November 14 – November 20, 2019 We are pleased to share our weekly update on relevant deals happening in the automobility sector. This issue spans November 14 – November 20, 2019. There are several interesting investments featured this week including ACV (an online used car marketplace) raising...
Bloomberg News, February 27, 2019 While auto sales will continue to grow, they wonʼt return to the breakneck pace of the recent past. Persuading people to buy a new car in the worldʼs biggest auto market used to be easy for Mark Zhang, a salesman in the...
Auto Finance News, April 18, 2018 Chinese e-commerce company SouChe acquired dealer-to-dealer auction platform Cheyipai last week, signaling intensified competition and a maturing market, analysts told Auto Finance News. “As new-car sales peak, aftermarket (including used car) will become an important battlefield for automotive related players,” said...
The Financial Times, May 31, 2016 As China revs up its shift to a consumption-led growth model, policymakers are trying to get more mileage out of a sputtering part of the economy: the used car market. In most developed economies, sales of second-hand cars outnumber those of...
The Financial Times, March 1, 2016 You have probably read, in the Financial Times and elsewhere, that China is the world’s largest car market. It is not. It is the world’s largest new car market, with sales of 21.1m units last year compared with 17.4m in the US....