Deb Stowe | August 12, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Online car dealership Shift Technologies posted second-quarter revenue of $47.3 million, down by 79% year on year. Gross profit slumped by 74% to $3.1 million in...
Lars Herlin | August 11, 2023 | Automotive, Digital Auto Retail, People on the Move
Norway-based secondhand car app Nettbil has been without a permanent CEO since founders Eirik Thorsen, Anders Espelund and Thomas Hage jumped ship in late June,...
Prabhu | August 11, 2023 | Automotive, Digital Auto Retail, Financials / Deals
India-based used cars marketplace CarTrade Tech posted INR1.1 billion ($12.9 million U.S.) in consolidated revenue for the three months to June 2023 (Q1 FY23-24),...
Greg Spencer | August 09, 2023 | Automotive, Digital Auto Retail
Carvana has rolled out an online tool for consumers that gives a continually updated value of their vehicle. The Value Tracker, available for desktop and mobile,...
Deb Stowe | August 09, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Online car dealer Vroom posted $225 million in Q2 total revenue, a drop of 52.6% year on year. Of the total sum, ecommerce revenue — which accounted for the...
Nik Flegont | August 09, 2023 | Automotive, Digital Auto Retail
According to Russia-based classifieds giant Avito, sales of used cars aged three years or less through its Avito Auto vertical increased by 59% year on year in the...
Nik Flegont | August 08, 2023 | Automotive, Digital Auto Retail
Avito Auto, a vertical owned by Russia-based classified giant Avito, has revealed that sales of auto spare parts via Avito Delivery have grown two-fold year on...
Ignacio Landivar | August 08, 2023 | Automotive, Digital Auto Retail
After waves of layoffs and a restructuring, Berlin-based digital auto retailer HeyCar has lost one of its founding partners after Mercedes-Benz sold its shares in...
Greg Spencer | August 04, 2023 | Automotive, Digital Auto Retail
Online dealer Carvana has introduced same-day delivery of certain inventory to customers in and around Phoenix, Indianapolis and Charlotte, North Carolina....
Prabhu | August 04, 2023 | Automotive, Digital Auto Retail
India-based used cars marketplace Spinny has laid off around 300 employees as part of a restructuring process that included the merging of subsidiaries Truebil and...
Damian Shore | August 04, 2023 | Automotive, Digital Auto Retail
Spain-based secondhand car marketplace and digital auto retailer Niw.es is to raise at least €15.0 million ($16.4 million) in additional capital from its owners...
Damian Shore | August 04, 2023 | Automotive, Digital Auto Retail
Berlin-based Digital auto retailer HeyCar will exit the Spanish market at the end of August, website La Tribune de Automoción reports. All of the company’s staff...
Tariq Ahmed Saeedi | August 03, 2023 | Automotive, Digital Auto Retail, Financials / Deals
South Korea-based used-car marketplace KCar Inc. saw its bottom-line strategy culminate in healthy corporate profitability amid challenging market conditions...
Ben Salisbury | August 03, 2023 | Automotive, Digital Auto Retail, Financials / Deals
The deal to sell British listed car dealer group Lookers to Alpha Auto Group (AAG), a privately owned Canadian car dealer group looks to be back on after Global...
Ignacio Landivar | August 02, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Revenue at Berlin-based digital auto retailer Auto1 Group SE declined by 22.8% year on year (y-o-y) and by 11% quarter on quarter (q-o-q) to €1.3 billion ($1.5...
Ben Salisbury | August 02, 2023 | Automotive, Digital Auto Retail
Cox Automotive’s U.K. business has signed new partnerships with four car dealer groups, Car 360, Chris W Roads, JW Autos and Phantom Motor Company for them to sell...
Ignacio Landivar | August 02, 2023 | Automotive, Digital Auto Retail
More than three-quarters of cars sold in Argentina are used, according to research published by digital auto retailer Kavak, and 90% of used car sales are...
Prabhu | August 02, 2023 | Digital Auto Retail, People on the Move
India-based used car marketplace Droom has appointed Vishwajeet Singh Rana as head of marketing, local media report. Before joining the Gurugram-headquartered...
Ben Salisbury | August 01, 2023 | Automotive, Digital Auto Retail, Financials / Deals
According to its latest financial reporting, U.K.-based digital auto retailer Cazoo sold 29% fewer cars during the first six months of 2023 (H1 2023) than in the...
Ben Salisbury | July 31, 2023 | Automotive, Digital Auto Retail
A new online automotive marketplace has launched in Vietnam. Vietwheels features used vehicles from major global brands including Ford, Toyota and Chevrolet. Car...
Ben Salisbury | July 31, 2023 | Automotive, Digital Auto Retail
Global automotive group Stellantis has launched an online direct selling platform for its U.K. used-car business. The sales will be made through its Spoticar...
Ben Salisbury | July 31, 2023 | Automotive, Digital Auto Retail, People on the Move
U.K.-based used-car marketplace Motorway has appointed Liz Kistruck as its first chief financial officer (CFO). Kistruck (LinkedIn profile) joins from fashion...
Deb Stowe | July 27, 2023 | Automotive, Digital Auto Retail, Financials / Deals, People on the Move
U.K.-based used-car marketplace Motorway has acquired Total Car Check, a U.K.-based provider of vehicle provenance checks. The terms of the deal have not been made...
Nik Flegont | July 21, 2023 | Real Estate, Recruitment, Marketplaces, Niche Marketplaces, Digital Auto Retail
Russian state communications regulator Roskomnadzor has included a number of classifieds sites on a list of websites that fall under a new law. As a result, the...
Ben Salisbury | July 20, 2023 | Automotive, Digital Auto Retail, Financials / Deals
The deal to sell British listed car dealer group Lookers to Alpha Auto Group (AAG), a privately owned Canadian car dealer group could be in doubt after Lookers...
Greg Spencer | July 19, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Reeling online car dealer Carvana has cut a deal with bond holders that reduces its debt and near-term interest payments – and quells talk of bankruptcy for the...
Hasan Aga | July 18, 2023 | Automotive, Digital Auto Retail
UAE-based online auto marketplace DubiCars has launched a new section on its platform focusing on new cars. The section — which allows customers to go...
Jacopo Natali | July 17, 2023 | Automotive, Digital Auto Retail
Thailand-based auto classified site One2Car has launched a tool to inform users of the average price of vehicles. Drawing on One2Car's extensive car data, My...
Ben Salisbury | July 17, 2023 | Automotive, Digital Auto Retail, Financials / Deals
Leading pan-African general marketplace Jiji and Cars45 an auto marketplace based in Nigeria have agreed a deal with CFAO Suzuki to help promote car ownership by...
Ben Salisbury | July 17, 2023 | Automotive, Digital Auto Retail
New research from U.K.-based automotive marketplace Auto Trader reveals that finance penetration rates for new and used cars are slowing but rising annual...
