eBay to acquire Motors.co.uk
According to the BBC, eBay has announced that it is acquiring the Motors.co.uk website.
This acquisition will make eBay the ‘leading alternative’ to Auto Trader for a classified ad site for cars.
According to the deal, Motors.co.uk will become part of Gumtree UK which is also eBay owned.
The new acquisition would allow the group to offer over 620,000 car listings, compared to 500,000 from Auto Trader.
The deal is anticipated to be completed by early 2019 and will be subject to approval by regulators.
Matt Barham, general manager for Gumtree UK, stated that the new deal would ‘finally present a viable car selling and shopping alternative for car dealers and buyers.’
Additionally Matt commented, ‘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.’