At a joint news conference, 58.com, China’s largest classifieds platform, and its former subsidiary, the used-vehicle site Guazi.com, reinforced their commitment to one another, when they announced a range of data-sharing initiatives that were touted as "giving 58-Guazi access to the most data, most effective regulatory ecosystem and largest user base in the used vehicle sector in China".
Brazilian autos marketplace InstaCarro.com announced it had generated more than $32 million U.S in revenue in its first year of operation. Can the rapid-growing site challenge existing auto verticals?
All auto dealers on EBay-owned Marktplaats.nl are now directed to a special site, where they can look at a wealth of information on the leads generated by their auto ads. The information is also usefully presented in visual form.
China’s leading used-car platform Guazi.com, backed by e-commerce giant 58.com, announced that it had invested 200 million RMB ($29 million U.S.) in a verification system for vehicles listed on the platform.
Sources are telling Reuters than an IPO for the direct-to-consumer automotive site is coming in the first half of 2017 at a valuation of over $2 billion U.S..
Just recently we reported Recruit's property vertical Suumo.jp had added VR technology to enable customer interaction. And, now its used-autos site CarSensor.net opened a virtual showroom for Japanese SUV fans.
Autoscout24.de (AS24), Germany’s second-largest auto site, recently rolled out a second price information tool - this time for buyers. The “Preisbewertung” feature shows buyers price evaluations for the makes and models of autos they are interested in buying on the site, to help them decide whether they will be getting value for money.
In Serbia, auto site MojAuto.rs announced the coming launch of an option for dealers to add 3-D presentations and virtual tours around the interiors of autos in their listings.
China's two leading used-auto information sites, 58.com and even Tencent's WeChat are in the spotlight after a corporate espionage scheme came to light in China.
If the leading auto sites in India are swimming in red ink, it’s not without a reason. In their attempt to deepen the category and force sales migration to online platforms, most auto sites in India are spending big bucks on advertising their services.