AIM Group | September 15, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Transaction Capital, which owns 74.2% holding in WeBuyCars, raised $73.3 million U.S. in accelerated bookbuild to likely increase ownership… This article is...
Ben Salisbury | September 15, 2022 | Automotive, Digital Auto Retail
UK-based car subscription service MyCarDirect has become profitable after just two years of operations, some 18 months ahead of schedule. The company officially...
Andrzej Sowula | September 15, 2022 | Automotive
Auto vertical BidCar.pl has launched in Poland. The site wants to attract users by offering an auction-based model of selling and buying cars. Sellers on the new...
Ben Salisbury | September 14, 2022 | Automotive, People on the Move
Lookers Motor Group has appointed Robin Churchouse as chair of the board, staring on Tuesday 13, September, subject to regulatory approval. This article is locked....
Ben Salisbury | September 14, 2022 | Automotive, Digital Auto Retail, People on the Move
Automotive data integration specialist One Auto API has appointed former Cazoo and Carvana car data expert Rupert Pontin as its new commercial director. Pontin...
Tariq Ahmed Saeedi | September 14, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Updated with information received from VavaCars. Digital auto retailer VavaCars has secured $37M in Series C funding from a combination of new and existing...
Jacopo Natali | September 14, 2022 | Automotive, Financials / Deals
Japanese conglomerate Mitsubishi Corporation has invested $2 million in Thai automotive aftermarket startup AutoPair. This article is locked. Please email...
Jacopo Natali | September 12, 2022 | Automotive
Malaysia-based c-to-b-to-c automotive marketplace Carsome has opened its first two Carsome Certified Lab reconditioning facilities in Indonesia and Thailand, the...
Ben Salisbury | September 12, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Auto Trader has agreed to a long-term collaboration with Green. TV Media and will become a headline partner for World EV Day, hosted by Green. TV Media. This...
Jacopo Natali | September 12, 2022 | Automotive, People on the Move
Vincent Tan is stepping down from SGCarMart, one of the main auto verticals in Singapore, 18 years after co-founding the company. He leaves the car portal in the...
Ben Salisbury | September 12, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Auto24, a new subsidiary of Africar Group has launched its activities in Côte d’Ivoire following investment from PSA Peugeot and Citroen Group-owned Stellantis....
Jacopo Natali | September 12, 2022 | Automotive
Malaysia-based c-to-b-to-c automotive marketplace Carsome launched Carsome Certified Lab, a car reconditioning car facility, in East Jakarta. This article is...
Greg Spencer | September 09, 2022 | Automotive, People on the Move
Bob Lanham, well known in car sales as head of automotive retail at Meta (formerly Facebook), has jumped ship to take on a senior role at digital retail firm...
AIM Group | September 09, 2022 | Automotive, Financials / Deals
Dutch subsidiary of auto leasing company Arval has agreed to take over its counterpart, Terberg Business Lease Group B.V. (TBLG). This article is locked. Please...
Tariq Ahmed Saeedi | September 09, 2022 | Automotive
AutoHome, the No. 1 auto marketplace in China, has expanded into offline car retailing united with metaverse consumer buying experience. This article is locked....
Ben Salisbury | September 09, 2022 | Automotive, Digital Auto Retail, People on the Move
PSA Peugeot and Citroen Group-owned Stellantis’ has announced that it has appointed Chris Taylor to a newly created role of chief digital information officer....
Ben Salisbury | September 09, 2022 | Automotive, Digital Auto Retail
CarNext appears to have stopped trading in Norway and Germany. This article is locked. Please email info@aimgroup.com for more information....
Andrzej Sowula | September 09, 2022 | Automotive
In Slovakia, Ringier-owned auto vertical AutoBazar.eu has tied up with CarVertical, a site that lets users check vehicle history. As part of the cooperation,...
Ben Salisbury | September 08, 2022 | Automotive, Digital Auto Retail
British online car dealer Cazoo has announced details of the conclusion of its strategic review into its European businesses. This article is locked. Please email...
Ben Salisbury | September 07, 2022 | Automotive, Digital Auto Retail
Auto Trader has presented details at an investor presentation on how it is testing its ‘Deal Builder’ product to a small number of dealers. This article is locked....
Ben Salisbury | September 07, 2022 | Automotive, Digital Auto Retail
Auto Trader has outlined the progress and plans it has for integrating Autorama, the leasing company it acquired in June, into its business. This article is...
Tariq Ahmed Saeedi | September 07, 2022 | Automotive, People on the Move
Arabam.com, the No. 1 automotive marketplace in Turkey by traffic, has appointed a new chief strategy officer, Cenan C. This article is locked. Please email...
Tariq Ahmed Saeedi | September 06, 2022 | Automotive, Digital Auto Retail
Auto marketplace ContactCars has deployed OCR technology to automate data collection from image files and improve user acquisition and traffic engagement. This is...
Ben Salisbury | September 06, 2022 | Automotive, People on the Move
British wholesale vehicle supplier MflDirect has appointed Theo Cortland as MD of its new refurbishment center in Leicestershire, England. Kortland (LinkedIn...
Prabhu | September 06, 2022 | Automotive, Digital Auto Retail, Financials / Deals
The IPO of India-based used cars marketplace Droom has seemingly stalled as the company remains coy about the listing. This article is locked. Please email...
AIM Group | September 06, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Auto startup Carzami has closed a pre-seed funding round led by an Egypt-based leading nonbank financial institution to bolster its digital auto-retail model,...
Tariq Ahmed Saeedi | September 05, 2022 | Automotive, Marketplaces
Iran-based No. 1 auto marketplace Bama.ir has unveiled key performance indicators for the year to March 2022, giving an overview of the automotive market as well...
Jacopo Natali | September 05, 2022 | Automotive, Digital Auto Retail
Malaysia-based c-to-b-to-c automotive marketplace Carsome has opened its first Carsome Experience Center in East Java, and launched a new marketing campaign in...
David Loji | September 03, 2022 | Automotive
OLX Autos announced on their Ecuador and Peru websites that its operations in these two countries are ceasing and the process to exit these markets is expected to...
Jacopo Natali | September 05, 2022 | Automotive, Marketplaces, Financials / Deals
Singapore-based automotive marketplace Carro has more than doubled its revenue in FY 2022 reaching a total of US$464.2 million and tracking over US$930 million in...
