Posts filtered by tags: Used Cars[x]


 

Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020. Kavak is now one of the top five highest-valued startups in Latin America. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings K...
Tags: Startups, Transportation, Ecommerce, Apps, Mexico, Finance, Funding, Articles, Tech, Colombia, Automotive, Used Cars, Brazil, Argentina, Online Marketplace, Logistics


Cazoo Selling Itself to Blank Check Firm for Insane IPO

Years from now, there’s a distinct chance that humanity will look at blank check firms, better known as special-purpose acquisition companies (SPACs), with disdain. Today is not that day, however. Cazoo Ltd, which has often been called the British Carvana, is reportedly selling itself to Ajax Holdings for a breezy $7 billion USD. While the used-vehicle […] The post Cazoo Selling Itself to Blank Check Firm for Insane IPO appeared first on The Truth About Cars.
Tags: Used Cars, Autos, Online Sales, Industry News, News Blog, Carvana, Dealer News, Car Dealership, SPACs, Special Purpose Acquisition Company, Cazoo, Blank-check Firm, Automotive Dealer, Cazoo Co, Cazoo Ltd, Ajax Holdings


Prosus classifieds group OLX shuts down Berlin’s Frontier Car Group to focus OLX Autos on LatAm and Asia

Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but it’s the end of the line for another big European name in used-car sales. TechCrunch has learned and confirmed that Berlin-based Frontier Car Group, which builds used-car marketplaces with a focus on emerging markets, is shutting down its operations in the city. Its majority owner OLX Group, a division of Prosus (the tech holdings of Naspers that is now listed as a separate entity),...
Tags: Ecommerce, Asia, Europe, Germany, Berlin, India, Nigeria, US, Tech, Pakistan, Mexico City, Used Cars, Emerging Markets, Peru, Marketplaces, Latin America


Prosus classifieds group OLX shuts down Frontier Car Group’s Berlin office, OLX Autos to focus on LatAm and Asia

Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but another big used-car play is consolidating operations. TechCrunch has learned and confirmed that Berlin-based Frontier Car Group, which builds used-car marketplaces with a focus on emerging markets, is shutting down its operations in the city. The move will see 100 jobs transferred from Berlin to India, the company said. Its majority owner OLX Group, a division of Prosus (the tech h...
Tags: Ecommerce, Asia, Europe, Germany, Berlin, India, Nigeria, US, Tech, Pakistan, Mexico City, Used Cars, Emerging Markets, Peru, Marketplaces, Latin America


Rare Rides: The 2003 Ford Thunderbird That’s Pink and 007 Approved

Today’s Rare Ride was a part of a very limited run of Thunderbirds that coincided with the release of the last Pierce Brosnan era Bond film, Die Another Day. It’s a car so special it’s probably almost priceless, and should be stored in a heated garage next to a Plymouth Prowler and/or Chevy SSR. This isn’t […] The post Rare Rides: The 2003 Ford Thunderbird That’s Pink and 007 Approved appeared first on The Truth About Cars.
Tags: Ford, Editorials, Used Cars, James Bond, Autos, Jaguar, Bond, 007, Special Editions, Thunderbird, Convertibles, Pierce Brosnan, News Blog, Coupes, 2000s, Collector Cars


Got a new vehicle? Here's what to do when you take delivery

You've just taken delivery of your vehicle, and whether it's brand-new or new-to-you, there are some things you should do to make sure all is well. Find out what they are in my story at AutoTRADER.ca. [Author: Jil McIntosh]
Tags: Used Cars, Autos, New Cars, Jil McIntosh, AutoTrader


Rare Rides: The Lincoln Continental From 2002, Nicest-ever Taurus

Today we take a look at the early 2000s Lincoln Continental. A generation of Continental that didn’t know what it wanted to be, we can take comfort in the knowledge it was at least a nice Taurus. The Continental name had a long and storied history at Lincoln. It debuted as a luxurious coupe and […] The post Rare Rides: The Lincoln Continental From 2002, Nicest-ever Taurus appeared first on The Truth About Cars.
Tags: Usa, Luxury cars, Ford, Editorials, Used Cars, Autos, Lincoln, Continental, 1990s, Lincoln Continental, Ford Taurus, Sedans, News Blog, Rare Rides, Full-size Sedans, Large Sedans


Mini Sales Shrinking, BMW Slumps As Well

BMW of North America today reported falling BMW and Mini U.S. fourth quarter and full-year 2020 sales. BMW sales in the most recent quarter totaled 98,750 vehicles, a 2.0-percent decrease from the 100,797 vehicles sold in the fourth quarter of 2019. Mini sold 8,549 cars, a decrease of 3.6 percent from the 8,864 sold in […] The post Mini Sales Shrinking, BMW Slumps As Well appeared first on The Truth About Cars.
Tags: Germany, Global, Sales, Used Cars, Autos, Bmw, North America, Sales And Marketing, Mini, BMW North America, By The Numbers, New Car Sales, Used Car Sales


