Auto Trader has terminated its contract to supply a stock feed to MotoNovo ahead of the finance house launching an online used car website later this year called findandfundmycar.com
Auto Trader wrote to MotoNovo cancelling a contract that was signed six years ago with Carlyle Finance before it rebranded to MotoNovo.
As things stand now, a MotoNovo dealer can load stock onto Auto Trader's platform and this feeds into a beta version of MotoNovo's findandfundmycar.com used car website.
Following the termination on 21st July, dealers on findandfundmycar.com will not be able to use Auto Trader to do this and will need to find an alternative. MotoNovo said that it has well developed plans to support dealers to achieve this.