Ben Salisbury | October 26, 2021 | Automotive, Digital Auto Retail, Financials / Deals
British digital auto vertical Cazoo has announced its latest quarterly financial results which show revenue increased by 267% year-on-year to £174.4 million...
Ben Salisbury | October 25, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Leading British automotive marketplace Auto Trader’s joint venture with Cox Automotive, Dealer Auction has opened its platform to independent dealers for the first...
Ben Salisbury | October 20, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Auto Trader, the leading automotive marketplace in the U.K. has begun a new partnership with data provider and credit ratings agency Experian to help Auto Trader...
Tariq Ahmed Saeedi | October 20, 2021 | Digital Auto Retail
South Korea-based auto marketplace operator KCar Inc. saw digital retail of used cars increase 77% year-on-year from July-Sept., according to news site Donga.com....
Ben Salisbury | October 18, 2021 | Automotive, Digital Auto Retail, Financials / Deals
British digital auto dealer Cazoo has bought independent online commercial vehicle retailer Vans365 for £6.5 million ($9 million U.S.) as it expands its online...
Tariq Ahmed Saeedi | October 18, 2021 | Automotive, Digital Auto Retail, Financials / Deals
VavaCars, a c-to-b-to-c automotive marketplace focused on Turkey and Pakistan, today announced $50 million in Series B funding from three investors. New investors...
Ben Salisbury | October 18, 2021 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based used-car marketplace Motorway, which matches car retailers with private sellers through an auction system, has recorded 300% year-on-year revenue growth...
Greg Spencer | October 15, 2021 | Automotive, Digital Auto Retail
CarGurus this week began trialing two enhancements to its digital-retailing offering. The first would allow customers to reserve a car and make a deposit online,...
Prabhu | October 13, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Used-car marketplace CarDekho in India has raised $250 million from multiple investors, becoming a unicorn at a post-money valuation of $1.2 billion. The company...
Ben Salisbury | October 13, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Listed car supermarket group Motorpoint has increased revenue and profit before tax in the first six months of its 2022 trading year, according to a trading update...
Greg Spencer | October 08, 2021 | Automotive, Digital Auto Retail
Online used-car dealer Carvana is having customer service problems, with reports from Florida and North Carolina about months-long delays in the delivery of title...
Prabhu | October 08, 2021 | Automotive, Digital Auto Retail, People on the Move
India-based ride-hailing company Ola has appointed Arun Sirdeshmukh as the CEO of its newly-launched used cars marketplace, Ola Cars. According to an official...
Angela Hawksford | October 05, 2021 | Automotive, Digital Auto Retail
Cars24, the India-based used-car marketplace, has quietly launched in Australia, the company’s first mature market outside Asia and the Middle East. The company’s...
Ben Salisbury | October 01, 2021 | Automotive, Digital Auto Retail
PSA Peugeot and Citroen Group-owned Stellantis is to extend its all-inclusive on demand monthly car subscription service to the U.K. The service already operates...
Deb Stowe | September 29, 2021 | Automotive, Digital Auto Retail
Digital car-buying is here to stay after the pandemic, though consumers will continue to adopt the practice gradually, often through the gateway of online...
Ben Salisbury | September 29, 2021 | Automotive, Digital Auto Retail, People on the Move
British digital auto dealer Cazoo has appointed Abhishek Roy as European managing director to lead the companies’ forthcoming expansion into mainland Europe. Roy...
Ben Salisbury | September 29, 2021 | Automotive, Digital Auto Retail, Financials / Deals
British online auto dealer Cazoo sold 20,454 cars in the first half of 2021 but made an adjusted EBITDA loss of £69 million ($94 million U.S.)in the period,...
Jacopo Natali | September 29, 2021 | Digital Auto Retail
Malaysia-based automotive marketplace ICar Asia, which operates leading auto verticals across Southeast Asia, has presented a new personal financing transaction...
Ben Salisbury | September 28, 2021 | Automotive, Digital Auto Retail, People on the Move
Cox Automotive has appointed Stuart Miles as managing director of its Retail Solutions Business in the U.K. and Europe. Miles (LinkedIn profile) is the former MD...
Greg Spencer | September 27, 2021 | Automotive, Digital Auto Retail
TrueCar has tied up with Capital One to offer a finance pre-qualification tool that lets car shoppers work out tentative loan terms and monthly payments before...
Tariq Ahmed Saeedi | September 23, 2021 | Automotive, Digital Auto Retail, Financials / Deals
South Korea-based auto marketplace operator KCar Inc. is planning an IPO next month, eyeing up to $620 million to fund its go-to strategy of easing digital used...
Deb Stowe | September 27, 2021 | Automotive, Real Estate, Recruitment, Marketplaces, Digital Auto Retail, PropTech & IBuying, REPORTS
Fintechs are figuring more and more in the future of marketplaces, taking a cut of their success, with the lines between the two entities becoming increasingly...
Prabhu | September 20, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Used cars marketplace Cars24 has raised $450 million ($340 million Series F equity funding and $110 million debt funding) from marquee investors. The Series F...
Greg Spencer | September 16, 2021 | Automotive, Digital Auto Retail
Weeks after its launch in three U.S. states, CarGurus has extended its online vehicle trade-in service to five more. Instant Max Cash Offer, an automated...
Ben Salisbury | September 16, 2021 | Automotive, Digital Auto Retail
Constellation Automotive Group-owned used car buying site WeBuyAnyCar.com has been fined £200,000 ($276 million U.S.) by the U.K.’s Information Commissioner Office...
Tariq Ahmed Saeedi | September 16, 2021 | Automotive, Digital Auto Retail
Japan-based auto marketplace Mota (formerly Autoc-One) has launched a used car leasing service one and half years after introducing leasing for new cars. Founded...
Pavel Marceux | September 16, 2021 | Automotive, Digital Auto Retail
AutoScout24 (AS24), the pan-European automotive classifieds owned by private equity firm Hellman & Friedman, has announced the launch of Smyle, a digital...
Ben Salisbury | September 13, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Financial API platform TrueLayer has been appointed by British online car retailer Cazoo to help improve Cazoo’s payment and refunds system. The new system uses...
Ben Salisbury | September 13, 2021 | Automotive, Digital Auto Retail
British automotive marketplace CarWow now has 7,000 used cars available for dealers to buy directly from CarWow customers on its newly-acquired car buying...
Prabhu | September 11, 2021 | Automotive, Digital Auto Retail, Financials / Deals
India-based used cars marketplace Cars24 has raised $258.6 million from marquee investors, taking its valuation to nearly $1.75 billion. According to an exclusive...
