Ben Salisbury | June 07, 2023 | Automotive, Digital Auto Retail, Financials / Deals
BCA Europe has signed a long-term agreement to increase and further develop remarketing activities in Europe for both ALD Automotive and LeasePlan, according to a...
Damian Shore | June 06, 2023 | Automotive, Niche Marketplaces, Digital Auto Retail, Financials / Deals
Barcelona-headquartered MundiMoto, which buys, reconditions and sells used motorcycles, has closed a €10.0 million ($10.7 million million U.S.) funding round,...
Ben Salisbury | June 06, 2023 | Automotive, Digital Auto Retail
New research has found an increase in the proportion of cars bought in the U.K. without trade-ins. JudgeService, a customer service review platform found the...
Ben Salisbury | June 06, 2023 | Automotive, Digital Auto Retail
U.K.-based used-car supermarket Big Motoring World is to move its headquarters to a larger premises in the same business park in Kent as it prepares to launch a...
Tariq Ahmed Saeedi | June 06, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Updated with comment from CarSales. South Korea-based auto marketplace EnCar is considering an initial public offering (IPO) on the Korea Composite Stock Price...
Ben Salisbury | June 05, 2023 | Automotive, Digital Auto Retail, People on the Move
Auto Trader Group has appointed Matt Davies as its new chairman, according to a statement from the group. Davis will join the board on July 1 and is expected to...
Nik Flegont | June 03, 2023 | Automotive, Digital Auto Retail
Avito Classifieds’ 'Avtoteka' service for checking used cars now allows buyers to search for information on damaged cars sold at auctions abroad. According to...
Greg Spencer | June 02, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Carvana’s effort to reduce its debt burden through a bond exchange with creditors has failed, the company has disclosed. In March, Carvana told its bondholders it...
Ben Salisbury | June 01, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Auto Trader has revealed another strong set of numbers in its FY 2022 financial results. In the year to March 31, 2023, in which trading was affected by...
Ben Salisbury | May 31, 2023 | Automotive, Digital Auto Retail
U.K. consumers continue to want to have physical and digital parts to the car buying process, according to Auto Trader. In an interview with Car Dealer Magazine,...
Ben Salisbury | May 31, 2023 | Automotive, Digital Auto Retail, Financials / Deals
VinFast, part of Vingroup, the largest private corporation in Vietnam, has agreed a new deal with used car marketplace BCA Europe to create a “fully digital and...
Davide Rasconi | May 30, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Germany-based digital auto retailer AutoScout24 has launched AutoProff, its wholesale auction site for used cars, in Italy via its local subsidiary AutoScout24.it....
Damian Shore | May 30, 2023 | Automotive, Marketplaces, Digital Auto Retail
Barcelona-based MundiMoto, which buys, reconditions and sells motorcycles and scooters, has launched MotoComponentes, a marketplace for used motorcycle parts and...
Damian Shore | May 29, 2023 | Automotive, Digital Auto Retail
Revenue at Madrid-headquartered digital auto retailer Clicars fell by 2.6% year on year (y-o-y) during the six months to March 2023 (H1 FY2023), according to the...
Deb Stowe | May 26, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Greece-based digital auto retailer SpotAWheel and OTP Leasing Romania have launched verified used car platform Verified Used Vehicles in Romania. After a customer...
Tariq Ahmed Saeedi | May 26, 2023 | Automotive, Digital Auto Retail, Financials / Deals
South Korea-based digital auto retailer KCar has partnered with data analytics company Emro to launch an AI-powered inventory management system. The tool is an...
Charles Lavery | May 26, 2023 | Automotive, Marketplaces, Digital Auto Retail, Financials / Deals
Singapore-based online used car platform Carro has reported EBITDA of $4.0 million for the 12 months to March 2023 (FY2023), according to a press release from the...
Greg Spencer | May 23, 2023 | Automotive, Digital Auto Retail
CarGurus says it is still considering its option to buy the remaining interest in CarOffer — despite problems the digital wholesaler has suffered over the last...
Ben Salisbury | May 23, 2023 | Automotive, Digital Auto Retail, Financials / Deals
British used car dealer Cazoo has confirmed in a statement to the NYSE that it is in talks with bond holders to restructure its $630 million of debt. The decision...
Ben Salisbury | May 22, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Automotive parts marketplace PartsTech has closed a Series C funding round of $35 million in a round led by venture capitalists’ OpenView, according to a press...
Deb Stowe | May 22, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Online car dealership Shift Technologies posted a 74% drop in revenue in Q1 2023, year on year, to $57.7 million, with gross profit tumbling by 67% to $3.5 million...
Ben Salisbury | May 19, 2023 | Automotive, Digital Auto Retail, Financials / Deals
British used car dealer Cazoo has acknowledged it faces challenges that could put its ability to continue trading at risk if its sales and cost-cutting operation...
Ben Salisbury | May 18, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Global automotive technology company MotorK has entered advanced negotiations to acquire automotive retail solutions provider GestionaleAuto.com, according to a...
Damian Shore | May 17, 2023 | Automotive, Digital Auto Retail, Intel
Shift from offline to online transactions for used cars is a ‘long journey’ AI is unlocking new functionalities in automotive sales Getting data on battery...
Ben Salisbury | May 17, 2023 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based online used car dealer Cazoo has finally completed its exit from mainland Europe after selling Cluno, its Germany-based car subscription business, to...
Prabhu | May 17, 2023 | Automotive, Digital Auto Retail
India-based used car marketplace CarDekho has closed its flagship TrustMark stores, abandoning b-to-c used car sales. In an interview with Entrackr, CarDekho CEO...
Patrick Kosmider | May 16, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Revenue at Berlin-based digital auto retailer Auto1 Group SE declined by 8.1% year on year (y-o-y) but rose by 4.0% quarter on quarter (q-o-q) to €1.506 billion...
Patrick Kosmider | May 16, 2023 | Automotive, Digital Auto Retail, People on the Move
After nine years at Mobile.de, Germany’s largest online car marketplace, Daniel Breves (above) is stepping down as CFO. According to Germany-based...
Tariq Ahmed Saeedi | May 12, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Japan-based auto-marketplace operator Proto Corp. finished the fiscal year to Mar. 31 (FY2023) with significant growth in revenue and record high operating income,...
Ben Salisbury | May 12, 2023 | Automotive, Digital Auto Retail
A pair of YouTube pranksters have tested the promise made by U.K.-based online car-buying site WeBuyAnyCar. The business, owned by Constellation Automotive Group,...
