ENTREPRENEURIAL brothers Reg and Louis Rix, the owner-manager team behind fast growing online motor finance broker Carfinance247, have acquired the web domain and trade marks of Carcraft for an undisclosed sum.

Outlining their plans for the brand, Reg Rix said: "We intend to re-launch the Carcraft brand as an online used car classified business. The site will be free to advertise on for dealers nationwide and offer consumers an excellent shopping experience with an abundance of choice.

"It will support our Carfinance247 business that, through our partnerships with some of the UK's leading lenders, gives customers the best rates of finance to match their personal circumstances and credit rating. Our acquisition follows a phenomenal year of growth for Carfinance247 and is part of our advancement strategy."

Please check back soon to see our new website.

Reg and Louis acquired the Carcraft brand from Daniel Smith and Joe McLean, both Partners at Grant Thornton UK LLP, the liquidators of CC Automotive Group Limited which traded as Carcraft, the multi-site used car supermarket.

CC Automotive Group Limited ceased trading on 30 April 2015. None of its liabilities have been acquired and any queries relating to it should be directed to: