Amazon Makes a Move on U.K. Car Websites
- U.S. retailer plans to sell cars in U.K., magazine reports
- European expansion would follow limited market run in Italy
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Europe’s online car market is about to get more crowded, with a plan by Amazon.com Inc. to sell vehicles in the U.K. unnerving shareholders of the region’s biggest auto websites.
Britain’s Auto Trader Group Plc fell to a two-month low following a report that Amazon plans to expand its cars offering in Europe beyond a current test run in Italy. The U.S. retailing giant, which already sells vehicles in its home market, is seeking to fill a gap as traditional dealerships lose appeal.