Tootle has expanded into online used car retail by establishing a platform which allows car dealers to retail as well as replenish their second-hand car stocks.
Car buyers are selling their vehicle, on average, within 20 months of purchase, according to Tootle.
Tootle has launched a new progressive comparison tool which allows car buyers to compare offers from dealers and car buying service companies.
News in brief from DMT, Tootle and VQS
Tootle has announced a seven-figure investment from Channel 4’s Commercial Growth Fund, enabling the online car selling platform to launch a TV advertising campaign.
Tootle has recorded a 16% month-on-month rise in the average value of used cars sold via it online trading portal as mileage and age continue to fall.
Automotive consumer website, HonestJohn.co.uk, has teamed up with Tootle.co.uk to introduce HonestJohn’s audience of 2.6 million in-market car buyers to Tootle’s platform.
Tootle credits a partnership with a BBC Apprentice winner with August sales success which saw the online platform retail £2m worth of vehicles.
Online car retail portal Tootle raised £2.5m of funding via an investment round led by Hambro Perks, bringing the total amount raised for the start-up to £4.3m.
RAC has announced a new deal that will give the 1,200 members of the RAC Dealer Network use of Tootle, at preferential rates.
Diesel drivers are being urged not to panic sell in the light of government plans to tackle dangerous emission levels through a ‘toxin tax’.
Tootle has struck up a partnership with Climb Online, the digital marketing agency founded by BBC Apprentice winner Mark Wright, .
Tootle has appointed Amy Buckley as its head of product and partnerships as it ramps up its expansion plans following a 52% month-on-month growth.
Tootle has appointed Roddy Graham and Geoffrey Page-Morris as non-executive directors as it ramps up its expansion plans following a 52% month-on-month growth.
Tootle has appointed Gordon Tulloch as its new chief executive following the decision by former CEO and co-founder Al Taylor to concentrate on early-stage start-ups.
Digital car appraisal specialist AUTOi is aiming to disrupt the cash-for-car market with the launch of a new trading platform bringing dealers and consumers together.
Tootle.co.uk is set to launch a £300,000 nationwide ad campaign as it attempts to match more private vehicle sellers with retailers.
The boss of online car selling platform claims that the inconsistency of prices paid by dealers for used cars can lead to customers "feeling like they are being ripped off".
Online car sales specialist Tootle has launched a new online marketplace that allows dealers to source used cars directly from private sellers.
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 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues