Ben Salisbury | January 19, 2021 | Automotive, Digital Auto Retail, Financials / Deals
British automotive marketplace CarWow continued to lose money in 2019. However, it managed to reduce overall group losses by over £1 million to £13.8 million...
Tariq Ahmed Saeedi | January 19, 2021 | Automotive, Digital Auto Retail
Iran-based auto marketplace Bama.ir has launched Mashinchi.ir, an online-to-offline service for car sales with a 6,000 square-meter facility in Tehran. The service...
Ben Salisbury | January 18, 2021 | Automotive, Digital Auto Retail, People on the Move
Cinch, the British used car platform owned by Constellation Automotive Group (formerly BCA Marketplace), has appointed Robert Bridge as its new chief customer...
Ben Salisbury | January 14, 2021 | Automotive, Digital Auto Retail
EBay Motors Group will offer U.K. dealers free classified advertising on its Gumtree Motors, EBay Motors and Motors.co.uk platforms throughout February to help...
Ben Salisbury | January 14, 2021 | Automotive, Digital Auto Retail, People on the Move
British online used car platform Carzam.co.uk has announced two new senior hires to “help move the business onto the next level.” The company has appointed former...
Rebeka Shaid | January 13, 2021 | Automotive, Digital Auto Retail, Financials / Deals
After much speculation, used-car marketplace Auto1 announced Wednesday that it will go public on the Frankfurt Stock Exchange in the first quarter of the year. The...
Jacopo Natali | January 14, 2021 | Automotive, Digital Auto Retail
Malaysian digital auto retail marketplace Carsome has established its first technical school in Malaysia. The company says Carsome Academy wants to guarantee...
Ben Salisbury | January 08, 2021 | Automotive, Digital Auto Retail
Both CarGurus.co.uk and HeyCar have followed Auto Trader in announcing support for British advertisers following the latest U.K. lockdown. Automotive marketplace...
Prabhu | January 11, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Used car marketplace Cars24 has registered 82% year-over-year revenue growth in FY2020, while reducing losses by 12.5%. Join now to access the full content....
Ben Salisbury | January 06, 2021 | Automotive, Digital Auto Retail
Leading British auto vertical Auto Trader has announced further support for dealers and advertisers as the U.K. enters its third lockdown. Auto Trader will waive...
Jacopo Natali | January 05, 2021 | Automotive, Digital Auto Retail, Financials / Deals
Carsome, the Malaysian digital auto retail company, recently finalized a $30 million U.S. Series D funding round and is now planning to accelerate the regional...
Ben Salisbury | December 31, 2020 | Automotive, Digital Auto Retail
Scotland-based used car dealer group Peter Vardy will launch an online used car marketplace called Carz at the start of next year. Peter Vardy plans to end its...
Ben Salisbury | December 23, 2020 | Automotive, Digital Auto Retail
CD Auction, a digital remarketing and online auction company, is launching a fully managed dealer-to-dealer trading platform in January. The new platform, called...
Lars Herlin | December 23, 2020 | Automotive, Digital Auto Retail
AI-generated vehicle display videos have become increasingly popular among Scandinavian horizontals. Schibsted-owned Finn.no was the first marketplace to offer AI...
Ben Salisbury | December 17, 2020 | Automotive, Digital Auto Retail, Financials / Deals
British auto vertical Cazoo has agreed to acquire Drover, a U.K.-based automotive subscription service specialist, for an undisclosed sum. This is the latest sign...
Greg Spencer | December 16, 2020 | Automotive, Digital Auto Retail, Financials / Deals
Digital used-car dealer Vroom announced it has agreed to acquire automotive listings and data firm CarStory for cash and shares worth $120 million. CarStory runs...
Ben Salisbury | December 16, 2020 | Automotive, Digital Auto Retail
Vauxhall has confirmed that it will sell cars online in the U.K. through a new consumer-facing platform. The move comes after two other PSA Group brands, Peugeot...
Greg Spencer | December 11, 2020 | Automotive, Digital Auto Retail, Financials / Deals
Updated with the acquisition price and information from Manheim Used-car marketplace CarGurus has announced plans to acquire a 51% stake in wholesale vehicle...
Jacopo Natali | December 12, 2020 | Automotive, Digital Auto Retail, Financials / Deals
Carsome, the Malaysia-based automotive marketplace, raised $30 million U.S. in a Series D funding round led by Asia Partners, Burda Principal Investments and...
Ben Salisbury | December 09, 2020 | Automotive, Digital Auto Retail
U.K.-based vehicle financing company MotoNovo Finance is collaborating with wholesale funding software firm APAK to launch new supplier-direct funding. The new...
Jacopo Natali | December 11, 2020 | Automotive, Digital Auto Retail
According to Google, Indonesia is the largest digital economy in Southeast Asia — it's predicted to reach $44 billion U.S. this year. This massive potential has...
Ben Salisbury | December 08, 2020 | Automotive, Digital Auto Retail
Electric vehicle and mobility solutions designer and manufacturer Fisker Inc. has signed an agreement with Cox Automotive U.K. and Rivus Fleet Solutions to provide...
Ben Salisbury | December 03, 2020 | Automotive, Digital Auto Retail
Carzam, a new online automotive platform, launched in the U.K. today, adding to the fierce competition in the U.K. online automotive marketplace. The new platform...
Ben Salisbury | December 02, 2020 | Automotive, Digital Auto Retail
U.K.-based automotive used-car marketplace Motorway has launched a new bidding system for its Motorway Pro product. The feature lets dealers set a maximum amount...
Ben Salisbury | December 02, 2020 | Automotive, Digital Auto Retail, People on the Move
Neil Smith has left his role as retail operations director at U.K.-based digital dealer Cazoo. Smith (LinkedIn profile) was hired by Cazoo to oversee the...
Ben Salisbury | November 30, 2020 | Automotive, Digital Auto Retail
Volkswagen Financial Services (VWFS) has launched a car leasing platform in the U.K. VWFS Drive offers U.K. consumers a direct option to lease a vehicle online....
Ben Salisbury | November 26, 2020 | Automotive, Digital Auto Retail
Leasys, the funding arm of Italian car manufacturer Fiat Chrysler Automobiles (FCA) has launched a new online auction platform called Clickar in the U.K. Clickar...
Ben Salisbury | November 24, 2020 | Automotive, Digital Auto Retail
Nathan Coe, the CEO of leading British auto vertical Auto Trader, has said the company doesn’t have a strategy to sell its own cars or compete with dealers....
Ben Salisbury | November 19, 2020 | Automotive, Digital Auto Retail
Leading British auto vertical, Auto Trader has reported a positive response to the recent launch of its Buy Online hub, which lets dealers take advantage of...
Ben Salisbury | November 17, 2020 | Automotive, Digital Auto Retail
British auto vertical Cazoo has delivered its 10,000th car since launching on December 1, 2019. In that time, it's generated revenue of over £150 million ($198...
