eBay to acquire Motors.co.uk

Mon, 22 Oct 2018 | BUSINESS SALE



Online retail giant eBay will be acquiring Abingdon-based car search platform Motors.co.uk in a mutually agreed deal for an undisclosed sum.

The business will be bought from Cox Automotive, pending the approval of the Competition and Markets Authority (CMA). The deal will see Motors.co.uk join Gumtree UK, a subsidy of eBay Classifieds business.

As a result, 620,000 car listings will be held by all three companies – Motors.co.uk, Gumtree UK and eBay Motors UK – together.

Managing director at Motors.co.uk Phill Jones said: "Our mission has always been to make buying and selling cars easier. The deal with eBay would allow us to take this to the next level and we're very excited about what it potentially means for our team members, our consumers and our advertisers."

Cox Automotive acquired Motors.co.uk in 2012, and doubled the number of its advertised vehicles and consumer audience. Since this time, the business has developed its network to include numerous automotive websites like Topgear.com, Honest John, Autovillage, Raccars.co.uk and Parkers.co.uk.

General manager of Gumtree UK, Matt Barham, said: “This acquisition would finally present a viable car selling and shopping alternative for car dealers and buyers.

"By combining Motors.co.uk's extensive inventory, dealer engagements, traffic and cutting-edge tools and services with the considerable audience of in-market car buyers provided by eBay and Gumtree, this acquisition would give UK car dealers a significantly broader reach."

Chief executive of Cox Automotive, Martin Forbes added: The deal with eBay is great news for Motors.co.uk and would enable the business, the brand and the team to grow under new ownership where the focus is more consumer-led. For Cox Automotive, it would enable us to focus on building upon our strengths in the wholesale market and in supporting dealers, OEMs, Fleet and Leasing customers with a ‘connected retail’ proposition.”

For more news stories about acquisitions, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Tyre Services
Fakenham, Norfolk, UK Wide

Tyre specialist offering commercial and agricultural tyres. Major Tyres Ltd with Hankook performance tyres. Offers invited.

Asking Price: £299,950
Turnover: £380,000

LEASEHOLD


Tyre Garage
Midhurst, West Sussex, UK Wide

Busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex. The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients’ desire for a well-deser...

Asking Price: £399,995
Turnover: £336,000

FREEHOLD


Tyre Specialist
Aberdeenshire, Scotland, UK

Sillett Tyres Ltd. Outstanding opportunity to acquire on a Freehold basis a thriving commercial tyre supply & fitting business with an enviable reputation. Offers invited.

Asking Price: £250,000
Turnover: £546,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources