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...
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 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...
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....
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...
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,...
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...
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...
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...
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...
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 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...
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...
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 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...
