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==History==
==History==
CarExpert was founded by Anthony Crawford, Alborz Fallah, and Paul Maric as a news publication in 2020.<ref name="afr">{{Cite web|url=https://www.afr.com/street-talk/carexpert-raising-10m-to-buy-price-my-car-ipo-in-2024-20220422-p5afhj|title=CarExpert raising $10m to buy Price My Car; IPO next|date=April 22, 2022|website=Australian Financial Review|last=Macdonald|first=Anthony|last2=Thompson|first2=Sarah|last3=Sood|first3=Kanika}}</ref><ref>{{Cite web|url=https://www.couriermail.com.au/business/coronavirus-border-closures-creating-ghost-flights/news-story/a9119329f5a28c1d72470f9b02f3fb14|title=Coronavirus border closures 'creating ghost flights'}}</ref> They previously founded a similar website named CarAdvice, which was acquired by [[Nine Entertainment]] for $30 million.<ref>{{Cite web|url=https://www.afr.com/companies/media-and-marketing/caradvice-to-be-sold-to-nine-for-a-reported-30-million-20160902-gr7ulx|title=CarAdvice to be sold to Nine for a reported $30 million|date=2 September 2016|website=Australian Financial Review}}</ref> It uses a reverse [[subscription model]] in which it charges the car manufacturer for the people that read its car reviews.<ref name="au1">{{Cite web|url=https://www.theaustralian.com.au/business/companies/carexpert-gears-up-as-seven-west-media-takes-strategic-stake/news-story/38380b2d0e9a3a8959b02809ceddaf05|title=CarExpert gears up as Seven West Media takes strategic stake|website=[[The Australian]]}}</ref><ref>{{Cite web|url=https://www.theaustralian.com.au/business/technology/cameras-ai-drive-car-sales/news-story/7e6008fee22779d601b8a5b7a7021ce2|title=Cameras, AI drive car sales|website=The Australian}}</ref>
CarExpert was founded by Anthony Crawford, Alborz Fallah, and Paul Maric as a news publication in 2020.<ref name="afr">{{Cite web|url=https://www.afr.com/street-talk/carexpert-raising-10m-to-buy-price-my-car-ipo-in-2024-20220422-p5afhj|title=CarExpert raising $10m to buy Price My Car; IPO next|date=April 22, 2022|website=Australian Financial Review|last=Macdonald|first=Anthony|last2=Thompson|first2=Sarah|last3=Sood|first3=Kanika}}</ref><ref>{{Cite web|url=https://www.couriermail.com.au/business/coronavirus-border-closures-creating-ghost-flights/news-story/a9119329f5a28c1d72470f9b02f3fb14|title=Coronavirus border closures 'creating ghost flights'}}</ref> They previously founded a similar website named CarAdvice, which was acquired by [[Nine Entertainment]] for $30 million.<ref>{{Cite web|url=https://www.afr.com/companies/media-and-marketing/caradvice-to-be-sold-to-nine-for-a-reported-30-million-20160902-gr7ulx|title=CarAdvice to be sold to Nine for a reported $30 million|date=2 September 2016|website=Australian Financial Review}}</ref> It uses a reverse [[subscription model]] in which it charges the car manufacturer for the people that read its car reviews.


In 2021, [[Seven West Media]], which owns Australian news service [[Seven News]], acquired a minority stake on the website for $4 million and made the website its automotive partner.<ref name="afr"/><ref name="au1"/><ref>{{Cite web |last=Mellor |first=John |date=2024-02-06 |title=On the road to an IPO |url=https://premium.goauto.com.au/on-the-road-to-an-ipo/ |access-date=2026-08-14 |website=GoAutoNews Premium |language=en-AU}}</ref> That same year, CarExpert received the website of the year award.<ref name="cmail"/> CarExpert also opened its first retail store in 2021, showcasing new cars, in [[Westfield Warringah Mall]] in Sydney.<ref>{{Cite web|url=https://www.smh.com.au/business/companies/car-dealerships-hit-top-gear-as-the-new-tenants-in-town-20220811-p5b93z.html|title=Car dealerships hit top gear as the new tenants in town|first=Carolyn|last=Cummins|date=12 August 2022|website=[[Sydney Morning Herald]]}}</ref>
In 2021, [[Seven West Media]], which owns Australian news service [[Seven News]], acquired a minority stake on the website for $4 million and made the website its automotive partner.<ref name="afr"/><ref name="au1"/><ref>{{Cite web |last=Mellor |first=John |date=2024-02-06 |title=On the road to an IPO |url=https://premium.goauto.com.au/on-the-road-to-an-ipo/ |access-date=2026-08-14 |website=GoAutoNews Premium |language=en-AU}}</ref> That same year, CarExpert received the website of the year award.<ref name="cmail"/> CarExpert also opened its first retail store in 2021, showcasing new cars, in [[Westfield Warringah Mall]] in Sydney.


