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.
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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