Tag: Automotive


Carsales develops ‘world first’ image software

Carsales develops ‘world first’ image software

A three-day hackathon event at Carsales (ASX: CAR), Australia’s leading auto site, has yielded what the company claims is a ‘world first’ in image recognition software for auto sites. The image recognition software, called Cyclops, uses artificial intelligence (AI) to select and assign angles to images uploaded to the site by users, to help showcase various aspects of the vehicle to buyers. Carsales says the...

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LatAm Autos posts increased revenues in H1 2016

LatAm Autos posts increased revenues in H1 2016

LatAm Autos (ASX:LAA), an auto classifieds company operating in six Latin American countries, posted increased revenues in the first half of fiscal year 2016 (H1 FY16). As the company advances in its monetization strategy, which is expected to help it reach the profitability in certain markets by 2018, performance has been in line with its business plan and the investors’ expectancies for the growing player....

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IguanaFix offers DeMotores users car-related services

IguanaFix offers DeMotores users car-related services

DeMotores, an Argentinian auto classifieds portal, has partnered with IguanaFix, an on-demand services start-up, to offer users a series of car-related services, including audio installing, repairs, painting and others. Despite not servicing its users with the same advanced tools that other auto classifieds portals operating in developed markets such as the US or Australia offer, the move is expected to help DeMotores boost traffic and...

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Mobile searches drive sales: Google India report

Mobile searches drive sales: Google India report

From the classified industry perspective the recent Google India search report reveals that the online classifieds industry in India expanded to many categories, with players such as Quikr and OLX expanding dedicated verticals in jobs, auto and real estate space. A growing number of queries came from mobile devices. The report also revealed: Auto Some 40 percent growth was reported in queries related to vehicles...

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OLX Romania starts charging for auto ads

OLX Romania starts charging for auto ads

OLX.ro, the clear leader of the Romanian general classifieds market, ended 2015 with a big change when it stepped off the freemium model. Until now posting an ad on OLX.ro was free, and only premium options were monetized. But, since the start of December 2015 users have been paying for each auto ad they post. Besides autos, there are a few auto sub-categories in which...

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Mobilwow secures institutional investors

Mobilwow secures institutional investors

Indonesian new car site, Mobilwow, announced today it raised a ‘high-six-figure’ Series A funding round from two of Jakarta’s institutional investors, reported Tech in Asia. The identities of the investors were not disclosed. One of them, however, has invested in Indonesia’s consumer-to-consumer marketplace Tokopedia. The other is in hospital and property development. Both new investors have taken 5 percent equity stakes in Mobilwow. The top...

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Southeast Asian growth for CarDekho

Southeast Asian growth for CarDekho

Southeast Asia is seen as a burgeoning and successful growth story for classifieds, especially by GirnarSoft, the company that owns CarDekho, the leading automobile classifieds in India backed also by Ratan Tata. Just three months ago, CarDekho entered the online auto portal market in the Philippines and Vietnam by launching local versions of its CarBay website. This followed recent launches of CarBay in Malaysia, Thailand,...

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India’s major auto portal relaunches

India’s major auto portal relaunches

CarWale, India’s largest automotive portal, owned by Automotive Exchange Pvt. Ltd. and part of the Axel Springer Group, unveiled a new look for its website, mobile site and the mobile app. The outcome of months of months of consumer research and usability testing, the new design has a contemporary, minimalist feel to it. The new design follows the new flat web, scroll-down, tile format with...

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