The Competition and Markets Authority (CMA) has cleared the eBay Motors.co.uk acquisition, although the full text of the CMA decision is not yet available.
Motors.co.uk will now become part of Gumtree UK, an eBay Classifieds business. Combining the inventory, customer relationships and traffic available on Gumtree UK, eBay Motors UK and Motors.co.uk, along with Motors.co.uk’s cutting-edge tools and services, is intended to help UK car dealers increase their leads and bring buyers more choice and value according to eBay.
The Motors.co.uk acquisition jointly position Motors.co.uk, Gumtree UK, and eBay Motors UK — which together offer more than 620,000 car listings — Autotrader their main competior carries around 500,000 car listings. The move builds on the joint offering of Gumtree UK Motors and eBay UK Motors that launched in January 2018, enabling car dealers in the UK to easily reach customers on both platforms and gives buyers access to more listings.
“We welcome today’s decision by the Competition and Markets Authority (CMA) to approve eBay’s proposed acquisition of Motors.co.uk from Cox Automotive. Subject to satisfaction of all closing conditions and upon deal closing, Motors.co.uk will become part of Gumtree UK, an eBay Classifieds Group (eCG) business.
As a result of the transaction, we believe car dealers would be able to increase their sales leads and at the same time, give their consumers more choice and value.”
– Gumtree UK Spokesperson