Guazi.com, China’s largest used-car platform and strategic partner of classifieds giant 58.com (NYSE: WUBA), began offering vehicle finance in-house in December 2016. Four months later, the company lifted the lid on the performance of its financing operation in the period. The report revealed Guazi has made impressive inroads into China's atrophied vehicle loan market.
Tencent-backed site RenRenChe, a leading used-vehicles platform in China, announced an agreement with Ping An Bank, which will allow the company to begin offering customers vehicle finance (credit) in-house on b-to-c transactions.
Dubizzle Motors UAE, the auto category of general classifieds site Dubizzle.com in the UAE, joined forces with Souqalmal.com, the leading insurance and financial services comparison site in the UAE, to provide users a fast, easy and reliable way to search for, compare and buy car insurance without having to leave the Dubizzle site.
The days of schlepping to and from auto dealerships in search of your next car are numbered, as Cox Automotive Australia, parent company of auto site CarsGuide, gears up to implement a predominantly online-only car-buying experience.
A Denver-based automotive start-up developed a technology that makes it possible to get all the details needed (for a listing) to sell a used car from a single photo.
Automotive classified firm TrueCar has announced a proposed public offering of common stock and a new trade-in platform with Galves Market Data
AutoTrader.co.za has eliminated its print publication and will be digital-only, ending a 25-year tradition of print publication.
South Africa's competitive auto vertical just got more competitive. PriceCheck, the leading price comparison site for (mostly) new goods in South Africa, relaunched its auto category in a way which makes it a real competitor for the established contenders in the auto vertical, such as Autotrader.co.za and Gumtree Autos.
The Russian auto market remains in flux, as companies try to find new business models in a competitive and crisis-hit environment. However, this has not stopped funding going to new entrants, such as start-up Woom.
Last August, two auto verticals in Belarus agreed to merge, to create one, large player that can lead the market. The two sites Av.by and A.tut.by turned into one as Av.by. Only after the merger, the investors behind and drivers of the deal to create a single, Belorussian major were revealed.