Greg Spencer | January 27, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Motobyo is a new online car-auction platform that strives to connect private sellers to private buyers, and spare both from dealer fees. The service offers sellers...
Tariq Ahmed Saeedi | January 26, 2023 | Automotive, Digital Auto Retail
Digital auto retailer ChexCar will premiere its first "vending machine" in the first half of this year, with plans to set up four or five more such automated...
Ben Salisbury | January 26, 2023 | Automotive, Digital Auto Retail, Financials / Deals
All-inclusive electric-car subscription service Onto has raised £100 million ($123 million U.S.) in a new credit line provided by global investment group CDPQ and...
Prabhu | January 25, 2023 | Digital Auto Retail, Financials / Deals
India-based used cars marketplace CarTrade has posted $14.2 million U.S. in revenue for Q3, FY22-23 (quarter ended December 2022). Join now to access the full...
Ben Salisbury | January 25, 2023 | Automotive, Digital Auto Retail
Auto Trader’s car-buying app was downloaded five times more in the U.K. last year than its closest rival, according to analysis by FairBettingSites.co.uk. It...
Tariq Ahmed Saeedi | January 25, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Autorola A/S and Al-Futtaim Automotive have formed a joint venture in the Middle East — Autorola MENA Holding Ltd — with the aim of digitizing and...
Greg Spencer | January 24, 2023 | Automotive, Digital Auto Retail
The State of Illinois has settled a legal dispute with Carvana, allowing the company to resume car sales after its license was suspended due to registration...
Tariq Ahmed Saeedi | January 24, 2023 | Automotive, Digital Auto Retail
AI assistant Bixby has been sensitized to voice commands for used-car searches on South Korea-based auto marketplace KCar. Now, when a user asks the virtual...
Ben Salisbury | January 24, 2023 | Automotive, Digital Auto Retail
U.S.-based AI-driven lending platform UpStart has unveiled two new applications for its UpStart Auto Retail platform. UpStart partners with banks and credit unions...
Prabhu | January 23, 2023 | Automotive, Digital Auto Retail, Financials / Deals
DEG, the investment arm of German state-owned bank KfW, is to invest INR850 million ($10 million U.S) in India-based WheelsEMI Pvt. Ltd., the parent company of...
Ben Salisbury | January 20, 2023 | Automotive, Digital Auto Retail, People on the Move
Reports suggest that Cazoo is to move ahead quickly with the office closures and redundancies outlined in its recent results announcement. Earlier this week, Cazoo...
Greg Spencer | January 20, 2023 | Automotive, Digital Auto Retail, People on the Move
Online used-car dealer Vroom has laid off 275 workers, or 20% of its staff, in an effort to stay afloat following poor third-quarter earnings and a deteriorating...
Ben Salisbury | January 20, 2023 | Automotive, Digital Auto Retail
Germany-based used-vehicle marketplace Adesa has consolidated its domestic platform Adesa GWListe and its U.K. counterpart into a single business unit —...
Patrick Kosmider | January 22, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Auto1 Group SE, an online platform for buying and selling secondhand motors in Europe, has signed a lease for a production center in Oosterhout, the Netherlands,...
Ben Salisbury | January 18, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Creditors of British online automotive business Carzam which went bust in June are unlikely to get any money back, according to a progress report from...
Ben Salisbury | January 18, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Cazoo has announced its latest quarterly financial performance and set out a revised strategic plan for 2023, which includes closing some parts of the business,...
Greg Spencer | January 17, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Carvana's board of directors has adopted a “poison pill” strategy to deter any investor from building a stake of 5.0% or more in the struggling digital auto...
Ben Salisbury | January 16, 2023 | Automotive, Digital Auto Retail
U.K.-based Auto Trader has launched Vehicle Insight to enable dealers to receive vehicle data. Vehicle Insight collates key performance indicators (KPIs) on all of...
Greg Spencer | January 13, 2023 | Automotive, Digital Auto Retail, People on the Move
Carvana is terminating more employees and reducing work hours to curb its losses, the Wall Street Journal reported on Friday. The company was letting open...
Ben Salisbury | January 13, 2023 | Automotive, Digital Auto Retail
U.K.-based auto marketplace Motorway has launched a used-car value tracker to allow owners to monitor the value of their vehicles. With used-car prices fluctuating...
Ben Salisbury | January 13, 2023 | Automotive, Digital Auto Retail, People on the Move
Dealer Auction, the trade-to-trade digital wholesale used-car marketplace, a joint venture between Cox Automotive and Auto Trader, has announced the appointment of...
Greg Spencer | January 12, 2023 | Automotive, Digital Auto Retail
Carvana has forfeited its dealer's license in Michigan for three years, settling a dispute with state authorities over several legal violations. In the...
Ben Salisbury | January 12, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Constellation Automotive Group made a loss of £800,000 ($972,000 U.S.) in the year to Apr. 3 2022, according to its latest financial accounts filed at the U.K.’s...
Ben Salisbury | January 11, 2023 | Automotive, Digital Auto Retail, People on the Move
Richard Blumberger has resigned as the chief financial officer (CFO) of U.K.-based Marshall Motor Holdings, according to a Companies House filing. Marshall Motors...
Deb Stowe | January 10, 2023 | Automotive, Digital Auto Retail, People on the Move, Intel
In a sign of scaling back, HeyCar announces suspension of Dutch operations New CEO announced --- has more than 20 years of OEM experience Business likely preparing...
Greg Spencer | January 09, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Struggling to avoid bankruptcy, online used-car retailer Carvana has scrapped plans for a $65 million vehicle-reconditioning center in its home base of Phoenix....
Ben Salisbury | January 06, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Online used car dealer Cinch made a pre-tax loss of £149 million ($178 million U.S.) in the year to April 3, 2022, according to accounts published on Thursday....
Ben Salisbury | January 04, 2023 | Automotive, Digital Auto Retail, Financials / Deals
The New York Stock Exchange (NYSE) has suspended trading in Cazoo’s warrants and begun delisting procedures. Trading in the warrants of the U.K.-based online car...
Tariq Ahmed Saeedi | January 04, 2023 | Automotive, Digital Auto Retail
Consumer satisfaction with online auto marketplaces in South Korea is increasing, as they are instilling trust by curbing fraud, simplifying transactions and...
Prabhu | January 03, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Consolidated revenue at India-based used-car marketplace CarDekho Group rose 81% year on year, to $193 million U.S., during the 12 months to March 31, 2022...
