Mojo Motors
Stage
Unattributed VC - II | AliveTotal Raised
$5.42MLast Raised
$1M | 10 yrs agoAbout Mojo Motors
Mojo Motors, formerly GetAutoBids, is a used car deals platform that helps car shoppers find discounts on used cars and trucks at local dealerships. After signing up for a free account, Members also receive personalized alerts when dealers drop prices.
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Expert Collections containing Mojo Motors
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Mojo Motors is included in1 Expert Collection,includingAuto Commerce.
Auto Commerce
569 items
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Mojo MotorsPatents
Mojo Motors has filed 1 patent.
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10/18/2013 |
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Automotive websites, Electronic toll collection, Compact cars, Social media, Army museums |
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10/18/2013 |
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Automotive websites, Electronic toll collection, Compact cars, Social media, Army museums |
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LatestMojo MotorsNews
May 31, 2014
Follow CommentsFollowing CommentsUnfollow Comments Who wants a car that’s “worthless?” Maybe you should. The key is, how many miles can you get out of it before a car or truck reaches that point? By that measure, Toyota makes the longest-lasting cars and trucks, at an average of more than 200,000 miles, according to New York-based Mojo Motors, the company behind the used-car classified ad site mojomotors.com . In a recent analysis, Honda was the only other big-volume brand that topped 200,000 miles before its cars reach the theoretical “worthless” point, the company said. Domestic brands Ford , Dodge and Chevrolet rounded out the Top 5, mostly on the strength of their trucks, the company said. “We’re interested in the market that’s beyond just 1- or 2-years-old. There’s a huge market for 3- to 15-year-old cars. That’s where the volume is, in used cars,” said Paul Nadjarian, founder and CEO of Mojo Motors. There’s no escaping the fact that a car is a depreciating asset. An old rule of thumb is that most cars depreciate 40 percent as soon as they drive off the lot, or an average of about 55 percent after three years. As the saying goes, the way to get the most value out of a car purchase is to buy a reliable used car and drive it “until the wheels fall off.” But which cars and trucks are reliable in the long run? And figuratively speaking, at what point do those wheels fall off, anyway? Mojo Motors sought answers to those questions recently, by analyzing its listings for more than half a million cars and trucks from model years 1995 though 2014. 2011 Toyota Tacoma (Photo credit: M.CERASOLI) “We’re a product company that’s awash in Big Data,” said Nadjarian. “As a statistical and mathematical exercise, we did a linear regression analysis to find out, with each mile added, how much value do you lose on a per-mile basis? And theoretically, at what point do you lose all value?” he said in a recent phone interview. The company came up with a list of the Top 10 brands, in terms of the maximum number of miles at which their cars and trucks become theoretically “worthless.” Nadjarian said some smaller-volume brands may have fallen off the list due to small sample sizes. Here’s the list, according to mojomotors.com: 1. Toyota – 210,705 miles until worthless; 2. Honda – 209,001 miles until worthless; 3. Ford – 198,409 miles until worthless;
Mojo MotorsFrequently Asked Questions (FAQ)
Where is Mojo Motors's headquarters?
Mojo Motors's headquarters is located at 150 W 30th Street, New York.
What is Mojo Motors's latest funding round?
Mojo Motors's latest funding round is Unattributed VC - II.
How much did Mojo Motors raise?
Mojo Motors raised a total of $5.42M.
Who are the investors of Mojo Motors?
Investors of Mojo Motors include RPM Ventures, Accomplice and NextView Ventures.
Who are Mojo Motors's competitors?
Competitors of Mojo Motors include Carlypso and 5 more.
Compare Mojo Motors to Competitors
TRED provides an online marketplace that connects trusted car buyers and sellers. The identity and payment methods of buyers are verified prior to making purchases and vehicles listed for sale go through TRED's verification process before being listed.
Shenyou Advertising, operator of 51Auto, aims to provide used car information listing services through both an online web site and offline magazine publications as an used car trading information platform in China.
Trusted Sale is a cashless, peer-to-peer solution that promotes safe, secure and successful transactions between anonymous individuals. The company's anti-scam solution can be used on any device, and is powered by fraud detection and digital payment technology.
Rodo operates a car leasing marketplace where a consumer can lease a car via a mobile device and have it delivered the next day. Consumers can get an actual lease price and complete the transaction from start to finish.
Cars24 is a hybrid used car trading platform offering both online and offline services. The site and app enable both the selling of used cars and used two-wheeled motorbikes. Cars24 buys, fixes, and then resells vehicles, meaning it appraises vehicles from sellers, buys them up for an agreed upon price if possible, and fixes/reconditions them so that they can deliver them to purchasers.
Turn provides a web-based platform and mobile apps for car subscription. Customers can shop, get approved and pay for their subscriptions and return the cars at any time.
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