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Carsome in talks to raise $40 million

Malaysia-based auto marketplace Carsome is reportedly raising $40 million in a Series C funding round due to close at the end of the year. According to various sources, the start-up has a current value of at least $110 million. Carsome’s fundraising efforts come...

Kelly Blue Book expands in Canada

Cox Automotive Inc. subsidiary Kelly Blue Book will launch new vehicle-valuation services in Canada in both French and English: the country’s two official languages. The rollout includes: MarketLens, which allows used-car sellers to input vehicle identification...

Auto Trader alters search algorithm

Leading British automotive vertical AutoTrader.co.uk has introduced changes to its search algorithm functionality to give higher priority to the search criteria consumers select. The adjustment follows testing that showed the change would create 10% more leads than...

HeyCar launches in the U.K.

German used-car vertical HeyCar was launched in Britain today. The company was first launched by Volkswagen Financial Services in Germany in 2017 and aimed to challenge the dominance of German market leaders Mobile.de and AutoScout24. HeyCar’s U.K. operations...

Trive debuts three-month test drive

Spanish auto marketplace Trive (at GoTrive.com) has debuted a three-month test drive for used and nearly new vehicles. The service — called 1,2,3… Compra (1,2,3…Buy) — allows clients to use a car for up to 90 days before purchase. Trive...