Damian Shore | November 29, 2022 | Automotive, Digital Auto Retail
According to Madrid-based Motoreto, an online platform that works with used-car dealers to help them drive sales, its revenue rose by 1,200% during the first half...
Damian Shore | November 29, 2022 | Automotive, Digital Auto Retail
Barcelona-based used-motorcycle retailer MundiMoto is broadening its business model: In 2023, it will begin to sell new electric motorcycles from six...
David Loji | November 29, 2022 | Automotive, Digital Auto Retail
Mexico-based digital auto retailer Kavak is bracing for a difficult 2023, with significant spending cuts and staff layoffs, according to an internal email sent...
Tariq Ahmed Saeedi | November 28, 2022 | Automotive, Digital Auto Retail
Mexico-based digital auto retailer Kavak.com has contracted at least 10 credit institutions to finance used cars within one and half years of its launch in Turkey,...
Ben Salisbury | November 23, 2022 | Automotive, Digital Auto Retail
Most car buyers in U.K. prefer to buy a vehicle after visiting a dealership and speaking to an advisor, a survey commissioned by EBay Motors has found. Its latest...
Andrzej Sowula | November 23, 2022 | Automotive, Digital Auto Retail
Finland-based Alma Media will launch a new digital car auction service to let individuals sell their cars to dealerships. It will start operating in the first...
Jacopo Natali | November 22, 2022 | Digital Auto Retail, Financials / Deals
Malaysia-based used-car industry brands MyTukar and Genie have boasted strong sustainable growth as they reach significant milestones. Marketplace MyTukar marks...
Jacopo Natali | November 22, 2022 | Automotive, Digital Auto Retail
PT Oddy Oto Inovasi, a subsidiary of Planet Ban, has launched a second-hand motorcycle marketplace called PlanetAja to compete with Carmudi, Moladin and OLX in...
Greg Spencer | November 18, 2022 | Automotive, Digital Auto Retail
Carvana plans to lay off an additional 1,500 people, or 8% of staff, after determining a 2,500 reduction in headcount earlier this year was not enough to save its...
Ben Salisbury | November 18, 2022 | Automotive, Digital Auto Retail
U.K.-based online auto marketplace CarWow has criticized the government’s plan to end the exemption of electric vehicles (EVs) from vehicle excise duty, which is...
Ben Salisbury | November 18, 2022 | Automotive, Digital Auto Retail
Sweden-based video technology provider Phyron's automated video software has been integrated into U.K.-based Auto Trader's Connect platform. This will enable more...
Ben Salisbury | November 18, 2022 | Automotive, Digital Auto Retail, Financials / Deals
BCA Europe has signed a deal with Nissan to support the carmaker’s remarketing operations. Remarketing involves the disposal of fleet and leasing vehicles...
David Loji | November 18, 2022 | Automotive, Digital Auto Retail
Fintech company Mezubo has formed an alliance in Colombia with Mercado Libre to offer pre-owned-car financing for users of the e-commerce giant, according to a...
Greg Spencer | November 15, 2022 | Automotive, Digital Auto Retail, Financials / Deals
AutoNation, one of the biggest U.S. auto retailers, has taken a 6.1% stake in TrueCar, giving the fading listings site a welcome vote of confidence as it tries to...
Damian Shore | November 15, 2022 | Automotive, Digital Auto Retail
In a recent interview with site Economía Digital, Fedor Artiles, head of HeyCar Spain (LinkedIn profile), assessed the development of digital auto retail, which it...
Jacopo Natali | November 15, 2022 | Digital Auto Retail, Financials / Deals
Bank DBS Indonesia has agreed to provide Indonesia-based automotive startup Broom with a IDR100 billion ($6.5 million U.S.) credit facility. According to Broom, it...
David Loji | November 15, 2022 | Automotive, Marketplaces, Digital Auto Retail
Chile-based Transa Tu Auto, which facilitates the buying and selling of cars using digital processes, has raised $1.2 million USD in a funding round, website...
AIM Group | November 14, 2022 | Automotive, Digital Auto Retail
Uxin, a leading e-commerce service for buying and selling used cars in China, has received a compliance notification from the Nasdaq Stock Market confirming it has...
Ben Salisbury | November 14, 2022 | Automotive, Digital Auto Retail
Stellantis U.K. has introduced a home delivery service for SpotiCar, its approved used-vehicle program, according to a press release. Based in the Netherlands,...
Ben Salisbury | November 12, 2022 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based car supermarket Vertu Motors is in “advanced discussions” regarding a potential acquisition of dealership chain Helston Garages Group, according to a...
Ben Salisbury | November 12, 2022 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based digital auto retailer Cazoo has extended the lock-up period on a financing deal by almost a year, according to a press release. 96% of holders of a $630...
Ben Salisbury | November 12, 2022 | Automotive, Digital Auto Retail
Growth in the number of people in the U.K. choosing to buy a car through a fully online process is slowing, according to Auto Trader Group chief operations officer...
Greg Spencer | November 11, 2022 | Marketplaces, Digital Auto Retail, Financials / Deals
A year after subsuming its Canada-based operations into its U.S. unit, Cox Automotive has sold its retail business in Canada to the owner of the leading auto...
Damian Shore | November 11, 2022 | Automotive, Digital Auto Retail
Barcelona-based digital auto retailer MundiMoto sold 10,000 motorcycles during the first ten months of the year and is on track to reach 15,000 for 2022 as a...
Ben Salisbury | November 11, 2022 | Automotive, Digital Auto Retail
Used-vehicle online remarketing platform Motom has grown its customer base to 350 since launching in mid-2022, including 10 of the top 100 franchised U.K. dealers...
Ben Salisbury | November 10, 2022 | Automotive, Digital Auto Retail, Financials / Deals
U.K.-based automotive marketplace Auto Trader saw revenue rise by 16% to £249.8 million ($286 million U.S.) during H1 FY2023 (April-September 2022). However, its...
Prabhu | November 08, 2022 | Digital Auto Retail, Financials / Deals
India-based used-car marketplace CarDekho is to invest $100 million in Rupyy, its auto financing non-banking financial corporation (NBFC), a fintech that was...
Deb Stowe | November 04, 2022 | Automotive, Digital Auto Retail
Europe-focused digital auto dealer Driverama has hailed its pivot from ecommerce to omnichannel as the major factor in its progress on a market that has claimed...
Patrick Kosmider | November 06, 2022 | Automotive, Digital Auto Retail
The company behind the Germany-based Alles.Auto car dealership project has been officially formed, and is due to start operations before the end of the year. The...
Ben Salisbury | November 04, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Global carmaker Stellantis has announced its Q3 2022 financial results which show revenue up 29% year-on-year to €42.1 billion ($41.1 billion U.S.), helped by...
