Carspring
 | This article needs to be updated. (October 2017) |
 | |
| Company type | Privately held company |
|---|---|
| Industry | E-commerce/ used car |
| Founder | Dr Peter Baumgart, Maximilian Vollenbroich |
| Headquarters | |
Area served | United Kingdom |
| Website | carspring |
Carspring was an online platform for buying used cars in the United Kingdom. Launched in March 2015,[1] the company allows users to buy or finance used cars online.[2]
The U.K site is currently not listing cars after a loss of investment.[citation needed]
History
[edit]The company was founded in March 2015 by two former consultants, Dr Peter Baumgart and Maximilian Vollenbroich.[3]
It is backed by Berlin-based startup ‘incubator’ Rocket Internet.[4]
How it works
[edit]Users choose which car they would like to buy from an online catalogue, pay online, and have their car delivered to their home. Unlike other online UK car dealers, Carspring holds its own inventory as stock.[5] Carspring adopts a similar model to US companies such as Beepi, Vroom, and Carvana.[6]
Reception
[edit]Startups.co.uk designed the company as the seventeenth most promising new online startup in UK.[7]
References
[edit]- ^ "CARSPRING LIMITED - Officers (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2016-12-15.
- ^ Carspring. "| Carspring". Carspring UK. Archived from the original on 2017-02-02. Retrieved 2016-12-15.
- ^ O'Hear, Steve. "Rocket Internet's Carspring Is A Marketplace For Pre-Owned Cars". TechCrunch. Retrieved 2016-12-15.
- ^ "Companies | Rocket Internet". www.rocket-internet.com. Retrieved 2016-12-15.
- ^ Sharman, Andy (2016-03-27). "Digital challengers shake up UK used car market". FT.com. Retrieved 2016-12-15.
- ^ Ingham, Edmund. "Can Tech Startup Carspring Disrupt The £45B Used-Car Market In The UK?". Forbes. Retrieved 2016-12-15.
- ^ "17. Carspring - Startups 100 by Startups.co.uk: Start up a successful business". Startups 100 by Startups.co.uk: Start up a successful business. 2016-05-16. Retrieved 2016-12-15.