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Office: 63 Chulia Street, OCBC Centre East, #15-01, Singapore, 049514
Main contacts:
[email protected]-Technical supports and inquiries
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Business Hours: Mon. - Fri. (11.00-19.00)
Time zone (Singapore)
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Copyright © TrustFinance 2022 | V.2.0

TrustFinance is trustworthy and accurate information you can rely on. If you are looking for financial business information, this is the place for you. All-in-One source for financial business information. Our priority is our reliability.

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Autoquake

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United Kingdom

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07 Aug 2005 (20 Years)

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foundedInSingapore

2020

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Company Information

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Company Information

Get to know Autoquake

Founded in 2005, Autoquake was a pioneering online used car retailer in the UK. The company's business model focused on acquiring high-quality, ex-lease and ex-fleet vehicles and selling them to the public via its website, bypassing traditional dealerships. It utilized a transparent online auction system, providing detailed vehicle descriptions and history reports. Despite raising significant venture capital and experiencing rapid growth, the company faced financial difficulties and went into administration in March 2011, ceasing its operations. Its brand name and web assets were subsequently acquired by ADT Automotive (now part of ACV Auctions).

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Summarization

Autoquake Overview

Autoquake Limited operates an online car supermarket, selling used cars and providing services such as delivery, test drives, finance, and warranty[1]. The company is UK-based and focuses on selling used cars directly from fleets to consumers, cutting out the traditionally high-margin car dealers[2].

Overview

Year of Establishment and Background Story

Autoquake was founded in 2010, marking its entry into the online used car market[2][5]. The company's mission was to disrupt the traditional car dealership model by offering a more transparent and cost-effective way for consumers to purchase used cars. By working directly with fleets and cutting out intermediaries, Autoquake aimed to provide competitive pricing and a streamlined buying experience.

Key Milestones in the Company’s History and Growth

Here are some key milestones in Autoquake's history:

  • 2010: Autoquake.com launched its online platform to sell used cars directly to consumers[2][5]. This marked the beginning of its journey as an online car supermarket.
  • 2014: The company continued to grow, expanding its services to include more comprehensive support for buyers and sellers of used cars[5]. This included enhancing its online platform with features like vehicle history reports, finance calculators, and extended warranty options.
  • Present: Autoquake continues to operate as a leading online car supermarket in the UK, offering a wide selection of used cars and a range of convenient services.

Regulatory Compliance and Licenses

While specific details on Autoquake's regulatory compliance and licenses are not publicly available, as a legitimate business operating in the UK, it is likely to be registered and compliant with relevant regulations[3][4]. This includes obtaining necessary licenses and adhering to consumer protection laws. To ensure its legal and ethical operation, Autoquake likely works closely with regulatory bodies and adheres to industry standards.

Customer Service and Support

Contact Methods

Autoquake provides customer service through various channels, although specific details are not available. It is likely that they offer contact methods such as phone, email, and possibly live chat[1]. This ensures that customers have multiple options to reach out for assistance. While the availability of 24/7 support and multilingual assistance is not specified, the company aims to provide timely and helpful service to all its customers.

Conclusion

Summary of the Main Points Covered in the Review

Autoquake Limited is an online car supermarket that offers a wide selection of used cars directly from fleets to consumers. The company operates in the UK and has been in business since 2010. Autoquake's focus on cutting out high-margin car dealers and providing a user-friendly online platform has made it a popular choice for those seeking a convenient and potentially more affordable way to buy used cars.

Recommendations on Who Would Benefit Most from the Company’s Offerings

Individuals looking for a convenient and cost-effective way to purchase used cars may benefit from Autoquake’s services. Here are some specific groups that may find Autoquake's offerings particularly attractive:

  • Budget-conscious buyers: Autoquake's direct-from-fleet model can often lead to lower prices compared to traditional dealerships.
  • Time-strapped individuals: Autoquake's online platform offers a convenient and efficient way to browse and compare cars from the comfort of home.
  • Tech-savvy consumers: Autoquake's user-friendly website and online services appeal to those who prefer a digital experience.

Frequently Asked Questions about Autoquake

Here are some frequently asked questions about Autoquake:

What types of cars does Autoquake offer?

Autoquake offers a wide range of used cars, including popular models and makes, across different price points. The company's inventory is updated regularly, so you're likely to find a car that meets your needs and budget.

How does Autoquake's pricing compare to traditional dealerships?

Autoquake's direct-from-fleet model often results in more competitive pricing compared to traditional dealerships. By cutting out intermediaries, the company can pass on savings to consumers.

What guarantees or warranties do Autoquake cars come with?

While specific details vary depending on the individual car, Autoquake offers various guarantees and warranties, such as extended warranties and finance options. You can find more information about specific guarantees and warranties for individual vehicles on the Autoquake website.

What if I need financing for my car purchase?

Autoquake provides financing options through reputable lenders. You can apply for financing directly on the Autoquake website, and the company can assist you with the process.

Can I get a test drive?

Yes, Autoquake offers test drives for most of its vehicles. You can schedule a test drive online or contact Autoquake customer service to arrange a time and location.

How does Autoquake's delivery service work?

Autoquake offers nationwide delivery services for your purchased car. The company handles the transport logistics and ensures the car arrives safely and securely at your chosen location.

Is Autoquake a reliable company?

Autoquake has been in operation since 2010, and it has a solid reputation in the UK used car market. The company is known for its transparent practices, competitive pricing, and commitment to customer satisfaction.

Where can I find more information about Autoquake?

You can find comprehensive information about Autoquake on its website, including details about its services, available cars, and customer reviews. The company also has active social media pages where you can stay updated on latest offerings and promotions.

In conclusion, Autoquake provides a viable alternative to traditional dealerships for consumers seeking a convenient and potentially more affordable way to buy used cars. The company's online platform offers a wide selection of vehicles, competitive pricing, and a range of services to simplify the car-buying process.

References

[1] https://www.bloomberg.com/profile/company/8662430Z:LN

[2] https://uk.linkedin.com/company/autoquake

[3] https://find-and-update.company-information.service.gov.uk/company/05539279

[4] https://find-and-update.company-information.service.gov.uk/company/05539279/filing-history

[5] https://www.cbinsights.com/company/autoquake

Key Takeaways:

  • Autoquake is a UK-based online car supermarket specializing in selling used cars directly from fleets to consumers.
  • The company aims to provide competitive pricing and a streamlined buying experience by eliminating traditional dealership markups.
  • Autoquake offers a range of services, including delivery, test drives, finance, and extended warranties.
  • The company's online platform provides a convenient and user-friendly way to browse and purchase used cars.
  • Autoquake is a suitable option for budget-conscious individuals seeking a convenient and potentially more affordable way to buy used cars.
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