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CMA publishes issues statement as part of phase 2 of the Copart / Hills Motors merger inquiry

On 13 January 2023, the Competition and Markets Authority (CMA) published an issues statement as part of its Phase 2 investigation into the completed acquisition by Copart, Inc. of Green Parts Specialist Holdings Ltd (Hills Motors). 

CMA publishes issues statement as part of phase 2 of the Copart / Hills Motors merger inquiry pThe issues statement sets out the scope of the inquiry. It outlines initial theories on what might be adversely affecting competition, but it does not set out findings or conclusions. 

According to the issues statement:

  1. In exercise of its duty under section 35(1) of the Act, the CMA must decide:

(a) whether a relevant merger situation has been created; and

(b) if so, whether the creation of that relevant merger situation has resulted, or may be expected to result, in a substantial lessening of competition (SLC) within any market or markets in the United Kingdom (UK) for goods or services.

The purpose of the issues statement is to set out the main issues the CMA are likely to consider in reaching a decision on the SLC question (2(b) above), taking into account the evidence available to the CMA to date, including the evidence obtained in the CMA’s phase 1 investigation, and further evidence that will be obtained during the phase 2 investigation. This does not preclude the consideration of any other issues which may be identified during the course of the CMA’s investigation.

The deadline for submissions on the issues statement is 5 pm on Friday 27 January 2023.

Click here to read the issues statement 


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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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