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ITV acquired a minority stake in Carwow, valued at £2.5 million in return for advertising inventory, as part of a media for equity scheme, with an option to invest a further £2.5 million. [21] [22] [23] In 2024, Carwow acquired Autovia, the publisher of former Dennis Publishing magazines Auto Express, Evo, DrivingElectric and Carbuyer. [24] [25]
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He has backed early stage digital startups, including Farewill, Graze, Secret Escapes, SportPursuit, UniPlaces, CarWow, Swoon, and Farmdrop and was awarded an OBE for services to digital entrepreneurship in 2016. [19] He was named Ernst & Young Entrepreneur of the Year in 2013 [20] and in 2017 named on Debrett's 500. [21]
The company was founded by Noel and Darren McKee in 2006. [7]In 2013, the company was sold to the used car marketplace, British Car Auctions (BCA). [8]In November 2019, private equity group TDR Capital completed the purchase of webuyanycar.com's parent company, BCA, for a reported £1.9bn.
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Exchange and Mart powers a number of Newsquest owned titles such as s1cars.com [6] and the Warrington Guardian. [ 7 ] In March 2015, Simon Davis of Carwow wrote an article on selling cars in which he wrote " Exchange and Mart is the final Auto Trader alternative on this list.
Constellation Automotive Group is a used vehicle marketplace. It was founded in the United Kingdom in 1946, as Southern Counties Car Auctions, and was a publicly traded company, BCA Marketplace, when acquired and taken private by TDR Capital in November 2019.