Exchange & Mart owned by Newsquest, a regional newspaper publisher, said February would be its last month. There are reports that there will be 80 possible redundancies.

Exchange & Mart was bought by Newsquest in September 2005 from United Business Media as part of a £50.25m deal that also included Auto Exchange.

Newsquest is expected to focus its efforts on exchangeandmart.co.uk, the tenth most popular automotive classified websites in the UK according to Hitwise.

Hitwise’s top ten automotive classifieds for the month of December 08:

Auto Trader UK, www.autotrader.co.uk 37.52%

eBay Motors UK, www.ebaymotors.co.uk 18.07%

MSN Cars UK, cars.uk.msn.com 3.49%

Parker’s, www.parkers.co.uk 3.05%

eBay Motors, www.ebaymotors.com 2.96%

MCN, www.motorcyclenews.com 1.66%

Motors.co.uk, www.motors.co.uk 1.55%

Car and Classic UK, www.carandclassic.co.uk 1.40%

Trovit Cars, cars.trovit.co.uk 1.33%

Auto Exchange & Mart, www.exchangeandmart.co.uk 1.20%

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Posted: 01|11|09 at 10:33 am. Filed under: Media News.