UK authorities approve eBay acquisition of Motors.co.uk

A spokesman for eBay said: “These platforms creating a leading alternative to the current UK motors classifieds market leader. This will enable car dealers in the UK to easily reach customers and give buyers access to more choice. In addition, the combination provides opportunities for cross-platform synergies with the eBay UK marketplace and an improved transaction experience for consumers.”

In October last year, eBay announced it was acquiring the classified ads site from vehicle remarketing giant Cox Automotive, which is focusing on building its strengths in the wholesale market and related services.

Motors.co.uk has more than 350,000 used car listings on its platform.