Trade Me snaps up AutoGrab
Trade Me has announced its full acquisition of AutoGrab New Zealand after snapping up the remaining 49 per cent of the company it didn’t already own.
The online marketplace took a 51 per cent stake in the vehicle-software business in June 2023 but has now bought it outright.
“We’re excited for the team at AutoGrab NZ to join us, and the added value they bring through their accurate, reliable, and comprehensive live vehicle valuations to support Kiwi car dealers, insurance and finance companies,” says Trade Me.
“As part of welcoming AutoGrab to the Trade Me whanau, we will be adding AutoGrab to our Trade Me Services under our privacy policy from Monday, August 5.”
AutoGrab offers live vehicle valuations to help dealers, finance and insurance companies. It was founded in Australia in 2020 by Dan Werzberger and Chris Gardner and launched in New Zealand in April 2022.
The platform enables dealers to leverage live market data and has separate branches in Australia, Malaysia and the UK.
