Damian Shore | September 16, 2022 | Marketplaces, Digital Auto Retail
Barcelona-based MundiMoto, an online marketplace for used motorcycle and scooters, is ramping up its investment in logistics. This article is locked. Please email...
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...
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...
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...
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....
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....
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...
Prabhu | September 07, 2022 | Digital Auto Retail, Financials / Deals
Bike Bazaar, an India-based marketplace specializing in used motorcycle sales and financing, has raised $21.3 million (INR 170 crores) in Series D funding round....
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 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...
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,...
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...
Ben Salisbury | September 02, 2022 | Automotive, Digital Auto Retail
Luxury car maker Lotus has launched a new online retail platform to sell parts, accessories and other products directly to customers. This article is locked....
AIM Group | August 31, 2022 | Automotive, Digital Auto Retail
Auto marketplace AutoTrack.nl is pilot-testing a new search function to help buyers choose suitable used-cars for them. AutoTrack says the search results are...
Patrick Kosmider | August 31, 2022 | Automotive, Marketplaces, Digital Auto Retail
Autobid.de, a German online auction maretplace for cars, has completely digitalised its vehicle collection process after the auction. Now, customers recieve the...
Prabhu | August 28, 2022 | Automotive, Digital Auto Retail, Financials / Deals
India-based automobile manufacturer TVS Motor has invested $10.6 million (INR 85 crores) in used motorcycle sales and subscription platform DriveX. This article is...
Damian Shore | August 25, 2022 | Automotive, Digital Auto Retail
U.K.-based digital auto retailer Cazoo has opened an office in Barcelona, local website Metropoliabierta reports. It has rented a floor in Aticco Bogatell, a...
Ben Salisbury | August 25, 2022 | Automotive, Digital Auto Retail
Auto Trader is working with carmakers to embed Vehicle Identification Number Specification (VIN Spec) data into its platforms. This article is locked. Please email...
Patrick Kosmider | August 25, 2022 | Automotive, Digital Auto Retail
The online used car dealer Autohero has opened a pop-up store in Berlin. This article is locked. Please email info@aimgroup.com for more information....
Ben Salisbury | August 24, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Listed dealer group Lookers has published its financial results for the first six months of 2022, which reveals a slightly improved performance year-on-year. This...
Ben Salisbury | August 23, 2022 | Automotive, Digital Auto Retail
CarWow has reported a 29% increase in new dealers signing up to its auto marketplace so far this year, which it attributes to improved stock supplies and upgrades...
Jacopo Natali | August 23, 2022 | Digital Auto Retail, Financials / Deals
Malaysia-based c-to-b-to-c automotive marketplace Carsome reported a doubling of revenue for the financial year 2021 with a total of $656 million, its net loss...
Ben Salisbury | August 20, 2022 | Automotive, Digital Auto Retail
CarGurus has introduced a new inventory strategy tool for its U.K. platform to help dealers capture more leads from consumers ready to buy a new vehicle. This...
AIM Group | August 18, 2022 | Automotive, Marketplaces, Digital Auto Retail
Netherlands-based digital used-car dealer CarSelexy has tied up with auto financial-services provider Bovemij to offer insurance. CarSelexy, founded in 2014, is a...
Damian Shore | August 16, 2022 | Automotive, Digital Auto Retail, Financials / Deals
Barcelona-based MundiMoto, which sells reconditioned motorbikes and scooters online, is seeking to raise €50 million ($50.7 million U.S.) in equity and €100...
