Greg Spencer | June 13, 2022 | Automotive, Financials / Deals
EBlock, a leading online car-auction platform in Canada, has accelerated its push into the U.S. by acquiring Louisiana's 1st Choice Auto Auction (LAFCAA), a...
Patrick Kosmider | June 14, 2022 | Automotive, Digital Auto Retail
German car subscription provider Cluno will no longer offer car subscriptions for future customers because of British parent company Cazoo’s new austerity...
Prabhu | June 09, 2022 | Automotive, Digital Auto Retail
German automobile manufacturer Porsche has launched Porsche Approved, its used cars program in India. On the program’s dedicated site, customers can explore...
Ben Salisbury | June 09, 2022 | Automotive, Financials / Deals
British online automotive marketplace CarWow has extended its strategic partnership with Vauxhall until the end of 2022. The two companies have been working...
Patrick Kosmider | June 09, 2022 | Automotive, People on the Move
German online auto marketplace AutoScout24 has hired Alexander Adler as head of corporate communications. In this function, he is responsible for all internal and...
Pavel Marceux | June 08, 2022 | Automotive, REPORTS
The initially bright prospects of automotive digital retail in the U.K. have been sent into a tailspin due to global macroeconomic events This article is locked....
Greg Spencer | June 08, 2022 | Automotive, Digital Auto Retail, Financials / Deals
U.S. listings site TrueCar has acquired Digital Motors, a vendor of online retailing software, for undisclosed terms. This article is locked. Please email...
Tariq Ahmed Saeedi | June 08, 2022 | Automotive
Otoplus, an auto startup owned by OLX Group-backed horizontal LetGo Turkey, has introduced used car financing in collaboration with financial services company...
Ben Salisbury | June 08, 2022 | Automotive, Digital Auto Retail
New research on the most-stocked car dealers in the U.K. shows online auto marketplace Cinch, owned by Constellation Automotive Group, has the second highest...
Greg Spencer | June 07, 2022 | Automotive
CarOffer, the online wholesaling platform majority owned by CarGurus, has launched PremiumXchange, a service that facilitates car-for-car exchanges to help dealers...
Ben Salisbury | June 07, 2022 | Automotive, Digital Auto Retail, Financials / Deals
British online car dealer Cazoo has announced a business realignment plan to save £200 million ($250 million U.S.) over the next 18 months as it battles against a...
Damian Shore | June 07, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Revenue at Aramis Group’s Spanish subsidiary Clicars rose at an annual rate of 138% during the six months to March 2022, to €187 million. This article is locked....
Jacopo Natali | June 06, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Singaporean Temasek-backed used car marketplace Carro invested USD 53.8 million, which is equivalent to Indonesian Rp. 783.8 billion, to become a shareholder in PT...
Ben Salisbury | June 06, 2022 | Automotive, Financials / Deals
British online auto marketplace Carzam has collapsed and been put into administration just 18 months after launching. This article is locked. Please email...
Andrzej Sowula | June 06, 2022 | Automotive
In Poland, SpotAWheel, an online-only car dealer that also offers a used-car market for private sellers, has tied up with car inspection company Autotesto. The...
Ben Salisbury | June 03, 2022 | Automotive, Digital Auto Retail
Constellation Automotive Group-owned subsidiary BCA has launched a new set of digital tools for dealers. The upgrades have been made to BCA Search, Partner...
Ben Salisbury | June 03, 2022 | Automotive, Digital Auto Retail, Financials / Deals
British automated sales and marketing technology company MotorK has completed the acquisition of car park management solutions provider Carflow. This article is...
Deb Stowe | June 03, 2022 | Automotive, Digital Auto Retail
Carmaker Ford is to sell its electric vehicles (EVs) exclusively online and for a fixed price, according to USA Today, quoting CEO Jim Farley. In a major departure...
Ben Salisbury | June 03, 2022 | Automotive, Digital Auto Retail
British online automotive marketplace CarWow has increased the proportion of customers who place a formal enquiry for a used car after starting their search on its...
AIM Group | June 01, 2022 | Automotive, Digital Auto Retail
CarNow, which provides digital retail software to the automotive industry, has named Tim O’Toole (LinkedIn profile) as its new CFO. O’Toole joins CarNow with more...
Deb Stowe | June 01, 2022 | Automotive
BMW and Mini may abandon franchised dealer retailing in Europe, and switch to an agency approach. The new model would see retailers deliver and service vehicles...
AIM Group | June 01, 2022 | Automotive, Marketplaces
Netherlands-based marketplace Marktplaats.nl has launched a c-to-b car-auction service for individuals to sell their cars instantly online, the horizontal’s senior...
Patrick Kosmider | June 02, 2022 | Automotive, Digital Auto Retail
ViveLaCar, a car subscription platform located in Germany, will cooperate with auction service provider BCA to implement a digital process for purchasing vehicles....
AIM Group | May 31, 2022 | Automotive, Financials / Deals
China-based online used car dealer Uxin has announced $100 million U.S. in financing through senior convertible preferred shares from two institutional investors,...
Patrick Kosmider | May 31, 2022 | Automotive, Real Estate, Marketplaces
The Swiss Market Group (SMG), a marketplace joint venture of Scout24 Switzerland and Swiss based TX Markets, aims to restructure its business in the next weeks,...
Alina Zaiets | May 30, 2022 | Automotive, Marketplaces
Leading Russian horizontal Avito has launched Avito Auction, a service for private entrepreneurs and professional buyers. This article is locked. Please email...
Greg Spencer | May 26, 2022 | Automotive
Authorities in Illinois have reinstated Carvana’s dealer license, announcing the company may resume selling cars there as it works to resolve customer complaints...
Patrick Kosmider | May 27, 2022 | Automotive
Automotive comparison portal AutoUncle has launched an online tool for vehicle evaluation in Germany called “Market Price Investigator.” The new tool...
Tariq Ahmed Saeedi | May 26, 2022 | Automotive
Otoplus, an auto vertical of OLX Group-backed horizontal LetGo Turkey, has completed the Salesforce customer relationship management (CRM) integration Number of...
Patrick Kosmider | May 27, 2022 | Automotive, Financials / Deals
Germany-based auto marketplace Mobile.de and Bank11 will cooperate to provide car dealers with the means to sell vehicles through financing and on subscription....