NHTSA Requires Odometer Statements Up to 20 Years

NHTSA, the U.S. Department of Transportation’s National Highway Traffic Safety Administration, issued a reminder that starting January 1, 2021, every vehicle ownership transfer will require an odometer statement for the first 20 years. Odometer disclosures will be required for every transfer of ownership for the first 20 years, beginning with Model Year 2011 vehicles.  Model […] The post NHTSA Requires Odometer Statements Up to 20 Years appeared first on The Truth About Cars.
Tags: Government, Used Cars, Autos, Law And Order, Department Of Transportation, Nhtsa, Crime And Punishment, News Blog, Crime & Punishment, Odometer, Dealer News, Used Vehicle Sales


How to Tell if a Used Car's Odometer Has Been Tampered With

Nearly a year into the pandemic, many of those who relied on public transportation to get around in the Before Times have at least considered taking the plunge and getting a car. But it’s not exactly like we’re financially flourishing right now, which makes used cars especially popular this year.Read more...
Tags: Cars, Used Cars, Lifehacks, Car Maintenance


Rare Rides: A 1996 Infiniti J30, Luxury Sedan With a Heart of 300ZX (Part II)

In Part I of this two-parter we were introduced to the J30, Infiniti’s luxurious new sports sedan for the Nineties. Having learned from their Q45 mistakes, the brand was determined their new mid-sizer would be appealable to the American Market. So what went wrong? Let’s find out. Like its predecessor the M30, the J30 was […] The post Rare Rides: A 1996 Infiniti J30, Luxury Sedan With a Heart of 300ZX (Part II) appeared first on The Truth About Cars.
Tags: Classic Cars, Luxury cars, Editorials, Used Cars, Autos, Infiniti, Nissan, 1990s, Sedans, News Blog, JDM, Nissan 300ZX, Collector Cars, Luxury Sedans, 300zx, Rare Rides


Rare Rides: A 1996 Infiniti J30, Luxury Sedan With a Heart of 300ZX (Part I)

The other day while we were reviewing the daringly spectacular first generation Q45, commenter SSJeep requested coverage of Infiniti’s other rear-drive sedan from the period, the J30. I thought Rare Rides already covered Infiniti’s mid-size offering, but it turned out I was remembering an installment of Buy/Drive/Burn. That means it’s time for J30. At launch, […] The post Rare Rides: A 1996 Infiniti J30, Luxury Sedan With a Heart of 300ZX (Part I) appeared first on The Truth About Cars.
Tags: Classic Cars, Luxury cars, Editorials, Used Cars, Autos, Infiniti, Nissan, 1990s, Sedans, News Blog, JDM, Nissan 300ZX, Collector Cars, Luxury Sedans, 300zx, Rare Rides


CarStory a Good Buy for Vroom?

Vroom, an emerging e-commerce player in buying and selling used cars,  has announced the acquisition of CarStory, itself another used car platform. CarStory’s AI-powered analytics and digital services are what attracted Vroom, through the purchase of Vast Holdings, Inc., CarStory’s parent company. With more than 7 million listings a day and 18 million consumer views per […] The post CarStory a Good Buy for Vroom? appeared first on The Truth About Cars.
Tags: Marketing, Sales, Industry, Used Cars, Autos, Sales And Marketing, Branding, Vroom, News Blog, Dealer News, Resale, Automotive Marketing, CarStory, Vast Holdings Inc


Used car marketplace Carsome gets $30 million Series D for its Southeast Asia growth plans

Carsome, which bills itself as Southeast Asia’s largest e-commerce platform for used cars, announced it has closed a $30 million Series D. The funding was led by Asia Partners, with participation from returning investors Burda Principal Investments and Ondine Capital. The startup claims that this is one of the largest “all-equity financings to-date in Southeast Asia’s online automotive industry.” Part of the Series D may be used for mergers and acquisitions to consolidate the company’s supply ch...
Tags: Startups, TC, Ecommerce, Asia, Indonesia, Southeast Asia, Singapore, Tech, Thailand, Malaysia, Vehicles, Used Cars, Indonesia Thailand, Carsome, Eric Cheng, Burda Principal Investments


