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Naspers denied its acquisition of WeBuyCars
South Africa's Competition Tribunal had the final say in the purchase.
Auto
Auto Portals Boost Client Support During Pandemic
Several major platforms are offering varying ways to support their customers.
Uber's Current European Hold
An infographic explaining which countries offer Uber services
OfferUp lands $120M in funding, plans to merge with its newly-acquired competitor Letgo
Pending approval, OLX Group will own 40% of the newly combined entity
CARS24 changes its logo in a move to support self-quarantine
The new logo will stay in place for 21 days
Carvana enters into auto loan agreement with Ally Financial
The auto loan facilitation announcement sent Carvana's stock rising for several days.
Autotrader introduces additional services for no-contact car sales
The retail platform joins several others as they push more digital solutions for purchasing vehicles.
Online classifieds company 58.com agrees to buy Uxin's online auction platform
Uxin's used car auction business was seen as a direct competitor by 58.com.
African Mobility Initiative to select startups for their accelerator program
Applications for this initiative close at the end of the month
COVID-19 is forcing auto dealers into the world of online sales
Auto e-commerce has been resistant to the digitalization until this newfound acceleration
