AM Online

Cars4U in administration

Accountants Begbies Traynor have been appointed administrators at the failed South Wales used car retailer Cars4U.

The company, which had retail outlets in Cardiff, Caerphilly and Treforest, closed its doors just over a week ago. Its demise follows shortly after that of the North-East based car supermarket Carshock, after two of its finance suppliers withdrew support.

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