eBay has completed the acquisition of Cox Automotive’s Motors.co.uk online used car classified business following approval from the Competition and Markets Authority (CMA) earlier this week.
eBay has announced its intention to by Motors.co.uk from Cox Automotive and join the platform with its Gumtree online classified site to strengthen its online car sales offering.
Amid news of a 10% UK showroom sales decrease since 2010, a Servicing Stop survey has revealed 64% of motorists are likely to buy their new or used car online.
Gumtree and eBay will operate as one business after merging to offer car retailers exposure across two platforms when listing vehicles for sale.
Classified site Gumtree has appointed Richard Nott as head of verticals, and John Daniell as commercial strategy manager.
Classifieds business Gumtree Motors is relaunching its website and introducing new packages designed to help franchised dealers stand out in its listings.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
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