China’s leading classifieds horizontal 58.com (NYSE: WUBA), has announced that it will be launching a new used auto auction site in conjunction with auto manufacturing joint venture Dongfeng-Nissan. Yichengpai, which has yet to go live, is an offshoot from the two company’s existing used auto transaction site, Yicheng.58.com. 58.com has quietly been cornering the market on these kind of brand-specific used auto platforms in China, launching analogous sites...
Autorola Group, the online remarketing and automotive IT solutions company, announced the launch of its big-data tool for the used-car market in the U.K..
Autohome, one of China's leading names in automotive commerce via the used-and-new autos platform Autohome.com.cn and the leading used-autos platform Che168.com, continues to move in a new, and original direction under its new ownership.
LatAm Autos, the Latin American auto classified platform operating in Argentina, Bolivia, Ecuador, Mexico, Panama and Peru, unveiled several updates to its business strategy at the Global Online Classifieds Summit in Miami this week. The revisions aim to focus the company on its best-performing markets.
As we reported recently, a rumor was circulating through the Chinese internet that c-to-c used-car platform RenRenChe had been in talks concerning the company's possible acquisition by emerging auto transaction and financing platform Yixin Group (otherwise known as Daikuan.com).
While continuing to operate procurement, sales, logistics, delivery and asset management in-house, financing will, in essence, no longer be part of Tangeche’s business model.
In Finland, Alma Media’s auto site Autotalli.com brought together the services of various service providers to give users access to cars without having to own them - and the costs connected to ownership.
Motomi.pl, the auto site that was launched in Poland last year, unveiled a new service enabling users to have the technical condition of interesting cars listed on the site checked by individuals in its community of testers.
Yixin Group, Bitauto’s vehicle financing arm, launched a new transaction/finance site for autos in partnership with JD Finance, and with the financial backing of the "big four" (Baidu, Tencent, Bitauto, JD.com), which together coughed up $1 billion U.S. for the project.
The Competition Authority in Sweden dropped its case against Schibsted-owned Blocket and Bytbil today. The case has been ongoing since September 2015. This is no surprise - we anticipated it in an article posted on June 5