Renault: acquires the start-up Carizy

(CercleFinance.com) - Renault today announces the acquisition of the French start-up Carizy, a services company that is specialised in intermediation between private individuals in used-vehicle sales.
The terms of the deal were not specified.

"CARIZY's expertise rounds out Renault's long-standing know-how and sales network in UV sales between professionals (B2B) and between professionals and private individuals (B2C)," Renault said.

The car maker points out that the French market for second-hand cars is estimated at four million vehicles a year, or about two-thirds of the total used car market.



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