The best and worst months to buy a used car, according to data

Car dealership. Bill Pugliano/Getty Images January is the best month to buy a used car, according to a study from car search engine and automotive research firm iSeeCars. For those hunting for a good deal, late fall and early winter are the best times to buy a used car, while late spring and early summer are the worst times. Visit Business Insider's homepage for more stories. January is the best month to buy a used car, according to a study from car search engine and automotive research fi...
Tags: Deals, Transportation, Trends, Tesla, Used Cars, Karl Brauer, Brauer, Iseecars, Bill Pugliano Getty, Brittany Chang


General Motors Recalls Majority of Chevrolet Bolts to Prevent Additional Fires

As we reported about a month ago, the NHTSA was sniffing around the Chevrolet Bolt due to a small number of fires which occurred in the EVs while they were parked. Now after launching its own internal investigation, GM is issuing a recall of the vast majority of Bolts produced. The investigation was launched after […] The post General Motors Recalls Majority of Chevrolet Bolts to Prevent Additional Fires appeared first on The Truth About Cars.
Tags: South Korea, Sales, General Motors, Industry, Recalls, Fires, Gm, Used Cars, Autos, Chevy, Lg, Chevrolet, Nhtsa, Chevy Bolt, Chevrolet Bolt, LG Chem


Carvana Seeks Growth of its Inventory, as Pandemic Causes Used Car Contraction

As other used car retail outfits like Shift go public in an attempt to grow their number of stores and break into the (lucrative?) used-only dealership market, established player Carvana has a different issue on its hands: There just aren’t enough used cars to buy these days. The 2020 pandemic has restricted the supply of […] The post Carvana Seeks Growth of its Inventory, as Pandemic Causes Used Car Contraction appeared first on The Truth About Cars.
Tags: Sales, Industry, Used Cars, Autos, New Cars, Car Sales, Inventory, Car Dealers, News Blog, Pandemic, Carvana, Supply And Demand, COVID-19


Rare Rides: The 1990 Audi V8 Quattro, First Time Full-size Failure

In our last Rare Rides, we discussed how the W126 S-Class established the model as a default for the large German sedan shopper. I also referenced the failed attempt at S-Class competition which was the Audi V8 Quattro. So today let’s expound upon that failure a bit. Prior to the V8 Quattro, Audi had built […] The post Rare Rides: The 1990 Audi V8 Quattro, First Time Full-size Failure appeared first on The Truth About Cars.
Tags: Germany, Eu, Classic Cars, Luxury cars, Editorials, Used Cars, Autos, Audi, 1990s, 1980s, Imports, Sedans, News Blog, Collector Cars, Luxury Sedans, Rare Rides


Rich Countries Are Sending Millions of Dirty Old Cars to Poorer Nations

Transitioning to cleaner cars—including policies to ramp up electrification—will be key to addressing climate change. But a new United Nations report sheds light on the need for more regulation on the cars we send overseas, too.Read more...
Tags: Science, Cars, United Nations, Used Cars, Exports, Climate Justice


Should An Older Couple Buy Or Lease When They Foresee Giving Up Driving?

As Jalopnik’s resident car-buying expert and a professional car shopper, I get emails. Lots of emails. I’ve picked a few of your questions and will try to help out. This week we are discussing whether or not an older couple should buy or lease what will likely be their last car and the best way to off-load a fairly…Read more...
Tags: Finances, Used Cars, Car Buying, Lifehacks, Jalopnik, Leasing, Quick Car Buying Questions, Covid19, Last Car


How to Sell Your Leased Car for Profit

With used vehicles sales soaring 15% in the last quarter, your leased vehicle could be worth more on the open market than the cost of buying it out. With some finesse, you could pocket the difference and make some money. Here’s what you need to know.Read more...
Tags: Selling, Used Cars, Lifehacks, Automobiles, Dealerships, Lease, Car Lease


When Will Used Car Inventory Return To Normal?

As Jalopnik’s resident car-buying expert and a professional car shopper, I get emails. Lots of emails. I’ve picked a few of your questions and will try to help out. This week we are discussing when used-car inventory will return to normal and the best strategy for trading a Subaru on a Toyota 4Runner. Read more...
Tags: Used Cars, Car Buying, Toyota, Lifehacks, Jalopnik, Subaru, SUVs, Dealerships, 4Runner, Quick Car Buying Questions


How to Sell Your Car Safely

It’s a good time to sell your car. As the pandemic stretches on, a combination of a weaker economy, a lack of new cars from auto plants, and diminished use of public transportation has led to a boom in used car sales. But what do you need to do to ensure the sale is conducted safely?Read more...
Tags: Used Cars, Lifehacks, Automobiles, Shopping Online, Covid 19


Should You Sell Your Car If You No Longer Commute?

