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Cox, CarsGuide merge
Merger: Cox Automotive will merge with Australian automotive classified website CarsGuide.
US giant Cox Automotive takes on Carsales as News Corp bows out
9 August 2016
- Cox Automotive, the world’s biggest automotive services company and operator
autotrader.com, the market-leading auto classified website in America,
has signed a series of merger agreements that will see it take control of
CarsGuide in partnership with many Australian car dealers.
- CarsGuide, launched in 2011, was a joint-venture between News Corp Australia
and 38 of the country’s top car dealer groups formed to provide increasing
competition against Carsales which had come to dominate the online classifieds
business of car retailers.
Click here for full story: Cox, CarsGuide merge
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