# Auto Trader Group plc Update on joint venture with Cox Automotive UK

- Link: https://www.directorstalkinterviews.com/auto-trader-group-plc-update-on-joint-venture-with-cox-automotive-uk/412761797
- Published: 2018-11-21T07:43:50+00:00
- Author: Charlotte Edwards

**[Auto Trader Group plc](https://www.directorstalkinterviews.com/ftse-company/auto-trader-group/auto.l)**(
LON: AUTO), the UK’s largest digital automotive marketplace, today announced that
it has today received clearance from the Competition and Markets Authority in respect
of its joint venture with Cox Automotive UK Limited.

The joint venture is expected to complete by the end of the year and a further update
will be provided on completion.

The joint venture will provide the UK automotive market with a comprehensive online
auction service. The business will be called Dealer Auction, and will provide fleet
companies, manufacturers and retailers with a more efficient and convenient way 
to dispose of their stock of vehicles. Retailers will gain access to a more comprehensive
stock of vehicles available for them to buy and this will be supported with the 
data and tools to allow them to select the right vehicles for their specific needs.
The business will offer a full service, along with its business partners, who have
significant experience in digital, wholesale and retail solutions.

 

**About Auto Trader**

Auto Trader Group plc is the UK and Ireland’s largest digital automotive marketplace.
Auto Trader sits at the heart of the UK’s vehicle buying process and its primary
activity is to help vehicle retailers compete effectively on the marketplace in 
order to sell more vehicles, faster. Auto Trader listed on the London Stock Exchange
in March 2015 and is a member of the [FTSE 250](https://www.directorstalkinterviews.com/news/ftse-250)
Index.

The marketplace brings together the largest and most engaged consumer audience. 
Auto Trader has over 90% prompted brand awareness and attracts circa 55 million 
monthly cross platform visits each month, with over 70% of visits coming through
mobile devices.

The marketplace also has the largest pool of vehicle sellers (listing around 450,000
cars each day). Over 80% of UK automotive retailers advertise on autotrader.co.uk.

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