Taoche (淘车), the used auto financing and transaction platform launched by Yixin Capital Ltd. (易鑫), has taken off in terms of mobile users over the past few months. Since July monthly mobile users of Taoche have risen from 200,000 to over 1.2 million, according to the latest quarterly report from QuestMobile.
AutoTrader.co.uk, the top auto vertical in the U.K., is using its data to power a new repair-assessment tool for British insurance brand Aviva. The tool helps Aviva determine via phone if a car is a total write-off, rather than waiting for the vehicle to be assessed by a mechanic.
Groupe PSA, France’s leading car manufacturer, continued its foray into the online used-auto market by launching Carventura, a site for transactions among individuals which also offers services of auto dealers, including vehicle inspections, appraisals, anti-fraud solutions, and warranties.
In September, Gumtree Auto, the auto category of Gumtree South Africa, edged past Cars.co.za to become the country's second-most-popular auto site as measured by unique visitors behind AutoTrader.co.za. In September, a mere 300,000 unique browsers separated the top three sites, according to audience stats company Effective Measure (EM).
Yixin Group has submitted an initial application to list on the Hong Kong Stock Exchange by the end of 2017. It is now being reported that the application set the expected size of the IPO well below some expectations - at around $800 million U.S..
Guazi ershouche (瓜子二手车), one of China’s leading c-to-c, used-auto transaction platforms, launched a new-auto site, fronted by superstar AngelaBaby, who has 84 million followers on Weibo (that's her on the screenshot).
CarGurus’ long-awaited listing on the Nasdaq Stock Exchange went off sensationally well for the company yesterday when the share price spiked more than 72 percent on the first day of trading. The company’s share had been priced to list at $16 U.S. --- already higher than expected --- but jumped to $27.58 by the end of the day.
AutoScout24 (AS24), Germany’s No. 2 auto platform, rolled out an app for dealers that enables them to create 360-degree photos of autos to include in their ads. AutoScout360, as it’s called, launched this week.
Yixin Capital Ltd. (易鑫集团, otherwise known as Daikuan.com, Yixin Chedai or Yixin Group), China’s leading provider of used- and new-auto financing and transactions, is rumored to be eyeing an IPO in the near future.
Looking for an example of how Big Data can work across multiple classified sites? Cox Automotive provided a killer case study with a new data-sharing program announced by subsidiary Dealer.com.