eCG Senior Vice President and General Manager, Alessandro Coppo, said, “This acquisition is an important part of eBay Classifieds Group’s verticalisation strategy in the automotive market, following our successful acquisition of Motors.co.uk in the United Kingdom earlier this year."
Cox Automotive Australia CEO Rob Whiten said: “For Cox Automotive Australia, it will enable us to focus on our broader strategy of building upon our strengths in the wholesale arena and support dealers, OEMs, fleet/lease and retail customers in changing and challenging market conditions."
Eclipx operates several brand including FleetPartners, FleetChoice, and FleetPlus, and has been growing its leasing business. That leasing business grew by 20% to around $128 million during the second half of the financial year.
The partnership will see Titan DMS offering the Blinker cloud-based end-to-end software platform solution to car dealerships and OEMs around the country, allowing them to offer car subscription-as-a-service to customers.
“The opportunity for growth in these markets is substantial,” Dealer Trade Holdings Chairman Jarrod Sierocki said. “We’ve enjoyed first mover advantages with our technology platforms in two auto markets which were ripe for disruption."