Damian Shore | April 26, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Madrid-based used-car reconditioner and reseller Clicars has revealed that it had revenue of €250 million ($265.9 million U.S.) in 2021. This brought the company’s...
Ben Salisbury | April 26, 2022 | Automotive, Digital Auto Retail, People on the Move
British online motorbike retailer SuperBike Factory has appointed Vik Barodia as chief digital officer. Barodia (LinkedIn profile) will join the board of the...
Ben Salisbury | April 26, 2022 | Automotive, Digital Auto Retail, Financials / Deals
British online auto marketplace Cinch was sold outside of the U.K.-based Constellation Automotive Group in September 2020 for a “fair market value” of £4.6 million...
Ben Salisbury | April 21, 2022 | Automotive, Digital Auto Retail
Britain-based digital auto vertical Cazoo has been investigated by the BBC’s consumer affairs program "Watchdog." The program looked at three separate customer...
Ben Salisbury | April 20, 2022 | Automotive, Digital Auto Retail
British online automotive marketplace CarWow has introduced a ‘Buy it Now’ function on its website to help dealers enable trade buyers to source stock quicker. The...
Ben Salisbury | April 15, 2022 | Automotive, Digital Auto Retail
Online automotive marketplace HeyCar has joined up with insurance technology company Wrisk to launch HeyCar motor insurance, an embedded car insurance product. It...
Prabhu | April 14, 2022 | Digital Auto Retail, People on the Move
India-based used cars marketplace CarDekho has appointed Sharad Saxena CEO of its used car business. According to a report, Sharad Saxena (LinkedIn profile) will...
AIM Group | April 13, 2022 | Automotive, Digital Auto Retail
Stellantis&You, Sales and Services, an automotive marketplace owned by Dutch carmaker Stellantis, is working with France-based auto retail service provider...
Ben Salisbury | April 13, 2022 | Automotive, Digital Auto Retail, People on the Move
Peter Waddell, one of the co-founders of British online used car platform Carzam has resigned as a director of the business. Waddell launched the business with...
Greg Spencer | April 12, 2022 | Automotive, Digital Auto Retail, People on the Move
Online wholesaling platform CarOffer, majority owned by CarGurus, has promoted Kim Jenkins to the newly created role of VP of Consumer Operations. The company has...
Greg Spencer | April 12, 2022 | Automotive, Digital Auto Retail
In recent years, the story of automotive retail has tracked the story of retail in general, with the customer experience going from in store to online. But...
Ben Salisbury | April 11, 2022 | Automotive, Digital Auto Retail
British online automotive marketplace CarWow reports new data that shows a big increase in demand for car leasing service. It has received a 44% increase in...
Deb Stowe | April 10, 2022 | Automotive, Digital Auto Retail, Financials / Deals
London-based motoring fintech company CarMoola has raised £27 million ($35.1 million U.S.) in seed funding, which it will use to develop its product and launch the...
Greg Spencer | April 07, 2022 | Automotive, Digital Auto Retail, Financials / Deals
CDK Global, a publicly traded vendor of software for car dealers, has agreed to be purchased by investment firm Brookfield Business Partners for $8.3 billion. CDK...
Ben Salisbury | April 07, 2022 | Automotive, Digital Auto Retail, Financials / Deals
British digital auto vertical Cazoo has announced its results for 2021 and has quadrupled revenue and more than tripled the number of cars it sold in 2020 but,...
Deb Stowe | April 06, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Auto1 Group, the Germany-based digital auto dealer, has secured a €150 million ($164 million U.S.) lending facility, which it will use to refinance current and...
Deb Stowe | April 06, 2022 | Automotive, Digital Auto Retail, Financials / Deals
AutoScout24-owned LeasingMarkt.de has acquired Dutch platforms LeaseVergelijker and LeaseTrader, marking its market entry into the Netherlands. The takeovers,...
Deb Stowe | April 04, 2022 | Automotive, Digital Auto Retail
Dubai-based automotive marketplace Seez has made its first sale in Denmark, dubbing it the first car sold fully digitally in Scandinavia. It launched in the...
Ben Salisbury | April 01, 2022 | Automotive, Digital Auto Retail, Financials / Deals
British online used-car dealer Cazoo has secured a €50 million ($55.5 million U.S.) asset-backed securitisation facility with BNP Paribas bank to invest in its...
Deb Stowe | March 28, 2022 | Automotive, Digital Auto Retail, People on the Move
Mobile.de has appointed Ajay Bhatia, a veteran of online classifieds in Australia and Asia, as its new CEO. The Germany-based automotive marketplace said that...
Deb Stowe | March 28, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Automotive vertical AutoScout24 is poised to take over a majority stake in Denmark-based digital wholesale platform AutoProff, in a bid to expand its capabilities...
Deb Stowe | March 25, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Auto1 Group, the Germany-based digital auto dealer, has reported a 69% rise in full-year 2021 revenue to €4.8 billion ($5.3 billion U.S.), versus 2020, and a...
Tariq Ahmed Saeedi | March 23, 2022 | Automotive, Digital Auto Retail, People on the Move
Turkey-based used-car buyer and digital auto retailer VavaCars has hired Muhammad Mushtaq to spearhead the company’s operations across Pakistan. VavaCars, backed...
Deb Stowe | March 23, 2022 | Automotive, Digital Auto Retail
Belgium-based insurer Ethias Services is launching Trust My Car, a suite of services available through two apps aimed at buyers and sellers of second-hand...
Ben Salisbury | March 22, 2022 | Automotive, Digital Auto Retail
The leading British used car automotive marketplace, Auto Trader has paid £200 million ($263 million U.S.) to acquire the share capital of leasing platform...
Tariq Ahmed Saeedi | March 21, 2022 | Automotive, Digital Auto Retail
Korean rent-a-car service Lotte Rental plans to launch its b-to-c used-car sales channel during the second half of this year, joining many other big businesses,...
Ben Salisbury | March 21, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Leading British auto marketplace Auto Trader has signed a deal with consumer credit reporting company Experian to provide used car valuations and pricing data for...
Deb Stowe | March 21, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Germany-based automotive marketplace Mobile.de has completed the acquisition of Null-Leasing.com, a local provider of digital leasing services, according a news...
Tariq Ahmed Saeedi | March 17, 2022 | Automotive, Digital Auto Retail, People on the Move
Turkey-based used-car buyer and digital auto retailer VavaCars has introduced digital auto retail in Pakistan, becoming the first service with this unique selling...
Ben Salisbury | March 17, 2022 | Automotive, Digital Auto Retail
British auto sales platform BuyACar has announced a redundancy consultation for staff this week as it prepares to radically change its business model after...