Have you thought of ditching your old car? It could be the easiest way to shore up your finances by allowing you to reduce thousands of dollars in annual expenses. Of course, most people own cars because they need them, but is that still true for you? The pandemic has killed the commute for many of us, and you might…Read more...
Tags: Cars, Used Cars, Lifehacks, Public Transportation


Cazoo, the UK used car sales portal, raises another $311M, now valued at over $2B

A lot of people are opting to use cars instead of taking public transportation in the UK at the moment, as a way of ensuring more social distancing, and today one of the startups that’s built a more efficient way of selling and buying cars is announcing a big round of funding. Cazoo, which provides an app-based way to browse and buy used cars (it’s modeled on the likes of Vroom in the US), has picked up £240 million ($311 million). The funding comes only six months after the company raised $116 ...
Tags: Amazon, Startups, TC, Europe, UK, London, US, Tech, Netflix, Automotive, Used Cars, Alex, Blackrock, Amazon Prime Video, Lovefilm, Vroom


Cazoo, the UK used car sales portal, raises another $311M, now valued at over $2.5B

A lot of people are opting to use cars instead of taking public transportation in the UK at the moment, as a way of ensuring more social distancing, and today one of the startups that’s built a more efficient way of selling and buying cars is announcing a big round of funding. Cazoo, which provides an app-based way to browse and buy used cars (it’s modeled on the likes of Vroom in the US), has picked up £240 million ($311 million). The funding comes only six months after the company raised $116 ...
Tags: Travel, Amazon, Startups, TC, Europe, UK, London, US, Netflix, Automotive, Used Cars, Alex, Blackrock, Amazon Prime Video, Lovefilm, Vroom


Cazoo, the UK used car sales platform, raises another $311M, now valued at over $2.5B

A lot of people are opting to use cars instead of taking public transportation in the UK at the moment, as a way of ensuring more social distancing, and today one of the startups that’s built a more efficient way of selling and buying cars is announcing a big round of funding. Cazoo, which provides an app-based way to browse and buy used cars (it’s modeled on the likes of Vroom in the US), has picked up £240 million ($311 million). The funding comes only six months after the company raised $116 ...
Tags: Amazon, Startups, TC, Europe, UK, London, US, Tech, Netflix, Automotive, Used Cars, Alex, Blackrock, Amazon Prime Video, Lovefilm, Vroom


The father-son billionaires behind online used-car seller Carvana saw their fortunes soar $5 billion in a day as the company projects record profits

Ernest Garcia III is the CEO of Carvana. Brendan McDermid/Reuters Ernie Garcia II and Ernest Garcia III, the father-son team behind online used-vehicle sales platform Carvana, saw $5 billion added to their net worths on Tuesday as the company posted record profits. The coronavirus pandemic put used cars in high demand as Americans seek to avoid public transit, Piper Sandler analyst Alexander Potter wrote Tuesday, per Bloomberg. The trend helped Carvana shares rise nearly 140% from the star...
Tags: Transportation, Life, Cars, US, Trends, Bloomberg, Billionaires, Used Cars, Billionaire, Garcia, Garcias, Arts & Culture, Carvana, Alexander Potter, Ernie Garcia, Piper Sandler


Carvana soars 34% after record 3rd-quarter projections and Goldman Sachs upgrade

Business Wire Shares of Carvana rose up to 34% on Tuesday after the company projected record performance in the third quarter in several categories including retail units sold and total revenue. Goldman Sachs upgraded its Carvana rating to "buy" and upped its price target to $205 per share from $178. Carvana is up roughly 140% year-to-date, and had gained more than 88% year-to-date before Tuesday's jump. Watch Carvana trade live here.Shares of Carvana soared up to 34% on Tuesday after the ...
Tags: Ecommerce, US, Trends, Markets, Revenue, Used Cars, Stocks, Goldman Sachs, Stock Market, Morgan Stanley, Equities, EBITDA, Third Quarter, Q3, Carvana, Emily Graffeo


Carvana soars 32% after record 3rd-quarter projections and Goldman Sachs upgrade

Business Wire Shares of Carvana rose up to 32% on Tuesday after the company projected record performance in the third quarter in several categories including retail units sold and total revenue. Goldman Sachs upgraded its Carvana rating to "buy" and upped its price target to $205 per share from $178. Carvana is up roughly 140% year-to-date, and had gained more than 88% year-to-date before Tuesday's jump. Watch Carvana trade live here.Shares of Carvana soared up to 32% on Tuesday after the ...
Tags: Ecommerce, US, Trends, Markets, Revenue, Used Cars, Stocks, Goldman Sachs, Stock Market, Morgan Stanley, Equities, EBITDA, Third Quarter, Q3, Carvana, Emily Graffeo