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It launched an online marketplace for used cars in December 2019, which became its primary business. [1] It is based in the UK but listed on the New York Stock Exchange following a merger with a special-purpose acquisition company, led by hedge fund manager Dan Och in August 2021. As of its listing the company had a valuation of US$8 billion.
During the COVID-19 pandemic, Motorway was forced to stop trading in March 2020 following the UK national lockdown. Trading resumed in May 2020 with contact-free transport to align with social distancing rules. [7] By June 2020, Motorway reported £1.39m in used car sales on the platform per day. [8]
In 2022, Auto Trader began a partnership with the Office for National Statistics sharing its used car pricing data to power its official measures of inflation, including the Consumer Prices Index. [28] Also in 2022, Auto Trader acquired Autorama, owner of Vanarama, one of the UK’s largest transactional marketplaces for leasing new vehicles. [29]
The Trade Centre Group is a used car sales company in the ... The company opened their first showroom in England in early 2017 known as "The Trade Centre UK". [2 ...
Constellation Automotive Group is a used vehicle marketplace. It was founded in the United Kingdom in 1946, as Southern Counties Car Auctions, and was a publicly traded company, BCA Marketplace, when acquired and taken private by TDR Capital in November 2019. TDR rebranded it to the current name in October 2020.
In December 2005, Carcraft became the first independent second hand vehicle retailer to create and found a contract hire car company. [5] Named ‘All in One leasing’, the business provided services to companies who have small to medium fleets of cars, with Carcraft leasing them new vehicles, then replacing them and selling the used vehicles ...
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