Used-car marketplace CarNext has reportedly closed its operations in Netherlands, the location of its headquarters, and has also pulled out of Italy, following the company’s withdrawal from two other European markets earlier in the fall.
A report of the marketplace’s departure from the Dutch market, quoting unnamed sources close to CarNext, appeared on the Netherlands-based site Automotive Magazine Online.
A message on the auto company’s Italy-based website tells users, “CarNext has decided to stop selling used vehicles to private customers. Instead, the sale to traders will continue.”
A similar message is still displayed on CarNext’s Germany-based website, following its decision to halt sales to retail customers in September. It pulled out of the Norwegian market at the same time.
At the time, a spokesperson for CarNext’s parent company, Constellation Automotive Group, said: “CarNext has reduced the size of its footprint as part of its ongoing integration into the Constellation Group. CarNext maintains a sizeable operation in Europe.”
The company’s Netherlands site remains active, albeit with an inventory of just 365 vehicles.
The company is apparently continuing to operate normally in France, Portugal and Spain, although fewer than 500 cars remain for sale on each of these sites.
By contrast, rival businesses in mainland Europe — such as AramisAuto in France, AutoScout24 Smyle in Germany, Clicars in Spain and Bynco in the Netherlands — all have four- or five-figure inventories.
Automotive Magazine said that there was no word on the fate of CarNext’s three retail locations in the Netherlands — in Breukelen, Moordrecht and Zwolle — or its employees in the country.
At the same time, the company has also changed its logo.
CarNext’s withdrawal from Germany and Norway in September came just a day after rival business Cazoo announced it would cease trading in mainland Europe to focus on its core business in the U.K.
These latest developments put Auto1 in pole position to win across mainland Europe. Its main challengers are Germany-based classified marketplaces, including AutoScout24, and Mobile.de, who have launched asset-light retail models in competition, and other classified sites currently developing e-commerce propositions across the continent.
CarNext was acquired by Constellation Automotive Group in October 2021.
The AIM Group has contacted CarNext for comment on its latest market exits and logo change.