Carousell founders. Photo credit: Carousell.com Asia’s largest mobile classifieds marketplace Carousell has announced that it plans to expand and set up an office in Australia. The move is part of an attempt to capitalize on Australia's booming ecommerce industry that’s tipped to exceed $24B by 2018. Carousell is a mobile marketplace app that allows users to sell everything from fashion, furniture to everything automotive. One of the founders Sui Rui Quek told Australian Financial Review that Carousell plans to establish both a physical and digital presence in Australia. “For Australia, we have a dedicated product and marketing staff with a team of
Indian auto portals seeking partnership with dealers. Photo credit: Shutterstock India-based automotive portals like CarDekho, CarTrade and Truebil are currently wooing car dealers with plans to help them boost customer acquisition. "For the past one year, we have been conducting meetings to engage dealers to move towards digitilisation across the country," said Nalin Kapoor, COO, new cars, at CarDekho to The Economic Times. According to him, 15% of the portal's revenues from dealership solutions come from CRM tools, LMS, dealers website development, SEM/SEO (search engine marketing) and other customer-service systems. "We expect major revenue flow from it in the future,"
Study reveals gender driven buyer behavior. Photo credit: Shutterstock A 2016 study from automotive portal AutoScout24 shows that two-thirds of the German car buyers have a preference on how to buy a car according to their gender. It was found that women prefer to take their time so they feel confident about their purchase, while men want to buy a new car as efficiently as possible. Women attach greater importance to aid in price determination, such as an average price of comparable vehicles (53% of women versus 45% of men). If they have a pre-determined budget in mind, they're more reluctant
Votes for Germany's best car dealers are in. Photo credit: Shutterstock Automotive portal Autoscout24 has revealed Germany’s best car dealers for 2016 based 140,000 customer ratings. Their performance in availability, reliability, product description, shopping experience and overall impression were all critiqued. A total of 3,296 dealers fulfilled the criteria and received an award. That is more than three times as many excellent dealers as in the previous year. The number of valuations also almost tripled compared to the previous year and increased from about 54,000 to 147,000. One reason: the customers were even more satisfied with the service of the car dealerships. The
Autotrader shows you how to stay safe this season. Photo credit: Shutterstock The holiday season is just around the corner which means taking extra special care on the roads. According to a recent Autotrader poll, many holiday travelers are planning to drive to visit family and friends this holiday season and expect to be on the road for about 2 hours on average. Additionally, the poll showed that nearly a quarter -- 22 percent -- will travel almost 100 miles in their cars. Stay safe this Christmas by following Autotrader’s top driving tips for 2016. Prepare Your Vehicle Ahead of
Auto portal start-up secures funding. Photo credit: Shutterstock This week Mumbai-based automotive portal JustRide secured $3M in funding from global investors and trio of Y Combinator partners. Amoung the contributors were San Francisco-based Susa Ventures, London’s Kima Ventures, Axan Ventures and SCM Holdings, as well as Japan’s IT-Farm. The Y-combinator investors are partner Justin Kan of Justin.tv and Twitch fame, Qasar Younis (Y Combinator chief operating officer) and Paul Buccheit, who was the lead developer of Gmail. JustRide, a car rental start-up will use the funding to boost their JustConnect—its platform that allows people to rent out personal vehicles for
New automotive partnership in Australia. Photo credit: Shutterstock Dealer investors have raised $20m to pave the way for a new joint venture between automotive portal CarsGuide and Cox Automotive Australia. The partnership, that will see a large number of Australian owned Dealers invest in a joint venture with Cox Automotive, is one of the most significant events to take place in the Australian automotive retail industry. Existing dealer owners of CarsGuide negotiated to buy out News Corp, which holds a 50% share in One Way Traffic Ltd, the company under which the CarsGuide business is conducted. The $20m was raised
Photo credit: Shutterstock For weeks there has been speculation the automotive portal Carsales.com is planning a takeover bid for iCar Asia. However in a statement released on the ASX website this week, the Asian automotive portal strongly denies Carsales making any such takeover bid or selldown of its shares.
What is Ford's CEO investment strategy? Photo credit: Shutterstock CEO of Ford Mark Fields has revealed his investment strategies in a candid interview with Fortune.com at the LA Auto Show. While the automotive industry rushes to invest in self-driving cars, Fields won’t be sucked in by next big thing predictions. “One thing I’ve learned spending a lot of time in Silicon Valley is the term vaporware,” says Fields. “Everybody’s got their 30-second spiel that they’re selling you…you can throw away a lot of money really quickly”. Instead he plans to stick with Ford’s original investment and acquisition strategy. This involves
US auto portal gets new CMO. Photo credit: Yahoo Finance US-based automotive portal Cars.com this week announced the appointment of Brooke Skinner Ricketts as the company's chief marketing officer (CMO), effective immediately. Most recently Skinner Ricketts served as vice president of brand and design at Avant. Before that she was head of brand strategy at Twitter, where she delivered revenue-driving creative ideas for Fortune 200 clients. "Cars.com is here to help people win, and by welcoming Brooke, we're delivering on that promise," Alex Vetter, president and chief executive officer of Cars.com said in a statement. "As we prepare to become an independent,