Greg Spencer | September 29, 2023 | Automotive, Marketplaces
A former Tesla executive has launched a used EV wholesale marketplace in the U.S., saying dealers need a specialist platform to accurately assess second-hand...
Ben Salisbury | September 29, 2023 | Automotive, Digital Auto Retail
The proportion of U.K. car buyers who say they will never buy an EV has nearly doubled following the U.K. government’s U-turn on the date of the ban of the sale of...
Damian Shore | September 29, 2023 | Automotive
Adevinta Spain’s Coches.net — the leading used car marketplace in the country — has launched a five-tier pricing package for dealers. These packages...
AIM Group | September 28, 2023 | Automotive, Financials / Deals
Japan-based used-car company Big Motor Co. Ltd. has reduced its stake in Idom Inc., Reuters report. Tokyo-listed Idom was founded in 1994 and has hundreds of...
Greg Spencer | September 28, 2023 | Automotive, People on the Move
Following layoffs and the appointment of a new CEO this summer, publicly traded auto marketplace TrueCar has named a new CFO, chief revenue officer (CRO) and head...
Tariq Ahmed Saeedi | September 28, 2023 | Automotive
China-based auto marketplace Guazi.com has released results of its research related to used-car buying and inspection for the second quarter of 2023, finding 52%...
AIM Group | September 27, 2023 | Automotive
Less than one year after launching in Côte d’Ivoire (Ivory Coast), auto marketplace Auto24.Africa has expanded into four new countries — Morocco,...
Hasan Aga | September 27, 2023 | Automotive
Saudi Arabia-based automotive marketplace Motory.com has expanded into neighboring Jordan, and the company maintains that this is the beginning of a wider regional...
Tariq Ahmed Saeedi | September 27, 2023 | Automotive, Financials / Deals
Auto marketplace EnCar.com has filed a review application with the Korean Stock Exchange (KRX) as the first step to explore the possibility of initial public...
Ignacio Landivar | September 27, 2023 | Automotive, Digital Auto Retail
Germany-based digital auto retailer AutoScout24 has launched an AI-based tool designed to help dealers place ads that are better targeted and enjoy increased...
Ben Salisbury | September 26, 2023 | Automotive, Digital Auto Retail
EBay Motors U.K. is launching a new Assured Fit guarantee to help car owners find the right part, according to a news release from the company. The new product...
Ben Salisbury | September 26, 2023 | Automotive, Digital Auto Retail
AIM Group spoke with Auto Trader’s head of commercial products, Karolina Edwards-Smajda, earlier this month about four key areas for the U.K.’s leading automotive...
Ben Salisbury | September 25, 2023 | Automotive
According to U.K.-based auto marketplace CarWow, the number of cars it sells to dealers through its online reverse-auction website is expanding rapidly....
Ben Salisbury | September 25, 2023 | Automotive, People on the Move
Cox Automotive Europe has appointed Stuart Perham as chief information officer (CIO). Perham (LinkedIn profile) joins from fleet management company Rivus, where he...
Tariq Ahmed Saeedi | September 25, 2023 | Automotive
Turkey-based used-car buyer and retailer VavaCars has launched the monthly VavaAI Price Index, making its pricing data public for the first time. VavaCars, founded...
Tariq Ahmed Saeedi | September 22, 2023 | Automotive, Financials / Deals
According to media reports, Big Motor Co. Ltd. intends to sell the 5.7% stake in Idom that it acquired in 2018, but the latter has denied this in a statement. Both...
AIM Group | September 21, 2023 | Automotive, Real Estate, Recruitment, Marketplaces, Financials / Deals
Updated 22 Sep with information on share-price movements and additional background information Adevinta is up for grabs. The multinational marketplace company,...
Hasan Aga | September 21, 2023 | Automotive
Dubai-based used-car marketplace DubiCars has unveiled a car comparison tool. The tool, available on its website and mobile app, allows customers to compare up to...
Damian Shore | September 21, 2023 | Automotive
The size distribution of car dealerships in Spain changed significantly between 2018 and 2022, according to data collected from the government’s Instituto...
Tariq Ahmed Saeedi | September 20, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Uxin, a leading e-commerce service for buying and selling used cars in China, has received RMB1.5 billion ($206 million U.S.) investment commitment from Hefei...
Ben Salisbury | September 20, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Cazoo has agreed terms with its bond holders to allow it to restructure its debt, according to a statement. The company, listed on the NYSE, has been in talks with...
Ben Salisbury | September 19, 2023 | Automotive, Digital Auto Retail, Financials / Deals
A new automotive marketplace has launched in the U.K. by an entrepreneur who was involved in two businesses that were eventually sold to CarWow. Sebastien Duval,...
Ignacio Landivar | September 19, 2023 | Automotive, Financials / Deals
Berlin-based electric vehicle (EV) marketplace Cardino has closed a €1.0 million ($1.07 million U.S.) pre-seed investment round led by Silence VC and FJ Labs....
Greg Spencer | September 18, 2023 | Automotive, People on the Move
Atlanta, Georgia-based Cox Automotive, the operator of major U.S. auto classified sites Autotrader.com and Kbb.com, has named 11-year company veteran Scott...
Ben Salisbury | September 18, 2023 | Automotive, Digital Auto Retail
The annual CarGurus U.K. Consumer Insights Survey, which analyzes trends in car buying and selling, has found that a majority of U.K. buyers want more digitization...
Tariq Ahmed Saeedi | September 18, 2023 | Automotive, Real Estate, Financials / Deals
Less than six months after it was founded, GariBaree.com, a Bangladesh-based marketplace for cars and property, has raised its first external investment. The...
Hasan Aga | September 18, 2023 | Automotive
Dubai-based used car marketplace DubiCars has unveiled a car comparison tool. The tool, available on its website and mobile app, allows customers to compare up to...
Tariq Ahmed Saeedi | September 15, 2023 | Automotive
Used-car marketplace Guazi.com, which recently pivoted to c-to-b-to-c from c-to-c model, has officially launched a 7-day test drive service for used-car buyers,...
Ben Salisbury | September 15, 2023 | Automotive, Digital Auto Retail
The lack of supply of new cars in recent years is going to significantly impact the ability of U.K. car supermarkets to source used cars in the 3-5-year age...
Jacopo Natali | September 15, 2023 | Automotive, Financials / Deals
Malaysia-based automotive marketplace Carsome is seeking new funding, according to CEO Eric Cheng. The company was valued at $1.7 billion U.S. in a fundraising...
