The largest of us internet car buying websites Webuyanycar.com is about to be sold to (BCA) British Car Auctions. The deal which has apparently been signed, is to be finalised soon. This would complete a chain throuout the motor trade as webuyanycar is fixed to buying cars from the public and sending them to auction to sell to the trade.
Webuyanycars profits have fallen since it opened in 2006. The Rochdale based company had a pre tax profit of around £5m in 2010 which fell to £3.4m in 2011. The owners were paid around £7.5m in dividends throughout 2011 which is an increase of £1.5m on the previous year despite profits and sales being down.
The company which is part of the Carcraft group also has around 20 branches throughout the US. Apparently this is not going to be part of the deal to Auction company (BCA).