Suumo.jp, the No. 1 site for real estate information in Japan, will roll out an innovative smartphone tool for the short-term rental of listed parking spaces for autos. The app is called Suumo Drive. The app will dovetail with a monthly parking rental service already on the Suumo site. Suumo is a Recruit Holdings site.
Ladders has hired a slate of top journalists to beef up its editorial content and drive more traffic to the website.
The revenue of the division Consumer Media of Sanoma Group (where the classified businesses in Finland and the Netherlands are housed, including auction platform Huuto and marketplace Oikotie), stayed on the growth path in Finland in Q1 of FY2017 from Q1 of FY2016, but declined slightly in the Netherlands and Belgium. Sanoma released its financial results for Q1 earlier this week.
German media group Axel Springer acquired Paris-based Concept Multimedia, which operates France’s No. 3 property platform Logic-Immo, for €105 million ($115 million U.S.), according to a news release of Axel Springer. Axel Springer already owns SeLoger.com, France’s No. 2 property site, which it acquired in 2011 for €633 million ($850 million U.S.). The sale is subject to the approval of the French Competition Authority.
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.
Daikuan.com, one of China’s fastest growing new- and used-vehicle finance and insurance services platforms, announced the issuance of asset-backed securities (ABS) valued at 2 billion RMB ($290 million U.S.). This will be the sixth issuance of ABS by Daikuan to date.
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
Classified ad spending increased eight percent in the U.K. in 2016 to £1.5 billion (about $1.9 billion U.S.), according to a new analysis done by the Interactive Advertising Bureau (IAB) and PwC. The researchers concluded that classified ad spend, including spending on jobs, real estate and automotive listings, represented 14 percent of total digital advertising spend in the U.K. in 2016.
Interactive Advertising Bureau (IAB) Belarus, and leading classified sites in Belarus said total turnover in the classifieds industry of Belarus grew 17 percent to $9.3 million U.S. in 2016 from 2015.