Hyperdrive
TDR’s Constellation Buys CarNext to Grow Online Auto Lead
- Owner of used-car service Cinch taps funds raised in May
- Group expects to facilitate over 2.5 million car sales a year
The CarNext website.
Source: CarNext
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Constellation Automotive Group, the buyer and seller of used vehicles owned by TDR Capital, acquired smaller rival CarNext to expand its lead as Europe’s biggest online auto marketplace.