “fully digital and...
Davide Rasconi | May 30, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Germany-based digital auto retailer AutoScout24 has launched AutoProff, its wholesale auction site for used cars, in Italy via its local subsidiary AutoScout24.it....
Damian Shore | May 30, 2023 | Automotive, Marketplaces, Digital Auto Retail
Barcelona-based MundiMoto, which buys, reconditions and sells motorcycles and scooters, has launched MotoComponentes, a marketplace for used motorcycle parts and...
David Loji | May 30, 2023 | Automotive, Marketplaces
E-commerce and classifieds giant Mercado Libre has teamed up with financial services company Creditas to offer financing solutions to used-car buyers in Mexico....
Damian Shore | May 29, 2023 | Automotive, Digital Auto Retail
Revenue at Madrid-headquartered digital auto retailer Clicars fell by 2.6% year on year (y-o-y) during the six months to March 2023 (H1 FY2023), according to the...
Deb Stowe | May 26, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Greece-based digital auto retailer SpotAWheel and OTP Leasing Romania have launched verified used car platform Verified Used Vehicles in Romania. After a customer...
Tariq Ahmed Saeedi | May 26, 2023 | Automotive, Digital Auto Retail, Financials / Deals
South Korea-based digital auto retailer KCar has partnered with data analytics company Emro to launch an AI-powered inventory management system. The tool is an...
Charles Lavery | May 26, 2023 | Automotive, Marketplaces, Digital Auto Retail, Financials / Deals
Singapore-based online used car platform Carro has reported EBITDA of $4.0 million for the 12 months to March 2023 (FY2023), according to a press release from the...
Nik Flegont | May 25, 2023 | Automotive, Real Estate, Financials / Deals
Vladimir Putin has approved the sale of Russia's biggest IT company Yandex to a group of Russian billionaires, local media report. Parent company Yandex N.V.,...
Patrick Kosmider | May 24, 2023 | Automotive, Niche Marketplaces
France-based Motul, a manufacturer of lubricants for engines and industry, is expanding its business model by launching a motorcycle-subscription programme in...
AIM Group | May 24, 2023 | Automotive, Financials / Deals
France-based car leasing company ALD has completed the acquisition of its Netherlands-based counterpart LeasePlan in a cash and stock deal worth €4.8 billion ($5.2...
Damian Shore | May 24, 2023 | Automotive, Real Estate, Recruitment, Financials / Deals
Revenue at Adevinta Spain rose by 11% year on year (y-o-y) to €56 million ($60.4 million U.S.) during the first three months of 2023, according to a press release...
Damian Shore | May 23, 2023 | Automotive, Real Estate, Recruitment, Marketplaces, Financials / Deals
Strong increases in both transactional revenue and average revenue per account (ARPA) drove double-digit year-on-year (y-o-y) growth in revenue at Oslo-based...
Greg Spencer | May 23, 2023 | Automotive, Digital Auto Retail
CarGurus says it is still considering its option to buy the remaining interest in CarOffer — despite problems the digital wholesaler has suffered over the last...
