Cox Automotive recently sold off their international Incadea DMS company for an undisclosed amount to the Volaris Group.
The move followed a review of the business which led to the decision by US management that it was no longer core business.
Incadea operates in 90 countries and has 4,000 dealerships on its books. It was acquired by Cox Automotive in 2015 as part of the $4bn purchase of Dealertrack in the US.
Speaking to Motor Trader, Cox Automotive UK CEO Martin Forbes said: “From an international perspective we were not happy necessarily in some of the real progress being made from a complex DMS organisation that was effectively in over 100 countries.
“The US looked at the business and decided that it was probably not the market that the family and the leadership team in the US wanted to be in.”
Cox Automotive launched into the Dealer Management Systems (DMS) market in the UK with Incadea in 2017.
Forbes said he had been pleased with the progress Incadea had been making in the UK since launch.
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