Autoquake.com is a UK-based e-commerce company selling used cars direct from fleets to consumers, cutting out the traditionally high-margin car dealers.
Autquake was founded in 2005 in reaction against the lack of transparency and dismal customer experience that is expected in the used car industry. The company is backed by two leading venture capital firms: Accel Partners and Highland Capital Partners.
By sourcing cars direct from leasing and fleet companies, Autoquake.com effectively cuts out the middleman, disintermediating the high costs, high margins car dealers and offering consumers average savings of 10% compared to traditional car supermarkets. At the same time, fleets get better return on their assets.
On Autoquake.com, each car available for sale is described extensively on the website, with 40 high quality pictures and scans of any relevant documents (MOT, V%, log books, etc.).
Cars are thoroughly described, and if a car has any cosmetic damage, it will be emphasized through the "condition viewer". Combined with a 7-day money back guarantee, this makes online buying a safe and convenient option for used cars and allows one sale in three to be delivered unseen.
Since June 2009, it is also possible for customers to pre-order cars that are due to come off-fleet in the next few weeks, enabling even greater savings for the consumers and greater flexibility for the fleet companies.
Autquake was founded in 2005 in reaction against the lack of transparency and dismal customer experience that is expected in the used car industry. The company is backed by two leading venture capital firms: Accel Partners and Highland Capital Partners.
By sourcing cars direct from leasing and fleet companies, Autoquake.com effectively cuts out the middleman, disintermediating the high costs, high margins car dealers and offering consumers average savings of 10% compared to traditional car supermarkets. At the same time, fleets get better return on their assets.
On Autoquake.com, each car available for sale is described extensively on the website, with 40 high quality pictures and scans of any relevant documents (MOT, V%, log books, etc.).
Cars are thoroughly described, and if a car has any cosmetic damage, it will be emphasized through the "condition viewer". Combined with a 7-day money back guarantee, this makes online buying a safe and convenient option for used cars and allows one sale in three to be delivered unseen.
Since June 2009, it is also possible for customers to pre-order cars that are due to come off-fleet in the next few weeks, enabling even greater savings for the consumers and greater flexibility for the fleet companies.
Location: United Kingdom, England, London
Employees: 51-200
Phone: +44 333 800 1695
Total raised: $15.02M
Founded date: 2005
Funding Rounds 2
| Date | Series | Amount | Investors |
| 09.03.2010 | - | $9.05M | - |
| 14.04.2009 | - | $5.97M | Highland C... |
Mentions in press and media 9
| Date | Title | Description |
| 16.06.2010 | Autoquake strengthens its team with key new appointments | Autoquake, the UK’s largest online car retailer, today announced three new appointments to strengthen its management team. Alan Burns, Mark Brophy and Karl Marriott join Autoquake.com from Expedia, the largest online travel company in the w... |
| 09.03.2010 | Autoquake.com Closes £6M Venture Capital Financing Round | Autoquake.com, a UK-based online used car retailer, closed a £6m round of venture capital and venture debt financing. The equity is being provided by existing investors Accel Partners and Highland Capital Partners and the debt is being prov... |
| 09.03.2010 | Autoquake Gets Another £6m Investment From Its Backers | Autoquake, an online used car retailer in the UK, has raised another £6 million round of venture capital and venture debt financing from existing investors Accel Partners and Highland Capital Partners. The debt is being provided by Kreos Ca... |
| 08.03.2010 | Autoquake secures another £6m investment from backers | Autoquake, an online used car retailer in the UK, has raised another £6 million round of venture capital and venture debt financing from existing investors Accel Partners and Highland Capital Partners. The debt is being provided by Kreos Ca... |
| 14.04.2009 | Autoquake gets a further £4m from Highland and Accel | Autoquake, an online used car retailer in the UK, has raised £4m from Accel and Highland Partners. Autoquake has already had a £6 million second round of funding from Highland and Accel last April. That takes total funding to date to £14 mi... |
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