LeasePlan’s CarNext.com acquires tech platform AutoManager
LeasePlan’s CarNext.com has acquired technology company AutoManager for an undisclosed amount.
The acquisition of AutoManager comes a month after CarNext launched a short-term used car leasing app and is aimed at furthering CarNext.com to create a cross-border marketplace for used cars and third-party suppliers across 23 European countries.
AutoManager is a technology company that has developed a digital vehicle management platform, enabling online vehicle remarketing. The platform automates the processes for vehicle uploading onto the CarNext.com marketplace using a Vehicle Identification Number (VIN). This data includes the specifications of vehicles. CarNext.com says this helps the platform offer its customers vehicles from all 23 European countries that CarNext.com operates in.
In addition, the company says the technology will enable CarNext.com to enhance services offered to its increasing network of third-party suppliers, providing them with full transparency on vehicle pricing, channel selection and stock management.
Ewout van Jarwaarde, CEO CarNext.com said: “CarNext.com is committed to providing our customers with the ability to select any high-quality used car across Europe. By acquiring AutoManager, we now have full visibility into vehicle supply and demand across our operations, which means we can offer our customers not just a great selection of cars from their local market but from all of the 23 European countries we operate in. In addition, the AutoManager technology provides our rapidly growing third-party supplier network with a seamless experience and full transparency on what’s happening with their vehicles across our pan-European platform. This will further underpin our position as the leading marketplace for high-quality used cars and enable us to deliver any car, anytime, anywhere in Europe.”
Maarten Bekkers, general manager AutoManager, added: “We built AutoManager to bring transparency and simplicity to what is an incredibly fragmented and complicated used car market. Becoming part of CarNext.com will enable us to continue to develop our technology platform and improve the experience for everyone in the used car value chain – whether that’s customers, suppliers or retailers.”