In 2022, CarExpert received $10 million in investment gaming billionaire Laurence Escalante. Following the investment, CarExpert acquired Australian valuation and marketplace company Price My Car and announced an expansion of its operations into [[Western Australia]].<ref name="west">{{Cite web|url=https://thewest.com.au/business/automotive/laurence-escalante-backed-carexpert-revs-up-for-wa-expansion-c-8545256|title=Escalante-backed car website revs up for WA expansion|date=14 October 2022|website=[[The West Australian]]}}</ref><ref name="afr"/> Since its foundation, it was mostly active on the East Coast of Australia.<ref name="west" /> In 2023, CarExpert launched its new car buying platform using the technology acquired from Price My Car technology, using a [[Pay per sale|pay-per-sale]] model.<ref>{{Cite web |last=Mellor |first=John |date=2023-10-17 |title=CarExpert reinvents itself |url=https://premium.goauto.com.au/carexpert-reinvents-itself/ |access-date=2026-08-20 |website=GoAutoNews Premium |language=en-AU}}</ref>
In 2022, CarExpert received $10 million in investment gaming billionaire Laurence Escalante. Following the investment, CarExpert acquired Australian valuation and marketplace company Price My Car and announced an expansion of its operations into [[Western Australia]].<ref name="west">{{Cite web|url=https://thewest.com.au/business/automotive/laurence-escalante-backed-carexpert-revs-up-for-wa-expansion-c-8545256|title=Escalante-backed car website revs up for WA expansion|date=14 October 2022|website=[[The West Australian]]}}</ref><ref name="afr"/> Since its foundation, it was mostly active on the East Coast of Australia.<ref name="west" /> In 2023, CarExpert launched its new car buying platform using the technology acquired from Price My Car technology, using a [[Pay per sale|pay-per-sale]] model.


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]].<ref>{{Cite web|url=https://www.theaustralian.com.au/business/online-newcar-classified-site-carexperts-valuation-hits-50m-on-capital-raising/news-story/0d17c403015b9f0a251b9e89b6a60158|title=Online new-car classified site CarExpert's valuation hits $50m on capital raising|date=22 October 2023|website=[[The Australian]]}}</ref><ref>{{Cite web|url=https://www.smartcompany.com.au/startupsmart/news/ten-aussie-startups-raised-39-million-week/|title=Ten Aussie startups that raised $39 million this week|date=27 October 2023|website=Smart Company}}</ref>
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]].<ref>{{Cite web|url=https://www.theaustralian.com.au/business/online-newcar-classified-site-carexperts-valuation-hits-50m-on-capital-raising/news-story/0d17c403015b9f0a251b9e89b6a60158|title=Online new-car classified site CarExpert's valuation hits $50m on capital raising|date=22 October 2023|website=[[The Australian]]}}</ref><ref>{{Cite web|url=https://www.smartcompany.com.au/startupsmart/news/ten-aussie-startups-raised-39-million-week/|title=Ten Aussie startups that raised $39 million this week|date=27 October 2023|website=Smart Company}}</ref>

Revision as of 04:02, 28 September 2026

CarExpert is an Australian website that provides automotive-related news and car reviews.[1]

The company is headquartered in Brisbane, Queensland, with offices in Sydney and Melbourne.

History

CarExpert was founded by Anthony Crawford, Alborz Fallah, and Paul Maric as a news publication in 2020.[2][3] They previously founded a similar website named CarAdvice, which was acquired by Nine Entertainment for $30 million.[4] It uses a reverse subscription model in which it charges the car manufacturer for the people that read its car reviews.

In 2021, Seven West Media, which owns Australian news service Seven News, acquired a minority stake on the website for $4 million and made the website its automotive partner.[2][5][6] That same year, CarExpert received the website of the year award.[1] CarExpert also opened its first retail store in 2021, showcasing new cars, in Westfield Warringah Mall in Sydney.

