Type of site | Automotive-related news and car reviews |
|---|---|
| Available in | English |
| Headquarters | Australia |
| Area served | Australia |
| Founders |
|
| Industry | Automotive |
| URL | carexpert |
| Current status | Active |
CarExpert is an Australian website that provides automotive-related news and car reviews.12
History
CarExpert was founded by Anthony Crawford, Alborz Fallah, and Paul Maric as a news publication.34 They previously founded a similar website named CarAdvice, which was acquired by Nine Entertainment for $30 million.5 It uses a reverse subscription model in which it charges the car manufacturer for the people that read its car reviews.67
In 2021, Channel Seven acquired a minority stake on the website for $4 million.36 In the same year, CarExpert received the website of the year award.1 CarExpert also opened its first retail store in 2021.8
In 2022, it received $10 million in investment and acquired Price My Car.3 The website is in process to be publicly listed.3
In October 2022, CarExpert announced an investment by gaming billionaire, Laurence Escalante, and also announced an expansion of its operations into Western Australia.9 Since its foundation, it was mostly active on the East Coast of Australia.9
In October 2023, CarExpert announced the results of another $3 million capital raise, valuing the company at $50 million with an annual turnover of $15 million. Investors in this round included gaming billionaire Laurence Escalante and Seven West Media.1011
Awards and recognition
- 2021 and 2022: Website of the year1213
- 2023: Paul Maric: Commonwealth Bank, Entrepreneur of the Year1415
References
References
- "CarExpert.com.au snaps up Website of the Year Award". Cyprus Mail.
- "CarExpert recuts equity raising, Rich Lister tips in". Australian Financial Review. 13 September 2022.
- "CarExpert raising $10m to buy Price My Car; IPO next". Australian Financial Review. April 22, 2022.
- "Coronavirus border closures 'creating ghost flights'".
- "CarAdvice to be sold to Nine for a reported $30 million". Australian Financial Review. 2 September 2016.
- "CarExpert gears up as Seven West Media takes strategic stake". The Australian.
- "Cameras, AI drive car sales". The Australian.
- Cummins, Carolyn (12 August 2022). "Car dealerships hit top gear as the new tenants in town". Sydney Morning Herald.
- "Escalante-backed car website revs up for WA expansion". The West Australian. 14 October 2022.
- "Online new-car classified site CarExpert's valuation hits $50m on capital raising". The Australian. 22 October 2023.
- "Ten Aussie startups that raised $39 million this week". Smart Company. 27 October 2023.
- "CarExpert wins Brand and Website of the Year at Publish Awards". Seven News. 9 September 2022.
- "CarExpert wins Brand and Website of the Year at Publish Awards". PerthNow. 9 September 2022.
- "Winners and Finalists". Commonwealth Bank Small Biz Awards. 9 September 2023.
- "CarExpert wins CommBank Entrepreneur of the Year business award". Seven News. 25 May 2023.