car sales

While much of the automotive industry has suffered a downturn due to a lack of supply to meet pent-up demand, Ford has bucked the trend. At least, in terms of sales goals so far this year. Industry wi

It was only in June that Motorway — a U.K. platform on which professional car dealers can bid in an auction for privately owned cars for sale — raised $67.7 million in a Series B round. It’s now

African automotive company Autochek has secured a $13.1 million seed round almost a year after raising $3.4 million pre-seed in November 2020. The company, led by CEO Etop Ikpe, has seen astonishing g

The “subscribe to your car” movement has been taking off in recent years, with the appearance of Fleks in the U.K., Cazoo (after its acquisition of Drover) and Care by Volvo Hertz, to name just a

Motorway is a U.K. startup that allows professional car dealers to bid in an auction for privately owned cars for sale. The startup has had rapid success by removing a lot of friction in the process.

Cazoo, the U.K. used-car sales portal that has been on a major fundraising tear in the last year, will be the next company to pursue more growth by way of a SPAC: The company today announced that it w

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 fr

The Seattle-based startup Recurrent said today it has closed on $3.5 million in financing as it looks to become the Carfax for electric vehicle batteries. The battery system is arguably the most impor

Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 bil

The rapid spread of the coronavirus pandemic has put a freeze on many in-person sales and transactions for goods and services, so in what might be a sign of the times for funding in the startup world,

Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital. The Nigeria-based venture, co-founded by Ukrainian entrepren

Ford unveiled a range of hybrid vehicles Tuesday at the Frankfurt Motor Show as part of its plan to reach sales of 1 million electrified vehicles in Europe by the end of 2022. Ford introduced hybrid

Car shoppers now have several new options to avoid long-term debt and commitments. Automakers and startups alike are increasingly offering services that give buyers new opportunities and greater flexi

At its NEXTGen event in Munich, BMW today announced that it is running ahead of schedule in its efforts to offer at least 25 electrified vehicles. Previously, the German luxury car manufacturer was sh

Motorway, the U.K. used car marketplace, has raised £11 million in Series A funding. Leading the round is Marchmont Ventures, the fund managed by Hugo Burge and Alan Martin (the former CEO and CFO of

Buying a car is painful. Dealerships are the worst, and the options are endless. The rise of the Internet produced powerful tools for shoppers, but in the end, most buyers still have to trudge down to

SoftBank’s Vision Fund is taking a bet on China’s auto market after it agreed to pour $1.5 billion into online car trading group Chehaoduo, which literally means “many cars” in

China’s massive auto market hit the brakes last year as trade tensions and a softening economy dampened consumer confidence, but one segment soared on account of increasing internet penetration

Tesla CEO Elon Musk has confirmed that the company’s first overseas factory in Shanghai will focus on producing Model 3 vehicles for the Chinese market only. Musk is currently in China to break

China’s largest ride-hailing operator Didi Chuxing announced on Wednesday a major restructuring, which trails a series of tweaks to its core businesses following two separate passenger murders t