British Car Auctions
Description
British Car Auctions, formerly known as British Car Auctions, is a used vehicle marketplace and automotive services provider in Europe. The company was founded in 1946 and has grown to become the largest vehicle remarketing company in Europe, selling more than one million vehicles annually across 10 countries, including the UK, France, Germany, and Spain.British Car Auctions generates revenue through its core remarketing operations, which include physical and online auctions, as well as a range of automotive services such as vehicle inspection, refurbishment, storage, imaging, funding solutions, and logistics. The company serves a diverse customer base, including fleet operators, manufacturers, leasing companies, and dealers. In addition to its remarketing services, British Car Auctions also owns WeBuyAnyCar.com, an online platform for selling used cars directly to consumers in the UK, and CarTrade2B, a similar platform in Germany.In 2015, British Car Auctions was acquired by Haversham Holdings, a consortium of investors, for £1.2 billion. The company was then listed on the London Stock Exchange. In June 2019, private equity firm TDR Capital made a cash offer to acquire British Car Auctions for £1.9 billion, which was accepted by the board and recommended to shareholders.The acquisition was completed in November 2019, and British Car Auctions was delisted from the London Stock ExchangeAs of 2022, British Car Auctions is a subsidiary of BBD Parentco Limited, which is owned by investment funds managed by TDR Capital.