Greg Spencer | February 23, 2023 | Automotive, Digital Auto Retail, Financials / Deals
U.S. autos site TrueCar posted a sixth consecutive quarter of revenue decline in Q4 2022, citing continued challenges with its success-based business model. The...
Ben Salisbury | February 23, 2023 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based digital auto retailer Cazoo continues to divest assets, disposing of data business Cazana for an undisclosed sum to an unnamed buyer, according to a...
Ben Salisbury | February 23, 2023 | Automotive, Digital Auto Retail, Financials / Deals
London-based auto financing company Carmoola has raised £8.5 million ($10.2 million U.S.) in a Series A funding round, alongside a £95 million ($115 million U.S.)...
Patrick Kosmider | February 23, 2023 | Automotive, Digital Auto Retail
A report from software company Faaren Group asserts that the German automotive industry is becoming more reliant on new car subscriptions. Founded in 2018 and...
AIM Group | February 23, 2023 | Automotive, Digital Auto Retail, Financials / Deals
South Africa-based car subscription company Planet42 has raised $100 million U.S. in debt and equity funding. Its $15 million equity round was co-led by ARS...
Jacopo Natali | February 22, 2023 | Automotive, Digital Auto Retail
Malaysia-based c-to-b-to-c automotive marketplace Carsome has launched Carsome Service Centers in Petaling Jaya and Ampang. These service centers are intended to...
Prabhu | February 22, 2023 | Digital Auto Retail
DriveX, an India-based motorcycle marketplace, has launched its first refurbishment centre in Coimbatore, Tamil Nadu State. Join now to access the full content....
Damian Shore | February 20, 2023 | Automotive, Digital Auto Retail
The Spain-based subsidiary of digital auto retailer HeyCar forecasts that its revenue will treble this year, in spite of the fact that it expects total used-car...
Ben Salisbury | February 20, 2023 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based digital auto retailer Cazoo has sold Germany-based car subscription business Cluno to ViveLaCar and the Platform Group for an undisclosed sum, according...
Ben Salisbury | February 17, 2023 | Automotive, Digital Auto Retail
EBay Motors is introducing EBay Guaranteed Fit to increase the confidence of its users in its automotive marketplace. EBay Guaranteed Fit provides a green...
Ben Salisbury | February 16, 2023 | HRTech, Automotive, Real Estate, Recruitment, Digital Auto Retail, PropTech & IBuying
U.K.-based Tappter has launched an instant messaging platform that aims to change the way estate agents manage communications with their customers and other...
Ben Salisbury | February 15, 2023 | Automotive, Digital Auto Retail
U.K.-based automotive ecommerce company Drivvn has announced that its gross merchandise value (GMV) rose 21% year-on-year to £709 million ($863 million U.S.) in...
Damian Shore | February 13, 2023 | Automotive, Niche Marketplaces, Digital Auto Retail
Cüimo, a marketplace dedicated to buying and selling motorcycles, has launched in Spain. According to Cüimo, it allows consumers to “buy a second-hand motorcycle...
Damian Shore | February 13, 2023 | Automotive, Digital Auto Retail
Digital auto retailer Clicars, the Spain-based subsidiary of France-based Aramis Group, saw revenue rise by 15.8% year on year (y-o-y) to €93 million ($99 million...
Ben Salisbury | February 11, 2023 | Automotive, Digital Auto Retail
Google has demonstrated Bard, its own rival to Chat GPT, including an example of how it could change the car buying process. Bard is a conversational AI language...
Tariq Ahmed Saeedi | February 09, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Inventory management helped protect KCar's annual business growth from the domestic economic downturn, according to the company. The South Korea-based used-car...
Ben Salisbury | February 08, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Shareholders of struggling U.K.-based digital auto retailer Cazoo approved a reverse stock split at an EGM on 7 Feb, according to a statement from the company....
Ben Salisbury | February 08, 2023 | Automotive, Digital Auto Retail, Financials / Deals
TDR Capital has expanded its already strong presence in U.K. automotive retail by acquiring a 3.1% stake in listed used car group Vertu Motors for £6.8 million...
Ben Salisbury | February 08, 2023 | Automotive, Digital Auto Retail, People on the Move
U.K.-based Marshall Motor Group has appointed Mark Hemus as CFO. Hemus (LinkedIn profile) joins the company from public transport company the Arriva Group. He...
Greg Spencer | February 03, 2023 | Automotive, Digital Auto Retail, Financials / Deals
After merging with brick-and-mortal retailer CarLotz last year, San Francisco-based Shift Technologies is getting rid of its recently acquired East Coast locations...
Ben Salisbury | February 03, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Used car sales through U.K.-based c-to-b used-car marketplace Motorway more than doubled to £1.7 billion ($2.1 billion U.S.) in 2022 from £841 million in the...
Ben Salisbury | February 01, 2023 | Automotive, Digital Auto Retail
A survey commissioned by CarWow has found that a significant number of motorists in the U.K. are considering switching to monthly payment deals when they next...
Tariq Ahmed Saeedi | January 31, 2023 | Automotive, Digital Auto Retail, People on the Move
South Korea-based Lotte Rental has appointed Jinhwan Choi (pictured) as CEO. He will take up the role on 1 Feb, replacing Kim Hyun-soo, who resigned after...
Patrick Kosmider | January 31, 2023 | Automotive, Digital Auto Retail
Berlin-based digital auto retailer HeyCar is restructuring its business. "In order to continue the sustainable development of our company, we are currently...
Greg Spencer | January 30, 2023 | Automotive, Digital Auto Retail, People on the Move
John Hammer, president of Carvana subsidiary Adesa, has resigned to lead another automotive company. John Hammer Hammer has been named CEO of Spectrum Automotive...
Greg Spencer | January 27, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Motobyo, a new online car-auction platform that strives to connect private sellers with private buyers, eliminating dealer fees for both, is launching in...
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...
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...
