Car buying comparison听company听carwow听has acquired听used car buying platform听Wizzle.听
Carwow听connects online car buyers with dealers听and has 12.5 million customers.听Last year听拢2.5听billion of new cars were听sold on the听carwow听platform and almost 80% of buyers then had a car to sell.听听听
The acquisition听of听Wizzle听will help听carwow听users sell their current car as soon as they鈥檝e听鈥榗onfigured鈥櫶齮heir new car on听carwow.听
Wizzle听is the brainchild of S茅bastien Duval,听who first set about building an app to help car dealers appraise and value used cars that had been driven onto used car forecourts. He quickly figured out that he could streamline the process for both dealers and customers听by moving the entire process online, providing customers with the ability to profile their own car so that they could share it with prospective dealers who might want to buy it.听听听
Wizzle听customers answer a set of questions about their car鈥檚 general condition听and upload six-to-eight photos which dealer partners around the UK can access before deciding whether to make an offer to buy it.听听听
Wizzle听now has more than 2,000 dealers using their platform who are buying more than 1,500 cars per month.听
carwow听plans to integrate the听Wizzle听used car selling service into its new car buying experience this week. While听carwow听has had a 鈥楽ell Your Car鈥� feature live for听a number of听years – driving over a million valuations in the last 12 months –听it听has only been able听to provide a single offer from a single provider.听听听听听
By leveraging听Wizzle鈥檚听technology platform,听carwow听will be able to provide multiple offers to customers and prioritise offering cars to dealer partners directly.听听听
James Hind,听carwow听CEO,听said: 鈥淥ur partners have told us that they听want better direct access to high quality used car inventory and this acquisition will allow us to do just that quickly.听听听
鈥淲izzle听is already powering over 1,500 vehicle sales per month, which we鈥檙e aiming to grow exponentially by integrating the service into听the main听carwow听platform.听听
鈥淲e鈥檙e super excited about the听Wizzle听team joining the听carwow听family and look forward to rolling the service out in the UK and then Germany and Spain.鈥澨�听
Duval听added::听鈥淲ith听carwow鈥檚听reach, scale听and the expertise of its 245-person team, we鈥檙e in pole position to build the biggest used car aggregator in the market, providing dealers with easier access to more in-brand, local and quality cars.听
鈥淚听can’t wait to combine our class leading technology with the immense reach that听carwow听have in the UK and in Germany and Spain.听听
鈥淥ur companies are two sides of the same coin, with the shared vision to deliver trust, transparency and听high quality听services that听gives dealers an advantage in the digital world.鈥�听