iMotors,
the USA’s first used vehicle etaile founded in 1999, has announced on its website
that it has ended operations “due to a lack of sufficient capital to continue
to grow the business”.
The company gave an 800 number allowing customers who had placed deposits to
apply for refunds.
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The website also said that warranties would remain valid and be operated by
Fidelity Insurance.
The
website signed off by wishing customers: “May you never get a flat tyre or run
out of fuel.”
Meanwhile, Associated Press reported that the closure meant that San Francisco-based
iMotors.com’s vehicle reconditioning centre in Ohio would shut down.
The company had previously said that its West Chester operation eventually
would employ 900.
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By GlobalData
AP said that iMotors leased the former AutoNation vehicle reconditioning centre
just north of Cincinnati a year ago to serve as a beachhead for expansion on
the East Coast.
The 187,000-square-foot reconditioning centre, on 25 acres, initially employed
about 100 technicians, AP added.
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