Hasan Aga | December 01, 2023 | Automotive, Digital Auto Retail
Kavak, a Mexico-based online marketplace for used cars, has announced the launch of the Kavak Autocare Service Center in Dubai. The 150,000-square feet service...
Ben Salisbury | November 30, 2023 | Automotive, Digital Auto Retail
U.K.-headquartered car marketplace CarWow has unveiled a new logo as “part of a full refresh of its brand identity.” Carwow hopes the rebranding...
Ben Salisbury | November 30, 2023 | Automotive, Digital Auto Retail
U.K.-based Auto Trader has revealed the findings of its annual ‘mystery shopping’ exercise, which it says shows what makes some dealers stand out from...
Deb Stowe | November 29, 2023 | Automotive, Digital Auto Retail, People on the Move
Online car dealer Vroom posted total Q3 revenue of $236 million, down by 30.9% on Q3 2022. The company had e-commerce revenue of $150 million in Q3, a 33.5% fall...
Ben Salisbury | November 29, 2023 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based auto marketplace CarWow has closed its second crowdfunding campaign, raising £3.1 million ($3.9 million) from 2,957 investors on CrowdCube — more...
Damian Shore | November 29, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Revenue at Spain-based digital auto retailer Clicars fell by 8.0% year on year (y-o-y) to €340 million ($374 million U.S.) during the 12 months to September 2023...
Tariq Ahmed Saeedi | November 28, 2023 | Automotive, Digital Auto Retail, Financials / Deals
In its financial reporting for the three months to June (Q1 FY2024), China-based used-car retailer Uxin expressed doubt over its ability to continue as a going...
Ben Salisbury | November 27, 2023 | Automotive, Digital Auto Retail
U.K.-based dealer facing EBay Motors Group and its consumer website Motors.co.uk have become a single brand called Motors. The business will continue to provide...
Prabhu | November 24, 2023 | Automotive, Digital Auto Retail
Used-car marketplace Cars24 has launched a vehicle scrappage initiative, offering customers incentives including a road-tax discount. Join now to access the full...
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...
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...
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...
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...
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...
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....
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...
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...
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...
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...
David Loji | November 08, 2023 | Automotive, Digital Auto Retail
Mexico-based digital auto retailer Kavak has announced that it will exit Colombia and Peru at the end of this year. According to a press release from the company,...
Prabhu | November 08, 2023 | Digital Auto Retail, Financials / Deals
Gross revenue at India-based used cars marketplace Spinny rose by a whopping 2,892% year on year (y-o-y) to INR32.6 billion ($391 million U.S.) during the 12...
Ben Salisbury | November 07, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Marshall Motor Group, owned by Constellation Automotive Group has published its financial results for the year to March 31, 2023. In a statement to U.K.’s...
Ben Salisbury | November 07, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Cazoo has begun further proceedings to restructure its debt to reduce debt levels to ensure it can continue listing on the NYSE, according to a company statement....
Ben Salisbury | November 06, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Constellation Automotive Group, owners of BCA, WeBuyAnyCar, Marshall and online auto marketplace Cinch has published its financial results for the year to April...
Tariq Ahmed Saeedi | November 03, 2023 | Automotive, Digital Auto Retail
Ikinciyeni.com, a Turkey-based used-car auction site owned by business conglomerate Anadolu Group, has introduced what it calls the industry’s first loyalty...
Ben Salisbury | November 03, 2023 | Automotive, Digital Auto Retail
The used car sector in the U.K. is unlikely to ever return to a ‘pre-pandemic’ normal and car dealers will have to adapt to a new market with different trends,...
Ben Salisbury | November 02, 2023 | Automotive, Digital Auto Retail, People on the Move
Cox Automotive Europe has appointed Tom Marley as director of vehicle buying solutions. Marley (LinkedIn profile) will lead the company’s car buying business. He...
