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Industry News




Carvana Effect a real surprise, CarGurus CEO says

The fast-moving Carvana Effect --- in which consumers buy a car without ever touching it, driving it or even filling out printed paperwork --- caught even CarGurus founder and CEO Langley Steinert by surprise. This content is part of our business intelligence service....

CarGurus on course to outpace Cars.com’s earnings

CarGurus, the leading auto marketplace in the U.S. by traffic, is rapidly narrowing the revenue gap with its rivals. Within a few months, it will most likely overtake the quarterly revenue of Cars.com to become the No. 2 in the market. This content is part of our...

LinkedIn appoints new DACH country manager

LinkedIn announced today that Barbara Wittmann will become the new country manager for the DACH region, overseeing operations in the German-speaking countries of Austria, Germany and Switzerland — the company’s fastest growing European region, in terms of...

Manheim launches trade-in valuation tools

Manheim, part of Cox Automotive Group, has launched new valuation and appraisal products to help dealers and marketplaces offer an accurate online and offline trade-in process. This content is part of our business intelligence service. Please click the button below to...

Zigexn in Japan sees modest revenue growth

Japanese Internet firm Zigexn Inc., which operates multiple auto, job and real estate sites, posted a meager 3.3% year-on-year increase in quarterly profit. Although sales ratcheted up in the second quarter, yen-thrifty clients are expected to dampen the company's...

Tradus expands price comparison tool

Tradus, an international marketplace for used commercial vehicles and heavy machinery, has expanded its price index tool to include heavy construction equipment. In March, Tradus launched its price index, Tradus Market Value, a unique offering among heavy equipment...

HeyCar to launch app

HeyCar, the Volkswagen and Daimler-backed car vertical, will launch an app next year to broaden its “offers and functionalities,” CEO Markus Kröger told German trade magazine Automobilwoche (in German). The app will be intuitive and accessible, Kröger said. The move...

Adevinta relocates to new office in Barcelona

Adevinta inaugurated its new office space in Barcelona last week at an event for politicians and media in Spain. The company has relocated approximately one-third of its employees to the new office. This content is part of our business intelligence service. Please...