Online Used Car Reseller Autoquake Goes Into Administration
Sunday, 13. March 2011
Image by Getty Images via @daylife
Online used car resale giant Autoquake has gone into administration losing its investors £19 million in the process as it’s unlikely that anyone would pay more than a couple of thousand pounds for a few cars, an award winning website and some goodwill. Their CEO was known for his arrogance and his despise of car dealers pointing out the error of their ways, not so arrogant now methinks. On the other hand of course I have been very much involved with the creation and development of Carsite, the originator of online used car reselling which continues to build from strength to strength with me still in the background as a consultant. Well done Carsite for seeing off the competition and with all the speculation regarding Carsite and Tesco it’s a question of watch this space, I couldn’t possibly comment of course! By Graham Hill
Related articles
- Tesco enters the used-car market (dailymail.co.uk)
