Ben Salisbury | January 06, 2022 | Automotive, Digital Auto Retail, People on the Move
British online used car marketplace Carzam has recruited Edgardo Savoy as its chief technology officer as the company increases its digital expertise. Savoy...
Tariq Ahmed Saeedi | January 06, 2022 | Automotive
Leading Bagladeshi horizontal Bikroy.com has expanded its transactional services in the auto category by introducing certified used cars for buyers. This article...
Tariq Ahmed Saeedi | January 06, 2022 | Automotive, Financials / Deals
The French leasing company ALD Automotive today announced an agreement to acquire its Netherlands-based counterpart LeasePlan for €4.9 billion ($5.5 billion). This...
Jacopo Natali | January 07, 2022 | Automotive, Financials / Deals
Southeast Asian c-to-b-to-c automotive marketplace Carsome has reported revenue of $327 million and a net loss of $18.83 million for the fiscal year ending Dec....
Deb Stowe | January 06, 2022 | Automotive, Real Estate, Marketplaces, People on the Move
SMG Swiss Marketplace Group, the joint venture created in November following the merger of Switzerland-based Scout24 Schweiz and TX Markets, has appointed Jens...
Danielle le Clus-Rossouw | January 05, 2022 | Automotive, Financials / Deals
South African start-up funding initiative Naspers Foundry that helps technology entrepreneurs develop and grow businesses, announced that it had made its eighth...
Greg Spencer | January 04, 2022 | Automotive, People on the Move
E Automotive Inc., a digital-commerce vendor serving North American car dealers, has named former Waze and Google executive Emma Weisberg as its first chief...
Léo Siqueira | December 31, 2021 | Automotive, People on the Move
ICarros, a leading Brazilian automotive vertical owned by Itaú bank, has appointed a new Chief Executive Officer (CEO), it said on a LinkedIn post. This article is...
AIM Group | December 30, 2021 | Automotive, People on the Move
Construction is scheduled to start in January on two new office buildings and two parking garages for online auto retailer Carvana in order to support the addition...
Alina Zaiets | December 29, 2021 | Automotive, Marketplaces, Financials / Deals
Leading Russian horizontal Avito has acquired 100% of shares in MaxPoster, a software developer for vehicle sales management. This article is locked. Please email...
AIM Group | December 29, 2021 | Automotive, Digital Auto Retail
Netherlands-based auto marketplace AutoTrack.nl has introduced digital auto retail to empower dealers to compete with Constellation Automotive Group’s CarNext and...
Alina Zaiets | December 27, 2021 | Automotive, Financials / Deals
Leading Ukraine-based horizontal OLX could acquire the second leading auto vertical Auto.Ria, part of horizontal Ria.com. This article is locked. Please email...
Deb Stowe | December 23, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Cars.com has acquired CreditIQ, an automotive fintech platform that provides instant online loan screening and approvals for online car buying. This article is...
Deb Stowe | December 22, 2021 | Automotive, Digital Auto Retail, Financials / Deals
U.S.-based auto dealer CarMax has reported record net revenues of $8.5 billion in FYQ3 to November 30, a jump of 64.5% year-over-year. This article is locked....
Ben Salisbury | December 22, 2021 | Automotive, Digital Auto Retail, People on the Move
Online automotive marketplace HeyCar has hired three new senior members for its U.K.-based marketing team. Charlotte Ford (LinkedIn profile) joins as head of brand...
Deb Stowe | December 21, 2021 | Automotive
Germany-based vertical HeyCar has entered the French and Dutch markets. This article is locked. Please email info@aimgroup.com for more information....
Deb Stowe | December 21, 2021 | Automotive, Financials / Deals
Bumper, a U.K.-based auto fintech start-up, has secured $12 million in funding, which it will use to expand its car repair financing platform across Europe, and...
Brian Blum | December 21, 2021 | Automotive, Financials / Deals
There’s a new SPAC in town. EVe Mobility, which raised $250 million on December 17, is a so-called “blank check company” whose mission is to “advance the...
Greg Spencer | December 20, 2021 | Automotive, Digital Auto Retail
State authorities in Florida have warned Carvana that it could lose its dealer's license over delinquent title deliveries. This article is locked. Please email...
Deb Stowe | December 20, 2021 | Automotive, Digital Auto Retail, Financials / Deals
PSA Peugeot and Citroen Group-owned Stellantis is negotiating a series of joint ventures with BNP Paribas Personal Finance, Crédit Agricole Consumer Finance, and...
Jacopo Natali | December 18, 2021 | Automotive, Financials / Deals
Indonesia-based automotive aftermarket website Otoklix has raised $10 million in its Series A funding round from Alpha JWC, AC Ventures, Sequoia Capital India,...
Jacopo Natali | December 20, 2021 | Automotive
Singapore-based auto marketplace Carro has unveiled Carro Square in Jakarta, Indonesia — an office block and area housing its Indonesian headquarters, along...
Tariq Ahmed Saeedi | December 18, 2021 | Automotive, Digital Auto Retail
Used car buyer and digital auto retailer Vava.cars has earmarked $200 million in investment to set up inspection and… This article is locked. Please email...
Ben Salisbury | December 17, 2021 | Automotive, Digital Auto Retail
British digital car dealer Cazoo has launched a separate MoT and servicing business for customers. In partnership with WhoCanFixMyCar, Cazoo customers can sign up...
Damian Shore | December 17, 2021 | Automotive
TikCars, a used vehicle marketplace operated by a group of the dealers under the Asociación Nacional Plataforma del Motor (National Car Platform) on a non-profit...
Leanne Wang | December 18, 2021 | Automotive, Financials / Deals
Uxin, a nationwide online used car dealer in China, recorded a more than tripled revenue growth and continuously narrowing net loss in the second quarter of the...
Léo Siqueira | December 15, 2021 | Automotive, Financials / Deals
AutoLab, a Latin American auto repair and auto parts marketplace, raised a combined $6.5 million US in seed funding from Bullpen Capital, Proeza Ventures, VU...
Ben Salisbury | December 15, 2021 | Automotive, REPORTS
CarWow has seen strong growth in its Sell Your Car service, and will expand it to Germany and Spain This article is locked. Please email info@aimgroup.com for more...
Greg Spencer | December 14, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Online car dealer Shift has secured an enlarged credit facility of $100 million from Ally Financial Inc. to fund inventory acquisition over the next two years, the...
Greg Spencer | December 14, 2021 | Automotive, People on the Move
Cox Automotive has promoted Ola Ajayi-Salako to the site leader for Cox Automotive Canada, effective immediately. She is charged with working with local teams and...
