Greg Spencer | July 26, 2021 | Automotive, Digital Auto Retail, People on the Move
Konect Ai, a software vendor for car dealerships, has named Cox Automotive veteran Jerry Salerno as president. The 10-year-old company has charged Salerno with...
Deepak Batra | July 20, 2021 | Automotive, Digital Auto Retail
India-based CarDekho recently announced the launch of an online pre-owned retailing service, where customers can currently browse over 5,000 certified cars. The...
Ben Salisbury | July 15, 2021 | Automotive, Digital Auto Retail
British digital used car dealer Cazoo has opened a new customer center in Carlisle, England for customers to pick up ‘click and collect’ orders. The facility,...
Rachel Velebny | July 08, 2021 | Automotive, Digital Auto Retail, Financials / Deals
CarNext, a European-wide online automotive b-to-b and b-to-c marketplace, has become a standalone company, and has raised €400 million ($474 million U.S.) to...
Jacopo Natali | July 07, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Malaysia-based automotive marketplace Carsome has acquired a stake in PT Universal Collection (PT UC), a used vehicle sales company located in Jakarta. In 2020, PT...
Andrzej Sowula | July 01, 2021 | Automotive, Digital Auto Retail
Czech-based auto vertical Carvago.com has launched in Poland. The company lets users buy and sell a used car online and gives access to several ancillary services....
Prabhu | June 30, 2021 | Digital Auto Retail
India-based auto marketplace CarWale has partnered with French automobile manufacturer Citroen for last-mile delivery of new C5 Aircross SUV. CarWale, a subsidiary...
Rebeka Shaid | June 24, 2021 | Automotive, Marketplaces, Digital Auto Retail
Driverama, an online used-car platform, is due to open its first German branch in Dusseldorf next week. Since announcing its launch date earlier this year,...
AIM Group | June 23, 2021 | Automotive, Digital Auto Retail
In a recent survey, Dutch auto marketplace CarNext found that half of the drivers in all six of its core markets in Europe now prefer owning cars over using public...
Lars Herlin | June 24, 2021 | Marketplaces, Digital Auto Retail
Schibsted-owned Swedish horizontal Blocket has introduced new insurance options for auto customers in partnership with car insurance company Trygg-Hansa. Together,...
Prabhu | June 22, 2021 | Automotive, Digital Auto Retail, Financials / Deals
India-based auto marketplace Cars24 has earmarked $100 million (INR 740 crores) for international expansion this year. Cars24 has set its sights on Southeast Asian...
Jacopo Natali | June 22, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Malaysian-based automotive marketplace Carsome is considering listing in the United States, a deal that will make it the first unicorn company in Malaysia. The...
Ben Salisbury | June 18, 2021 | Automotive, Digital Auto Retail
PSA Peugeot and Citroen Group-owned Stellantis launched the U.K.’s first multi-brand approved-used car program to combine online and offline car sales on June 16...
Ben Salisbury | June 18, 2021 | Automotive, Digital Auto Retail
Listed car supermarket group Motorpoint has set out a plan to try to strengthen its online car selling business and compete with British used car marketplace Cazoo...
Ben Salisbury | June 18, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Constellation Automotive Group (formerly BCA Marketplace) and owners of online auto marketplace Cinch and Webuyanycar.com has acquired Rockingham Motor Speedway...
Ben Salisbury | June 17, 2021 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based automotive used-car marketplace Motorway which matches car retailers with private sellers has raised £48 million ($68 million) in venture capital...
Ben Salisbury | June 17, 2021 | Automotive, Digital Auto Retail, Financials / Deals
British automotive marketplace CarWow has acquired used car buying platform Wizzle for an undisclosed sum to put together a fully online car buying and selling...
Prabhu | June 17, 2021 | Automotive, Digital Auto Retail
India-based auto marketplace Droom has registered 80% year-over-year growth in GMV in the first quarter of 2021. The Gurugram-based company has crossed $136...
Ben Salisbury | June 16, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Aramis Group, the France-based online retailer of used cars, is set to IPO on the Euronext Paris stock exchange on Friday, June 18. The company is aiming to use...
Jacopo Natali | June 16, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Singapore-headquartered Carro, an online automotive marketplace, has raised $360 million in its latest funding round led by SoftBank Vision Fund 2, making it the...
Ben Salisbury | June 11, 2021 | Automotive, Digital Auto Retail
Leading British autos marketplace Auto Trader is to trial a scheme to allow customers to complete finance agreements and approvals on its platform and hopes to...
Prabhu | June 10, 2021 | Automotive, Digital Auto Retail
India-based auto marketplace Cars24 has started operations in the UAE in its first ever foreign expansion. Cars24 announced that it has begun operations across all...
Ben Salisbury | June 10, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Leading British autos marketplace Auto Trader saw revenue fall by 29% and operating profit down 38% in the year to March 31, 2021 in a trading period dominated by...
AIM Group | June 09, 2021 | Automotive, Digital Auto Retail, Financials / Deals
U.S.-based early stage investment firm Automotive Ventures raised $7 million and says its inaugural venture fund has been oversubscribed. Looking globally for...
Ben Salisbury | June 09, 2021 | Automotive, Digital Auto Retail
British online used car marketplace Carzam has appointed James Buxton as its new chief commercial officer. Buxton (LinkedIn profile) has joined from Audi U.K....
Jacopo Natali | June 10, 2021 | Automotive, Digital Auto Retail, Financials / Deals
The Malaysia-based automotive marketplace ICar Asia Ltd recently held its Annual General Meeting (AGM) presentation for investors and disclosed that its shares are...
Ben Salisbury | June 08, 2021 | Automotive, Digital Auto Retail
Constellation Automotive Group (formerly BCA Marketplace), the owner of Cinch, the U.K.-based used-car vertical has given the first indication of how many vehicles...
Greg Spencer | June 07, 2021 | Automotive, Digital Auto Retail
U.S. car listings site Autotrader.com reported success with a new feature, My Wallet, that lets car shoppers browse based on their credit score, monthly budget and...
Greg Spencer | June 03, 2021 | Automotive, Digital Auto Retail, Financials / Deals
CDK Global, a technology vendor for the automotive industry, has acquired digital-retail software firm Roadster for $360 million in cash, according to a regulatory...
Greg Spencer | June 02, 2021 | Automotive, Digital Auto Retail
Online used-car dealer Carvana has become one of the youngest companies to ever enter the Fortune 500, the company announced. Carvana posted $5.6 billion in...
