Greg Spencer | March 04, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Online-used car dealer Vroom lost its vim this past quarter as disappointing earnings led to a 30% drop in the company's share price on Thursday. The company...
Ben Salisbury | March 04, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Cox Automotive U.K. business has invested in its digital product by acquiring British e-commerce services and finance software provider Codeweavers Ltd for an...
Ben Salisbury | March 04, 2021 | Automotive, Digital Auto Retail
Cinch, the British used car platform owned by Constellation Automotive Group (formerly BCA Marketplace) is linking up with car dealerships across the U.K. to...
Tariq Ahmed Saeedi | March 03, 2021 | Automotive, Digital Auto Retail
Bikroy.com, a Bangladesh-based horizontal, has launched a vertical for motorcycles. Bikroy Chaka, which means "sale wheel" in English, is an e-commerce extension...
Greg Spencer | February 26, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Carvana posted $1.83 billion in revenue for Q4 2020, beating Wall Street expectations and marking a strong finish to a year marred by the pandemic. Revenue growth...
Ben Salisbury | February 24, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Alex Chesterman, the founder of British auto vertical Cazoo sold £100 million ($140 million U.S.) of shares in the company in September, according The Sunday...
Greg Spencer | February 24, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Online dealership Gettacar has announced raising $25 million in funding, bringing its total funding to date to $48 million. The round was led by 3L and Luxor...
Greg Spencer | February 23, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Scott Painter’s latest venture, a car-subscription software firm called NXCR, has raised $30 million in seed funding. Scott Painter, Founder of NXCR Painter, the...
Ben Salisbury | February 23, 2021 | Automotive, Digital Auto Retail
Cazoo is ramping up its efforts to expand into Europe. The British car subscription service announced it had acquired Cluno, a German independent flexible car...
Ben Salisbury | February 22, 2021 | Automotive, Digital Auto Retail, People on the Move
Carzam, the U.K.-based online car sales company, has appointed Kirk O’Callaghan as CEO. O’Callaghan (LinkedIn profile) starts his new position today. He joins from...
Ben Salisbury | February 19, 2021 | Automotive, Digital Auto Retail
British auto vertical Cazoo is exploring options to list as a public company with a valuation of over £5 billion ($7 billion U.S.). Cazoo’s founder and CEO is...
Jacopo Natali | February 19, 2021 | Automotive, Digital Auto Retail
Prosus’s car-selling platform, OLX Autos, will begin to sell vehicles and services in Indonesia via Tokopedia, a local e-commerce marketplace. The agreement...
Ben Salisbury | February 17, 2021 | Automotive, Digital Auto Retail
BCA, the U.K.-based vehicle remarketing company has announced a new remarketing deal with Listers, England’s largest privately-owned motor group. The deal will see...
Ben Salisbury | February 17, 2021 | Automotive, Digital Auto Retail
Auto Trader, the leading U.K.-based automotive marketplace, will highlight listings from dealers that don’t inform Auto Trader if they charge an administration fee...
Ben Salisbury | February 12, 2021 | Automotive, Digital Auto Retail
HeyCar, the Volkswagen and Daimler-backed used-car vertical has released an update on the support it is offering its British dealer network during the latest U.K....
Ben Salisbury | February 12, 2021 | Automotive, Digital Auto Retail
Carzam has turned over £20.5 million ($28.3 million U.S.) in sales and sold more than 1,600 cars in its first eight weeks since launching. The company believes it...
Ben Salisbury | February 11, 2021 | Automotive, Digital Auto Retail, Financials / Deals
British auto vertical Cazoo has acquired Smart Fleet Solutions (SFS), a leading vehicle reconditioning and storage business, for an undisclosed sum. The move,...
Jacopo Natali | February 11, 2021 | Automotive, Digital Auto Retail
The Malaysian branch of Mercedes-Benz has launched an online marketplace for both new and used cars. Customers can use this feature to instantly search for stock...
Prabhu | February 11, 2021 | Automotive, Digital Auto Retail, Financials / Deals
In a first of its kind by an auto marketplace in India, CarTrade is going for an IPO. Join now to access the full content....
Rebeka Shaid | February 09, 2021 | Automotive, Digital Auto Retail
Mobility Holding, the company behind German car site MeinAuto.de, has announced rebranding plans, which will include a name change to MeinAuto Group. The news...
Ben Salisbury | February 01, 2021 | Automotive, Digital Auto Retail
The leading U.K.-based automotive marketplace, Auto Trader, said that most retailers are trading at between 60% and 70% of normal volumes during the country's...
Tariq Ahmed Saeedi | January 31, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Japanese auto marketplaces operator Proto Corp. pulled in three-year high quarterly revenue and operating income this past quarter due to robust sales of used- and...
Ben Salisbury | January 28, 2021 | Automotive, Digital Auto Retail
British online used car platform Carzam.co.uk sold over 1,000 cars in its first six weeks of trading. The strong start comes amid a countrywide lockdown. If Carzam...
Greg Spencer | January 27, 2021 | Automotive, Digital Auto Retail
Cox Automotive has unveiled a digital-retail product that bundles and integrates a host of existing services. The service, called Complete Retail, comprises a...
Tariq Ahmed Saeedi | January 25, 2021 | Automotive, Real Estate, Recruitment, Digital Auto Retail
Recruit Holdings has made a value-accretive decision to merge its seven subsidiaries into single brand name. The merged entities operate various marketplaces in...
Tariq Ahmed Saeedi | January 22, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Japan-based car dealer Idom added Y100 billion ($965 million U.S.) in revenue last quarter. Sales rebounded, as well, which the company attributed to a return to...
Ben Salisbury | January 22, 2021 | Automotive, Digital Auto Retail
Manheim Auction Service, part of Cox Automotive Group has signed a two-year contract with recently launched online used car platform Carzam.co.uk. Carzam.co.uk...
Jacopo Natali | January 22, 2021 | Automotive, Digital Auto Retail
Malaysia-based Carsome recently introduced two new services, Home Inspection and Home Delivered Test Drive, which are meant to improve health and safety for...
Ben Salisbury | January 22, 2021 | Automotive, Digital Auto Retail
Leading British auto vertical Auto Trader is giving dealers an opportunity to add customized ‘store fronts’ to their listings on Auto Trader. Starting next month,...
Ben Salisbury | January 22, 2021 | Automotive, Niche Marketplaces, Digital Auto Retail
A new online car sales platform devoted to classic cars has launched in the U.K. SellMyClassic.co.uk links private sellers with classic car dealers. The platform...
