The Competition and Markets Authority (CMA) has officially cleared the merger between Constellation Developments Limited and ABVR Holdings Limited, which operates under the British Car Auctions (BCA) brand. This decision follows an in-depth phase 2 investigation conducted by an independent inquiry group.

BCA and Aston Barclay both provide used vehicle auction services primarily to large national business vendors and buyers. The inquiry group examined concerns regarding potential reductions in competition within the UK market due to the merger.

During the investigation, the CMA assessed the likely market conditions if the merger did not proceed. The inquiry group concluded that Aston Barclay would likely close, leading to a sale of its assets to buyers who would not compete effectively with BCA. This outcome indicated that the competitive pressure from Aston Barclay would be lost regardless of the merger.

Consequently, the inquiry group determined that the merger could proceed without substantially reducing competition in the market. Cyrus Mehta, chair of the inquiry group, emphasized that a comprehensive review of evidence led to this conclusion.

This decision marks the conclusion of the CMA's investigation into the merger, allowing Constellation to solidify its position as the largest provider of B2B used vehicle auction services in Great Britain.