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Mojo Motors

mojomotors.com

Stage

Unattributed VC - II | Alive

Total Raised

$5.42M

Last Raised

$1M | 10 yrs ago

About 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.

Headquarters Location

150 W 30th Street Suite 1200

New York, New York, 10001,

United States

917-398-4060

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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 in 1 Expert Collection, including Auto Commerce.

A

Auto Commerce

539 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 Motors Patents

Mojo Motors has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/18/2013

Automotive websites, Electronic toll collection, Compact cars, Social media, Army museums

Application

Application Date

10/18/2013

Grant Date

Title

Related Topics

Automotive websites, Electronic toll collection, Compact cars, Social media, Army museums

Status

Application

Latest Mojo Motors News

Toyota Leads Top 10 Longest Lasting Brands, Says Mojo Motors

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 Motors Frequently 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 TrueCar and 5 more.

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Chezhibao is an online used car trading site which uses an auction system to sell cars, and provides free, one-stop services for sellers.

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carwow is a used car marketplace that helps users choose what new car to buy. The platform allows consumers to compare offers online and buy directly from trusted dealers that are registered with the platform, specifically avoiding the arduous but otherwise necessary requirement to haggle over price and in a way that potentially introduces a lot more transparency. carwow was founded in 2013 and is based in London, England.

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