Tariq Ahmed Saeedi | January 09, 2025 | Automotive
South Korea-based digital auto dealer AutoPlus obtained a patent for tech that prepares a 60-page used-car cost-effectiveness report based on price and quality...
Nik Flegont | January 08, 2025 | Automotive
Kazakhstan-based marketplace and fintech company Kaspi.kz has simplified its terms and conditions for issuing loans to buy used cars. Users of Kaspi’s Super...
Prabhu | January 08, 2025 | Automotive
India-based used-car marketplace Cars24 has launched Driving School to connect driving instructors with customers. Driving School by Cars24 lists nearby driving...
Nik Flegont | January 07, 2025 | Automotive, Digital Auto Retail
According to Russia-based marketplace horizontal Avito, its automotive vertical saw a significant rise in used car sales via its auction service in 2024. In...
Tariq Ahmed Saeedi | January 07, 2025 | Automotive
The South Korean government and c-to-c marketplaces are pondering how to ensure owner consent in used-car transactions, as a lack of regulations or database...
Nik Flegont | January 06, 2025 | Automotive
Xianyu, a secondhand goods marketplace owned by Alibaba, has once again ventured into used car brokerage and sales via its affiliate Zhejiang Alibaba Xianyu...
AIM Group | January 06, 2025 | Automotive
Japan-based used car trader Idom Inc., which operates both physical and digital services, has announced that it is investing JPY6.0 billion ($38.1 million U.S.) in...
Ian Dickson | January 06, 2025 | Automotive, Financials / Deals
Revenue at U.K.-based Cinch Holdco UK Limited, the holding company of used car marketplace Cinch, fell by 8.5% year on year to £933 million ($1.2 billion U.S.)...
Hasan Aga | January 04, 2025 | Automotive, Digital Auto Retail
Leading Dubai-based automotive marketplace YallaMotor has revealed to the AIM Group the signing of a strategic collaboration with digital car-financing company...
Nik Flegont | January 02, 2025 | Automotive, People on the Move
China-based used car retailer Uxin Limited has promoted Chengbin Li to CTO, effective Jan. 1. Li currently leads the company’s product and technology center,...
Tariq Ahmed Saeedi | January 01, 2025 | Automotive, Financials / Deals
South Korea-based car leasing company SK Rent-a-Car is to open its first used-car auction house in the city of Cheonan later this year, reports DealSite, citing...
Hasan Aga | January 01, 2025 | Automotive
Dubai-based auto-tech company Seez grew its revenue fourfold over the course of last year, achieving gross profit margins of 83% by expanding into 11 countries and...
Prabhu | December 30, 2024 | Automotive, People on the Move
India-based auto marketplace Cars24 has promoted Himanshu Ratnoo, formerly the company’s vice president (VP), to CEO of the used-car business. According to a...
Nik Flegont | December 30, 2024 | Automotive, Digital Auto Retail
Avito Auto Select, the digital car sales service of the largest Russia-based marketplace classified Avito, launched earlier in the year, has contributed to the...
Tariq Ahmed Saeedi | December 30, 2024 | Automotive
Pakistan-based auto marketplace PakWheels received more than 70 million unique buyers with more than 1.5 million vehicle ads posted in 2024. According to emailed...
Hasan Aga | December 27, 2024 | Automotive
According to Dubai-based auto marketplace Cars24, users searched for used cars 671,000 times on its website and mobile app during the year. It added that it had...
Tariq Ahmed Saeedi | December 26, 2024 | Automotive
Japan-based internet company ATeam Inc. acquired 100% of web advertising management agency WCA Inc. to expand its digital marketing services. Acquisition price was...
Prabhu | December 24, 2024 | Automotive
India’s Goods and Services Tax (GST) Council has hiked the tax on the sales margin of used small cars from 12% to 18% — the same rate as larger vehicles....
Tariq Ahmed Saeedi | December 20, 2024 | Automotive, Financials / Deals
Japan-based auto marketplace operator Proto Corp. released its financial results for the second quarter to September (Q2 FY2025) after delay of a month and a half...
Hasan Aga | December 20, 2024 | Automotive
Dubai-based autotech company Seez, which specializes in AI-driven back-end auto solutions, will launch its Seezar chatbot in the U.S. next week, with WhatsApp...
Hasan Aga | December 20, 2024 | Automotive
UAE-based AutoData Middle East has unveiled AutoPrice AI Engine, which it says provides users with accurate used vehicle pricing. According to the company, this...
Prabhu | December 19, 2024 | Automotive
Motorcycle manufacturer Royal Enfield has expanded its Reown certified used-motorcycle program to 475 dealerships in 236 cities across 24 Indian states, Times...
Tariq Ahmed Saeedi | December 18, 2024 | Automotive
Japan-based marketplaces operator Mercari has launched Omakase (automated) car trading to handle paperwork, inspection, pickup and delivery on behalf of buyers....
Ignacio Landivar | December 18, 2024 | Automotive
As it seeks to revamp how it markets its used car inventory, Mercedes-Benz is planning to launch a b-to-b auction site. An initial test is taking place in Austria,...
Damian Shore | December 17, 2024 | Automotive
Spain-based CaixaBank has launched FaciliteaCoches, a used car marketplace for dealers with finance provided by the bank. According to CaixaBank’s statement, it is...
Damian Shore | December 15, 2024 | Automotive
Spain-based DealerBest, a provider of management to dealerships, has unveiled a collaboration with Manheim Spain, a subsidiary of Cox Automotive Europe, “to...
Greg Spencer | December 13, 2024 | Automotive, People on the Move
Ian MacDonald, chief marketing officer (CMO) at AutoTrader.ca, Canada’s leading autos site, is parting ways with the company following its recent acquisition by...
Greg Spencer | December 12, 2024 | Automotive, Financials / Deals
Germany-based auto marketplace AutoScout24 has completed its acquisition of Canada-based Trader Corporation from private equity firm Thoma Bravo. Terms of the...
Hasan Aga | December 12, 2024 | Automotive
UAE-based b-to-b used auto parts marketplace BuyAnyAutoPart has raised $750,000 U.S. in a pre-seed funding round, Waya reports. Participants included 6G Capital...
Greg Spencer | December 11, 2024 | Automotive, Digital Auto Retail
Amazon this week went public with its online car sales program, letting consumers buy new Hyundais online from dealers in 48 U.S. cities. The launch expands a...
