Tariq Ahmed Saeedi | May 18, 2022 | Automotive, Digital Auto Retail, Financials / Deals
South Korea-based private equity firm VIG Partners (formerly known as Vogo Investment Group) has started a process to divest from auto marketplace AutoPlus,...
Tariq Ahmed Saeedi | May 18, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Naver-backed used goods marketplace Kream has acquired minority stake in Korean digital auto retailer ChexCar in a deal estimated at ₩1.5 billion ($1.2 million...
Greg Spencer | May 17, 2022 | Automotive, Digital Auto Retail
Carvana has had its dealer’s license revoked by the State of Illinois for the same sort of registration and title problems that have dogged the company in several...
Damian Shore | May 17, 2022 | Automotive, Digital Auto Retail
In an interview with AIM Group principal Jonathan Turpin at the AutosBuzz event in Barcelona today, Jost Dieckhaus (LinkedIn profile), VP of Germany-based digital...
Ben Salisbury | May 17, 2022 | Automotive, Digital Auto Retail
Data from British used car automotive marketplace, Auto Trader will be used to feed the U.K.’s Office for National Statistics (ONS) to measure inflation, including...
Damian Shore | May 17, 2022 | Automotive, Digital Auto Retail
At the AutosBuzz conference in Barcelona today, Felix Frank (LinkedIn profile), the chief commercial officer and GM for Smyle, the auto digital retailing service...
Damian Shore | May 17, 2022 | Automotive, Digital Auto Retail
At the AIM Group’s AutosBuzz conference in Barcelona today, AIM Group principal Jonathan Turpin (LinkedIn profile) forecast that 80% of automotive sales would be...
Damian Shore | May 17, 2022 | Automotive, Digital Auto Retail
At the AIM Group’s AutosBuzz conference in Barcelona today, Stanislav Gálik, CEO and chairman of Europe-focused digital dealer Driverama, described arbitrage...
Prabhu | May 16, 2022 | Digital Auto Retail
Cars24’s has introduced CAR-LEE, its new Bruce Lee-inspired tech mascot, adding a touch of fun to the used cars market in India. Launched on India’s National...
AIM Group | May 16, 2022 | Automotive, Digital Auto Retail, People on the Move
Kavak, a Mexico-based digital auto retailer, has appointed Waleed Ibrahim director of expansion GCC (Gulf Cooperation Council), indicating that the company seeks...
AIM Group | May 13, 2022 | Automotive, Digital Auto Retail
Kavak, a digital auto retailer, has quietly launched its Colombian, Chilean and Peruvian sites. The company declined to comment on whether those will be active...
Greg Spencer | May 12, 2022 | Automotive, Digital Auto Retail
CarGurus has announced that a new digital retail tool, introduced to select dealers a year ago on a pilot basis, will be available to all U.S. dealers later this...
Ben Salisbury | May 12, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Constellation Automotive Group, the owner of U.K. automotive marketplace Cinch has received regulatory approval from the Financial Conduct Authority (FCA) to...
Ben Salisbury | May 12, 2022 | Automotive, Digital Auto Retail, People on the Move
PSA Peugeot and Citroen Group-owned Stellantis has appointed Paul Willcox to lead its U.K. car and commercial vehicle brands following the promotion of Alison...
Ben Salisbury | May 12, 2022 | Automotive, Digital Auto Retail
U.K.-based online car dealer Cazoo is continuing its expansion into Europe with the launch of its new business in Spain. Cazoo launched in Germany and France in...
Deb Stowe | May 11, 2022 | Automotive, Digital Auto Retail
Auto1 Group, the Germany-based digital auto dealer, posted an 82% hike in revenues in Q1, year over year, taking the indicator to €1.6 billion ($1.7 billion U.S.)....
Greg Spencer | May 11, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Transaction-based marketplace TrueCar is off to a rough start in 2022, posting a third straight quarter of sequential revenue decline and a fifth straight quarter...
Ben Salisbury | May 11, 2022 | Automotive, Digital Auto Retail, People on the Move
British online automotive marketplace CarWow has strengthened its leadership team with several new appointments as it enters what it calls an “exciting and...
AIM Group | May 08, 2022 | Automotive, Digital Auto Retail
Is a collapse or exit coming shortly for Carzam? The U.K. car-sales site has been in executive turmoil the past six months, and now The Sunday Times (of London)...
Ben Salisbury | May 06, 2022 | Automotive, Digital Auto Retail
British online car dealer Cazoo reported to the U.S. Securities and Exchange Commission (SEC) this week on some of the challenges the company faces to become...
Prabhu | May 06, 2022 | Digital Auto Retail, People on the Move
Arun Sirdeshmukh, CEO of Ola Cars, the used-car vertical of India-based ride-hailing company Ola, has quit after just a six-month stint at the helm of the...
Tariq Ahmed Saeedi | May 05, 2022 | Automotive, Digital Auto Retail, Financials / Deals
KCar Inc., which operates an auto marketplace and an online car auction system in South Korea, sold 14,217 used cars online during the first quarter, up 36%...
Ben Salisbury | May 03, 2022 | Automotive, Digital Auto Retail, People on the Move
British auto sales platform BuyACar has announced that its founder, Andy Oldham has left his position with BuyACar’s owner Autovia. The decision comes after the...
Ben Salisbury | May 03, 2022 | Automotive, Digital Auto Retail, Financials / Deals
British digital auto vertical Cazoo has released its financial results for Q1 2022 and has increased revenue by 159% year-on-year, selling 53% more retail vehicles...
Deb Stowe | April 28, 2022 | Automotive, Digital Auto Retail
Car buyers still prefer to purchase their vehicles in person rather than online, in spite of companies’ drive to ramp up their online capabilities during the...
Deb Stowe | April 28, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Adevinta Ventures, the investment arm of marketplace operator Adevinta, is investing in SpotAWheel, a digital retailer of used cars. The Series B €110 million...
Prabhu | April 27, 2022 | Digital Auto Retail
India-based used cars marketplace CarDekho has launched Rupyy, a specialized site for auto financing. Join now to access the full content....
Prabhu | April 27, 2022 | Digital Auto Retail
Prosus-owned general marketplace OLX India has appointed Siddharth Agrawal as the country head of Marketing for OLX Autos. According to a news release, Agrawal...
Ben Salisbury | April 27, 2022 | Automotive, Digital Auto Retail, People on the Move
The CEO of British online auto marketplace Carzam, Kirk O’Callaghan, has been removed as a director of the firm, according to new documents posted on the U.K.’s...
Ben Salisbury | April 27, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Volvo Cars has used its venture capital arm, Volvo Cars Tech Fund, to take a minority stake in British online auto marketplace CarWow. Volvo Cars said in a...
