CarExpert is an Australian website that provides
automotive-related news and car reviews.
History
CarExpert was founded by Anthony Crawford, Alborz Fallah, and Paul Maric as a news publication.
They previously founded a similar website named CarAdvice, which was acquired by
Nine Entertainment
Nine Entertainment Co. Holdings Limited is an Australian publicly listed company with holdings in mass media radio and television broadcasting, publishing and digital media. It uses Nine as its corporate branding.
The entity is largely a succ ...
for $30 million. It uses a reverse
subscription model
The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century. It i ...
in which it charges the car manufacturer for the people that read its car reviews.
In 2021,
Channel Seven acquired a minority stake on the website for $4 million.
In the same year, CarExpert received the website of the year award.
CarExpert also opened its first retail store in 2021.
In 2022, it received $10 million in investment and acquired Price My Car.
The website is in process to be publicly listed.
In October 2022, CarExpert announced an investment by gaming billionaire,
Laurence Escalante, and also announced an expansion of its operations into
Western Australia
Western Australia (WA) is the westernmost state of Australia. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Aust ...
.
Since its foundation, it was mostly active on the East Coast of Australia.
In October 2023, CarExpert announced the results of another $3 million capital raise, valuing the company at $50 million with a $15 million yearly revenue. Investors in this round included gaming billionaire Laurence Escalante and
Kerry Stokes
Kerry Matthew Stokes (born John Patrick Alford on 13 September 1940) is an Australian businessman. He holds business interests in industries including electronic and print media, property, mining and construction equipment. He is most widely k ...
'
Seven West Media
Seven West Media Limited is an Australian ASX-listed media company. It is Australia's largest diversified media business, with an extensive presence in broadcast television, radio, print and online publishing.
Seven West Media owns the Seve ...
.
Awards and recognition
* 2021 and 2022: Website of the year
* 2023: Paul Maric: Commonwealth Bank, Entrepreneur of the Year
References
External links
* {{Official website, https://www.carexpert.com.au/
Australian websites
Automotive websites