Greg Spencer | November 15, 2022 | Automotive, Digital Auto Retail, Financials / Deals
AutoNation, one of the biggest U.S. auto retailers, has taken a 6.1% stake in TrueCar, giving the fading listings site a welcome vote of confidence as it tries to...
Damian Shore | November 15, 2022 | Automotive, Digital Auto Retail
In a recent interview with site Economía Digital, Fedor Artiles, head of HeyCar Spain (LinkedIn profile), assessed the development of digital auto retail, which it...
Tariq Ahmed Saeedi | November 15, 2022 | Automotive
Auto marketplace AutoPlus has launched a used-car subscription service to help the user cope up with escalating financing cost and get around a supply shortage of...
David Loji | November 15, 2022 | Automotive, Marketplaces, Digital Auto Retail
Chile-based Transa Tu Auto, which facilitates the buying and selling of cars using digital processes, has raised $1.2 million USD in a funding round. This article...
AIM Group | November 14, 2022 | Automotive, Digital Auto Retail
Uxin, a leading e-commerce service for buying and selling used cars in China, has received a compliance notification from the Nasdaq Stock Market confirming it has...
Ben Salisbury | November 14, 2022 | Automotive, Digital Auto Retail
Stellantis U.K. has introduced a home delivery service for SpotiCar, its approved used-vehicle program. This article is locked. Please email info@aimgroup.com for...
Patrick Kosmider | November 14, 2022 | Automotive
Nine months after the launch of Stellantis used-car portal SpotiCar in Germany, it has added more of the carmaker’s brands to its offer. “…...
Ben Salisbury | November 12, 2022 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based car supermarket Vertu Motors is in “advanced discussions” regarding a potential acquisition of dealership chain Helston Garages Group. This article is...
Ben Salisbury | November 12, 2022 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based digital auto retailer Cazoo has extended the lock-up period on a financing deal by almost a year, according to a press release. 96% of holders of a $630...
Ben Salisbury | November 12, 2022 | Automotive, Digital Auto Retail
The growth in the number of people choosing to buy their car using a fully online process in the U.K. is slowing, according to Auto Trader’s COO Catherine Faiers....
Ben Salisbury | November 12, 2022 | Automotive, Financials / Deals
British car dealer Perry’s Motor Sales has launched its own vehicle subscription service, Perry’s Flex, in collaboration with Karzoom. This article is locked....
Greg Spencer | November 11, 2022 | Automotive, Recruitment, People on the Move
Former Cars.com chief marketing officer Brooke Skinner Ricketts has launched a website for an executive coaching company called Beyond Barriers that she co-founded...
Damian Shore | November 11, 2022 | Automotive, Digital Auto Retail
Barcelona-based digital auto retailer MundiMoto is on track to sell 15,000 motorcycles during 2022 as a whole. This article is locked. Please email...
Ben Salisbury | November 11, 2022 | Automotive, Digital Auto Retail
Used-vehicle online remarketing platform Motom has grown its customer base to 350 since launching in mid-2022, including 10 of the top 100 franchised U.K. dealers...
Greg Spencer | November 10, 2022 | Automotive, People on the Move
Auto classifieds legend Chip Perry has a new job, helping power the growth of early-stage investment firm Automotive Ventures. Launched in 2014, Automotive...
Jonah Kay | November 10, 2022 | Automotive, Financials / Deals
Vroom, the online used car dealer, had a rough quarter. It sold less than half as many vehicles as it had in the same quarter a year earlier, and it took more than...
Ben Salisbury | November 10, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Auto Trader saw revenue rise by 16% to £249.8 million during H1 FY2023 (April-September 2022). This article is locked. Please email info@aimgroup.com for more...
Patrick Kosmider | November 09, 2022 | Automotive
Dealers will pay a monthly fee, but set their own pricing plans for subscriptions Will include a mobile app, short-term leasing, insurance and financing options...
Greg Spencer | November 09, 2022 | Automotive, Financials / Deals
U.S. auto listings company TrueCar posted $39.1 million in revenue for Q3 2022, down 29% year-on-year and down 7.6% from the previous quarter. This article is...
Greg Spencer | November 09, 2022 | Automotive, Financials / Deals
CarGurus Q3 2022 revenue disappointed Wall Street and itself, cratering share prices. This article is locked. Please email info@aimgroup.com for more information....
Tariq Ahmed Saeedi | November 09, 2022 | Automotive, Real Estate, Recruitment, HRTech, Financials / Deals
Japan-based classifieds and marketplaces operator Zigexn Inc. saw sales rise 14.6% year-on-year to Y4.3 billion ($29.6 million U.S.) in the three months to...
David Loji | November 08, 2022 | Automotive
Mexico-based digital auto retailer Kavak has laid off at least five executives and a number of managers at its Mexico unit, Bloomberg Línea reports. In June this...
Tariq Ahmed Saeedi | November 07, 2022 | Automotive, Real Estate, Recruitment, Financials / Deals
Marketplaces operator Kakaku.com kept up growth momentum for its job site KyuJinBox and real estate marketplace Sumaity during the second quarter (to end...
AIM Group | November 07, 2022 | Automotive, Financials / Deals
Car-leasing company ALD Automotive has revised up the likely cost of integrating car-as-a-service company LeasePlan, which it agreed to acquire early this year,...
Patrick Kosmider | November 07, 2022 | Automotive
Kia will begin offering its own subscription service, Kia Flex, in Germany. Customers will be able to subscribe to particular Kia models for 6, 12, or 18 months...
Greg Spencer | November 04, 2022 | Automotive, People on the Move
Joe Oliveri, a 25-year sales veteran and early employee at Cars.com, has returned to the company as head of go-to-market strategy and operations. In a LinkedIn...
Deb Stowe | November 04, 2022 | Automotive, Digital Auto Retail
Europe-focused digital auto dealer Driverama has hailed its pivot from ecommerce to omnichannel as the major factor in its progress on a market that has claimed...
Patrick Kosmider | November 06, 2022 | Automotive, Digital Auto Retail
The Germany-based Alles.Auto car dealership project was officially founded as a public limited company on 28 October 2022 and is to start operations before the end...
Ben Salisbury | November 04, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Global carmaker Stellantis has announced its Q3 2022 financial results which show revenue up 29% year-on-year to €42.1 billion ($41.1 billion U.S.), helped by...
David Loji | November 04, 2022 | Automotive, Real Estate
Colombia-based holding company Grupo Aval's ADL Digital Lab has acquired CarroYa and MetroCuadrado from El Tiempo Casa Editorial for $120 million USD. This article...
