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...
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 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...
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...
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 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...
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...
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...
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...
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...
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...
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...
Lucy Barnard | November 18, 2020 | Automotive, Digital Auto Retail
Oman-based Carzaty said it is attempting to leverage its store of data to buy specific makes and models that are in demand but likely to sell out soon. Carzaty was...
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...
Ben Salisbury | November 17, 2020 | Automotive, Digital Auto Retail
Dealer Auction, the digital remarketing joint venture between Cox Automotive and Auto Trader, will supply digital auction services to Volkswagen Group’s franchised...
Ben Salisbury | November 16, 2020 | Automotive, Digital Auto Retail
HeyCar now offers free home delivery in the U.K. The company is offering the service on all 110,000 vehicles on its platform and is covering dealers’ costs...
Greg Spencer | November 13, 2020 | Automotive, Digital Auto Retail, Financials / Deals
Online used-car retailer Shift (NASDAQ: SFT) issued its first quarterly earnings report as a publicly traded company, posting revenue of $59.9 million, up 31%...
Ben Salisbury | November 12, 2020 | Automotive, Digital Auto Retail
HeyCar, the Volkswagen and Daimler-backed used-car vertical, has introduced fully-integrated financing applications into its purchasing process in the U.K. The new...
