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Carzone

carzone.ie

Founded Year

1998

Stage

Acquired | Acquired

Valuation

$0000 

About Carzone

Carzone provides an auto portal that helps its users with car research, finance, insurance, used cars, and any other aspect of car buying and selling. The company has tie-ups with many auto manufacturers, and car dealers to facilitate the purchase of vehicles. The company was founded in 1998 and is based in Dublin, U.K. In October 2022, Carzone was acquired by Mediahuis Ireland.64M.

Headquarters Location

Paramount Court Corrig Road

Dublin, Northern Ireland, D18 R9C7,

United Kingdom

+353 1 4490650

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Latest Carzone News

European New Car Online Marketplaces Report 2022 Featuring AutoScout24, AutoTrader, Carnovo, Carwow, Carzone,...

Nov 24, 2022

PR Newswire DUBLIN, Nov. 24, 2022 /PRNewswire/ -- The "European New Car Online Marketplaces, 2022" report has been added to ResearchAndMarkets.com's offering. This report reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the methodology. New and used vehicles can be purchased in a variety of ways in Europe, whether through franchised car dealerships, OEM online channels, or third-party online marketplaces. Automakers are exploring ways to reach out directly to customers to reduce retail operating costs while new car dealers want more effective ways to market and sell their inventory in the competitive retail arena. Automotive eCommerce had to transform during the COVID-19 pandemic because many companies selling cars did not offer fully digital services and automakers had to temporarily close physical dealerships to the public. Although marketplaces were already offering new car sales online, the pandemic accelerated the trend at the back of a confluence of factors including customer demand for more buying choices and intrabrand competition among dealerships. Online new car marketplaces still have potential for evolution with the development of more value-added, customer-oriented digital services. Marketplace providers will have to focus on digitalizing their web portals for all aspects of the customer journey, including vehicle tour, configuration, financing, trade-in, warranty, digital signature, and the ability to facilitate transactions digitally. AD AD As millennials and Generation Z become the largest car-buying groups, they will expect a seamless and digital purchase journey. Companies to Action

Carzone Frequently Asked Questions (FAQ)

  • When was Carzone founded?

    Carzone was founded in 1998.

  • Where is Carzone's headquarters?

    Carzone's headquarters is located at Paramount Court, Dublin.

  • What is Carzone's latest funding round?

    Carzone's latest funding round is Acquired.

  • Who are the investors of Carzone?

    Investors of Carzone include Mediahuis Ireland.

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