In 2022, CarExpert received $10 million in investment gaming billionaire Laurence Escalante. Following the investment, CarExpert acquired Australian valuation and marketplace company Price My Car and announced an expansion of its operations into Western Australia.[7][2] Since its foundation, it was mostly active on the East Coast of Australia.[7] In 2023, CarExpert launched its new car buying platform using the technology acquired from Price My Car technology, using a pay-per-sale model.

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.[8][9]

In February 2026, CarExpert entered the New Zealand market via a partnership with New Zealand auction site Trade Me.[10]

The website is in process to be publicly listed.[2]

Awards and recognition

  • 2021 and 2022: Website of the year[11][12]
  • 2023: Paul Maric, Commonwealth Bank, Entrepreneur of the Year[13][14]
  • 2024: Paul Maric, Presenter of the Year; CarTalk, media outlet of the year[15]

References

  1. ↑ 1.0 1.1 "CarExpert.com.au snaps up Website of the Year Award". https://cyprus-mail.com/2021/10/26/carexpert-com-au-snaps-up-website-of-the-year-award/. 
  2. ↑ 2.0 2.1 2.2 2.3 Macdonald, Anthony; Thompson, Sarah; Sood, Kanika (April 22, 2022). "CarExpert raising $10m to buy Price My Car; IPO next". https://www.afr.com/street-talk/carexpert-raising-10m-to-buy-price-my-car-ipo-in-2024-20220422-p5afhj. 
  3. ↑ "Coronavirus border closures 'creating ghost flights'". https://www.couriermail.com.au/business/coronavirus-border-closures-creating-ghost-flights/news-story/a9119329f5a28c1d72470f9b02f3fb14. 
  4. ↑ "CarAdvice to be sold to Nine for a reported $30 million". 2 September 2016. https://www.afr.com/companies/media-and-marketing/caradvice-to-be-sold-to-nine-for-a-reported-30-million-20160902-gr7ulx. 
  5. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named au1
  6. ↑ Mellor, John (2024-02-06). "On the road to an IPO" (in en-AU). https://premium.goauto.com.au/on-the-road-to-an-ipo/. 
  7. ↑ 7.0 7.1 "Escalante-backed car website revs up for WA expansion". 14 October 2022. https://thewest.com.au/business/automotive/laurence-escalante-backed-carexpert-revs-up-for-wa-expansion-c-8545256. 
  8. ↑ "Online new-car classified site CarExpert's valuation hits $50m on capital raising". 22 October 2023. https://www.theaustralian.com.au/business/online-newcar-classified-site-carexperts-valuation-hits-50m-on-capital-raising/news-story/0d17c403015b9f0a251b9e89b6a60158. 
  9. ↑ "Ten Aussie startups that raised $39 million this week". 27 October 2023. https://www.smartcompany.com.au/startupsmart/news/ten-aussie-startups-raised-39-million-week/. 
  10. ↑ "CarExpert to enter NZ with listing partner" (in en-US). 2025-11-20. https://autotalk.com.au/news/carexpert-to-enter-nz-with-listing-partner. 
  11. ↑ "CarExpert wins Brand and Website of the Year at Publish Awards". 9 September 2022. https://7news.com.au/lifestyle/motoring/carexpert-wins-brand-and-website-of-the-year-at-publish-awards-c-8180120. 
  12. ↑ "CarExpert wins Brand and Website of the Year at Publish Awards". 9 September 2022. https://www.perthnow.com.au/lifestyle/motoring/carexpert-wins-brand-and-website-of-the-year-at-publish-awards-c-8180116. 
  13. ↑ "Winners and Finalists". 9 September 2023. https://smallbizweek.com.au/2023events/awards/. 
  14. ↑ "CarExpert wins CommBank Entrepreneur of the Year business award". 25 May 2023. https://7news.com.au/lifestyle/motoring/carexpert-wins-commbank-entrepreneur-of-the-year-business-award-c-10763360. 
  15. ↑ Barry, Robert (2024-04-23). "Nissan’s Emily Fadayev voted PR Person of the Year" (in en-US). https://autotalk.com.au/industry-news/nissans-emily-fadayev-voted-pr-person-of-the-year. 

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