Carwow achieved its £2 million crowdfunding target less than 60 minutes after opening the 28-day offer allowing customers and car retail partners to claim a stake in the online start-up’s future.
Carwow is urging car retailers to “join their journey” by investing in the online car retail platform via a newly-launched crowdfunding scheme.
Daimler and Volkswagen-backed online used car retail marketplace Heycar has launched in the UK with a dealers stock of over 100,000 vehicles available for consumers to browse.
More than half of car buyers rely on online customer ratings when selecting a car retailer to buy their next car from, CarGurus has said.
BCA has launched its cinch consumer-facing online classified with the promise of helping car buyers find, buy and selling used cars.
The average price of a used car advertised via Auto Trader increased by 0.8% in May, despite ongoing reports of declining values.
Auto Trader is targeting new car buyers with a multi-million pound marketing campaign.
Auto Trader’s chief operating officer and chief financial officer Nathan Coe is set to become the online vehicle marketing giant’s chief executive following the retirement of Trevor Mather.
Auto Trader's monthly Retail Price Index report has revealed that March’s 2.3% growth in used car values represented the sector’s slowest growth since August 2017.
Nissan’s Leaf electric vehicle (EV) was the fastest-selling used car on Auto Trader during March, according to the online marketing platform’s latest market data.
Used cars are selling almost 20% faster on Scotland’s forecourts than the UK average of 31 days, according to data published by CarGurus – taking an average 25 days to turn.
Online searches for diesel vehicles on Auto Trader declined to just 42% in February following a “precipitous” decline in popularity for the fuel type over the past two years.
Cazana has closed its latest round of crowdfunding at £1.56 million, nearly 160% of its original investment target to embark on global expansion plans.
Motors.co.uk has partnered with what3words to provide car buyers with more precise addresses when visiting dealer showrooms.
eBay has completed the acquisition of Cox Automotive’s Motors.co.uk online used car classified business following approval from the Competition and Markets Authority (CMA) earlier this week.
Facebook is bringing more targeted car sales advertising to the UK market after launching its automotive inventory advertising software which has already proved successful with US dealers.
Used car buyers searched for more Ford Fiesta and Focus models than any other car on Motors.co.uk this year.
Motors.co.uk claims that a Google algorithm update has helped to propel its organic online traffic to a 30% surge in growth during August - claiming one of the best results by any UK-based website.
Carwow’s YouTube channel claims to be rivalling Top Gear after reaching a one million subscriber milestone with its mix of car races and reviews.
CarGurus claims to be "the fastest growing major automotive shopping site" after its Q2 revenues grew by 45% year-on-year and its unique monthly user base swelled by 54%.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
Find out what features are in this month's, and future, issues