Ben Salisbury | November 22, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Auto Trader has agreed a deal with Automotive Transformation Group (ATG) to share its real-time data via an integration between Auto Trader Connect and ATG’s...
Ben Salisbury | November 22, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Cazoo has been successful in getting shareholders to agree to an exchange offer for the company’s convertible notes to help Cazoo reduce its debts from $630...
Ignacio Landivar | November 22, 2023 | Automotive, Digital Auto Retail, People on the Move
Florian Baur has been awarded the permanent position of chief sales officer at Adevinta subsidiary Mobile.de, after an interim period in the role that followed the...
Damian Shore | November 22, 2023 | Automotive, Real Estate, Recruitment, Marketplaces, Financials / Deals
Adevinta published its financial results for Q3 2023 two days earlier than planned — on Nov. 21 — after a private equity consortium led by Blackstone...
AIM Group | November 21, 2023 | Automotive, People on the Move
Kenan Bilirgen, who remained a part of OLX Group in Turkey, announced his new role at a long-serving automotive group, Tunalar. In a LinkedIn post, Bilirgen wrote:...
Ben Salisbury | November 20, 2023 | Automotive, Digital Auto Retail
U.K.-headquartered used car marketplace CarWow is switching to an extended bidding model at its car auctions, providing dealers with earlier bidding access to its...
Jacopo Natali | November 20, 2023 | Automotive, Financials / Deals, People on the Move
Malaysia-based automotive marketplace Carsome has laid off hundreds of workers as it seeks to reach profitability ahead of a potential stock market listing next...
Tariq Ahmed Saeedi | November 17, 2023 | Automotive, Real Estate
Meta will no longer support sellers to create vehicle and real estate listings on Facebook Marketplace in Turkey, the AIM Group has learned. The action will not...
Damian Shore | November 17, 2023 | Automotive, Digital Auto Retail
Amazon will begin selling new Hyundai cars in the U.S. next year, the two companies have announced, Reuters reports. Consumers will be able to equip and buy a car...
AIM Group | November 17, 2023 | Automotive
Auto marketplace Encar.com has launched a dealer-only app, ‘Encar Partner’ for purchasing, selling and managing used cars. According to Encar, the reason...
Ben Salisbury | November 17, 2023 | Automotive, Digital Auto Retail
British motoring services provider the RAC Dealer Network has launched a combined car subscription product featuring vehicle warranty, MOT test fee, an annual...
Ben Salisbury | November 17, 2023 | Automotive, Digital Auto Retail
U.K.-based used-car marketplace Motorway has unveiled two new features free to dealers. It has launched an Instant Match feature that provides sales leads to...
Damian Shore | November 16, 2023 | Automotive
The number of EV listings on Adevinta’s key mobility marketplaces across five European markets rose 94% year on year in the first six months of this year, with a...
Ben Salisbury | November 16, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Nigerian-based automotive marketplace Shekel Mobility has secured a further $7.2 million in funding to scale its business in a funding round led by Ventures...
Tariq Ahmed Saeedi | November 15, 2023 | Automotive, Real Estate, Marketplaces
A law related to marketplace listings introduced in Turkey at the beginning of this month is proving problematic for local marketplaces, which have seen new...
Dualta Mac Lochlainn | November 15, 2023 | Automotive, Digital Auto Retail
HeyCar has updated the France-based version of its website with the aim of improving platform navigation for all users, whether via PC, tablet or the mobile app....
Damian Shore | November 15, 2023 | Automotive, Niche Marketplaces, Financials / Deals
Spain-based car rental company Malco has invested in Momovem, which enables individuals to rent out their motorcycles by the day, in addition to offering long-term...
Ignacio Landivar | November 15, 2023 | Automotive, Digital Auto Retail, Financials / Deals
The founders of Germany-based leasing specialist LeasingMarkt are handing over the platform’s operational duties to parent company AutoScout24 at the end of 2023...
Tariq Ahmed Saeedi | November 14, 2023 | Automotive
Contactcars has marked a key milestone by completely phasing out all nonpaying listings on the auto marketplace during the third quarter of 2023, revealed its...
Damian Shore | November 14, 2023 | Automotive
Spain-based motorcycle reconditioner Mundimoto is to open physical stores in Madrid and Malaga before the end of this month and is planning two more — in...
Greg Spencer | November 13, 2023 | Automotive, People on the Move
Dealership technology vendor CarNow has hired CDK Global veteran John Lilly as its chief product officer. In the new role, Lilly will oversee product...
Ben Salisbury | November 13, 2023 | Automotive, Digital Auto Retail
Auto Trader’s new reservations tool has been criticized by some car dealers, according to Car Dealer Magazine. The industry website reports that some users feel...
Jacopo Natali | November 13, 2023 | Automotive, People on the Move
Malaysia-based automotive marketplace Carsome has appointed Miguel Fernandez (pictured) as CFO. He succeeds Juliet Zhu, who will remain in her role as group...
Lars Herlin | November 13, 2023 | Automotive, Marketplaces
Sweden-based, Schibsted-owned marketplace horizontal Blocket has launched an air freshener called New by Blocket as part of a marketing campaign for its auto...
Ben Salisbury | November 10, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Auto Trader has increased revenue and profit by double figures year-on-year, according to its latest financial results published today for the six months to...
Prabhu | November 10, 2023 | Automotive, Financials / Deals
Consolidated net revenue at India-based used car marketplace CarTrade Tech, which acquired OLX India in August, rose by 44% year on year (y-o-y) to INR1.5 billion...
Damian Shore | November 10, 2023 | Automotive
Spain-based car dealership chain Astara is expanding its mobility-as-a-service brand Astara Move, which is led by Carlos Reina (LinkedIn profile), according to...
Ignacio Landivar | November 09, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Revenue at Berlin-based digital auto retailer Auto1 Group SE declined by 24.5% year on year (y-o-y) and by 3.6% quarter on quarter (q-o-q) to €1.3 billion ($1.4...
Greg Spencer | November 08, 2023 | Automotive, Marketplaces, Financials / Deals
CarGurus posted revenue of $219.4 million, down 49% year-on-year but better than the company expected due to growth of its core marketplace. The company surprised...
Greg Spencer | November 08, 2023 | Automotive, Financials / Deals
Despite the challenges with its 51% stake in digital wholesaler CarOffer, CarGurus announced Tuesday it will go ahead and exercise its option to buy the rest of...
