HeyCar appoints new business development director
HeyCar, a German used auto vertical launched by Volkswagen Financial Services in 2017, has appointed Bertrand Parizot as its new business development director.
Automotive
CarSales writes down Stratton value by $33 million U.S.
CarSales will book a $33.4 million U.S. impairment charge against its finance business Stratton Finance, after legislative changes and tighter lending practices significantly dampened revenue and profits.
Americas Car Group launches Argentinian auto sites
Americas Car Group (ACG), the Americas-focused arm of Berlin-based Frontier Car Group (FCG), has launched two Argentinian auto verticals, the company said.
BanxeHoi rebrands to Oto.com
Auto marketplace BanxeHoi.com, a sister concern leading Vietnamese property vertical BatDongSan.com.vn, has decided to rebrand its domain name to Oto.com.vn from next year.
Philipp Schwenke becomes new InstaMotion MD
German used car vertical InstaMotion has a new managing director in Philipp Schwenke. Although he started his new position in October, his appointment was never publicly announced. He quietly updated his LinkedIn and Xing profiles this week.
AutoNation leads Vroom investment of $146 million
Vroom just keeps vrooming along. The latest round, led by AutoNation, brings the total investment in the company to $440 million.
Cars.com cuts 100 dealer sales reps
Are the 100 eliminated positions based on organizational efficiency or a reaction to investor pressure?
News and convenience serves AutoDeal well
AutoDeal is the No.1 auto marketplace in the Philippines because it's able to function as a strong platform or conduit of connecting car buyers with car dealers. It is also a haven for the latest automotive news, reliable car reviews, and practical tips and guides to owning and maintaining cars.
CarDekho raises $100 million from Sequoia
Gurugram-based, Indian auto marketplace CarDekho is due to receive $100 million in funding from Sequoia Capital.
BitAuto overhauls app experience
Chinese auto information and transaction provider BitAuto (BITA) has introduced several upgrades to its app. The upgrades were made to enhance the user experience, attract traffic from younger users, and increase user stickiness, through content and social features, Bitauto CEO Andy Zhang disclosed.