Ben Salisbury | January 23, 2020 | Automotive
Leading British auto vertical AutoTrader.co.uk is testing a new-car leasing service on its website. The new product is part of Auto Trader’s plan to establish itself in the new car market and suggests that the company may launch other Transportation as a Service...
Tariq Ahmed Saeedi | January 23, 2020 | Automotive, Financials / Deals
Tokyo-based used-car trader Idom Inc. saw operating profit more than double year-over-year to Y7.72 billion ($70 million U.S.) in the nine months leading up to Nov. 30, 2019. Idom’s operating profit amounted to Y2.83 billion in the corresponding period of the previous...
Luigi Serenelli | January 22, 2020 | Automotive, Marketplaces
Scout24 Schweiz AG announced that it is deploying programmatic online advertising for its marketplaces AutoScout24 and MotoScout24. The online web format, which is called Searchbackground, can be used on mobile devices and on the apps, too. Scout24 wants to align its...
Prabhu | January 17, 2020 | Automotive, Financials / Deals
Mahindra First Choice Wheels Ltd., a subsidiary of car manufacturer Mahindra & Mahindra, has acquired auto portal CarAndBike.com from NDTV Ltd. for ₹30.45 crores ($4.3 million U.S.). The acquisition is aimed at expanding Mahindra First Choice’s presence in...
Greg Spencer | January 17, 2020 | Automotive, Financials / Deals
CarGurus, the most visited used car marketplace in the U.S., has acquired Autolist, a small, privately held aggregator founded in San Francisco. Terms of the deal were not disclosed. CarGurus, which is based in Boston and boasts nearly 1,000 employees worldwide, will...
Ben Salisbury | January 17, 2020 | Automotive, Financials / Deals
Click Dealer and V12 Vehicle Finance will team up to offer dealers a single tool to manage used vehicle sourcing, wholesale stock funding and consumer finance. Called ClickStock, the portal offers dealers access to cars from independent auction companies. Each time a...
