- CEO
- Nathan James Coe
- Full Time Employees
- 1,244
- Sector
- Communication Services
- Industry
- Internet Content & Information
- Address
- No.3 Circle Square Manchester GM United Kingdom M15 4FN
- IPO Date
- Dec 1, 2015
- Business
- Auto Trader Group plc operates as the United Kingdom's largest digital automotive marketplace, offering a comprehensive range of products and services across two primary segments: Auto Trader and Autorama. The Auto Trader segment provides an online classified advertising platform for new and used motor vehicles including cars, trucks, vans, bikes, and farm machinery, featuring offerings such as vehicle listings, car valuations, part-exchange valuations, car finance applications, insurance products, and vehicle history checks. The Autorama segment focuses on new vehicle leasing and related services through its marketplace, offering leasing options primarily aimed at retail and home trader customers. The company also operates joint ventures such as Dealer Auction, an online auction platform for vehicles, and offers software solutions through subsidiaries like AutoConvert, which provides finance, insurance, and compliance software.
Founded in 1977 and headquartered in Manchester, Auto Trader Group has expanded its digital offerings and market presence considerably, leveraging advanced data analytics with a daily monitoring of approximately 800,000 vehicles on its platform. Major recent developments include the scaling and monetization of its Deal Builder product, launched to facilitate the online car buying journey by allowing users to secure part-exchange valuations, finance applications, and vehicle reservations digitally, with over 1,100 retailers onboarded by March 2024. The company completed the full settlement of deferred consideration related to the 2022 acquisition of Autorama, accelerating the integration and strategically adjusting the amortization timeline of acquired intangible assets such as the Vanarama brand. Additionally, Auto Trader continues to expand partnerships and campaign initiatives focused on sustainability and the transition to electric vehicles, aligning with its environmental strategy targeting the reduction of carbon emissions. The group generates the majority of its revenue from subscription-based and advertising services within the UK automotive retail sector and maintains a strong market position as a technologically advanced marketplace platform.
Auto Trader Group plc's portfolio includes significant subsidiaries such as Auto Trader Limited, Autorama UK Limited, Vanarama Limited, and several others that operate complementary vehicle marketplace services and software solutions. The company remains focused on enhancing the digital car buying experience and building stronger retailer and consumer partnerships while driving growth in its core marketplace and leasing platforms across the UK. Recent financial reports highlight robust revenue growth and profitability driven by digital innovation and expanded service offerings, securing Auto Trader’s role as a leading automotive technology and marketplace entity.