Ben Salisbury | November 14, 2019 | Automotive
Leading British automotive vertical Auto Trader announced it will partner with digital merchandising provider GardX to let customers inspect cars online in a more interactive way. Auto Trader will use the GardX AD-Vantage online product SpinCar on its website, letting...
Greg Spencer | November 13, 2019 | Automotive
A federal judge will hold a hearing in January to determine if $28.3 million is a fair settlement for a class action lawsuit by TrueCar shareholders. This content is part of our business intelligence service. Please click the button below to learn more. Subscribe...
Greg Spencer | November 13, 2019 | Automotive, Financials / Deals
Online used-car retailer Carvana has revealed plans for an inspection and reconditioning center in Bessemer, Ala. The project would amount to a $47 million investment and bring 300 jobs to the area, according to the Birmingham Times. Construction on the 200,000...
AIM Group | November 13, 2019 | Automotive, AIMR
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....
AIM Group | November 13, 2019 | Automotive, AIMR
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...
Rebeka Shaid | November 13, 2019 | Recruitment, People on the Move
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...
Lars Herlin | November 13, 2019 | Marketplaces, Financials / Deals
Vostok New Ventures revealed a new investment in European e-scooter sharing service Voi Technology in its Q3 report on Wednesday. The company believes the investment may bring in as much as $500 million U.S. in revenue. Markets responded positively to the news,...
Ben Salisbury | November 13, 2019 | Automotive
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...
Tariq Ahmed Saeedi | November 13, 2019 | Marketplaces, Financials / Deals
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...
Rebeka Shaid | November 13, 2019 | Marketplaces
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...
Greg Spencer | November 12, 2019 | Recruitment
LinkedIn has been denied a request for a rehearing of its appeals case against data scraper HiQ Labs. This content is part of our business intelligence service. Please click the button below to learn more....
Rebeka Shaid | November 12, 2019 | Automotive
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...
Lars Herlin | November 12, 2019 | Marketplaces
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...
Tariq Ahmed Saeedi | November 12, 2019 | Marketplaces, Financials / Deals
Taiwanese marketplaces’ operator Addcn Technology Co. posted a 4.5% year-on-year drop in its Q3 revenue. However, the company’s real estate marketplace, 591.com.tw, saw quarterly revenue increase as housing transactions --- including rental, sales and new projects ---...
Andrzej Sowula | November 12, 2019 | Marketplaces, Financials / Deals
Polish media group Agora grew its digital revenue by 21.1% in Q3 of FY2019, the company reported. Revenue from the division amounted to 48.2 million Polish zlotys ($12.4 million U.S.) in Q3 of FY2019 — up from 39.8 million zlotys in the same period last year....
Prabhu | November 12, 2019 | Marketplaces, Financials / Deals
Naspers-owned OLX Group will invest additional funds into Frontier Car Group (FCG) through its international internet assets division, Prosus. This content is part of our business intelligence service. Please click the button below to learn more....
Angela Hawksford | November 12, 2019 | Recruitment
An AI-powered search tool has resulted in improved click-through rates and candidate applications at Australia-based Seek. This content is part of our business intelligence service. Please click the button below to learn more....
Louisa Steyl | November 12, 2019 | Financials / Deals
Prosus-owned OLX Group has announced its intentions to become Frontier Car Group’s biggest shareholder. The deal, which is still pending a tender offer process, will see OLX invest up to $400 million via a capital injection, the contribution of OLX’s...
Angela Hawksford | November 11, 2019 | Real Estate, Financials / Deals
Australia-based Domain will acquire Real Time Agent, a POS platform that digitizes sales contracts and agency agreements. The deal is worth up to $24 million U.S. This content is part of our business intelligence service. Please click the button below to learn more....
Peter M. Zollman | November 11, 2019 | Automotive, AIMR
CarGurus held its first ‘Navigate’ conference near its Cambridge, Mass., headquarters, drawing about 300 dealers from around the country This content is part of our business intelligence service. Please click the button below to learn more....
