Automotive


Auto Trader cancels MotoNovo contract in UK

Auto Trader cancels MotoNovo contract in UK

Auto Trader, the U.K.'s largest online auto site, announced that it will terminate its six-year-long relationship with MotoNovo Finance, and no longer supply the stock feed of the auto finance site.


Alibaba joins the used-auto fray with partnership

Alibaba joins the used-auto fray with partnership

The used-goods auction platform Xianyu, long considered a footnote to b-to-b behemoth Taobao, is beginning to spread its wings. With mid-2016 expansion into property, used autos and “valuables” (antiquities and jewelry) showing early success, Xianyu now announced the opening its first offline “experience outlet” for used cars in Hangzhou.


Auto.ru signs up 65,500 auto services centers

Auto.ru signs up 65,500 auto services centers

Auto.ru, one of Russia's leading auto verticals, launched a dedicated car repair category with an impressive number of participating auto service centers. To date, the auto vertical, owned by Russian internet giant Yandex, has signed up 65,000 auto repair centers across the country.


Carable written off after running out of money

Carable written off after running out of money

Last year, Vostok New Ventures waxed lyrical about an investment it had made in the used-car start-up Carable, called Garantibil in Sweden. The investment was made in Q2 last year. Not a big investment. Just SEK 10 million ($1.2 million U.S.). Less than one year later, it seems as if the money has been blown.



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