Autoebid has changed ownership following a bid from finance broker Acorn Money.
The transfer of ownership was completed in early January following a decision by Autoebid’s company founder Amin Saleem to sell the business in order to work on a new business venture and also continue to mentor other aspiring business entrepreneurs.
The acquisition of the Autoebid brand strengthens Acorn Money’s portfolio in the motoring arena, placing Autoebid alongside the company's existing MotorPocket subsidiary.
MotorPocket is a customer focussed platform that helps customers secure vehicle finance.
Autoebid is a cost saving platform, provides customers with the lowest vehicle prices.
Acorn Money chief executive Chris Greener said: “The Autoebid acquisition has opened up access to a wealth of new relationships and trust, which has been built up over the last 13 years.
“We're excited to now be in a position to offer complimentary services from both MotorPocket and Autoebid.”