VW-backed used car marketplace launches in UK

Heycar launches in UK

Fresh from its launch in Germany in 2017, the Heycar used car online marketplace has gone live in the UK.

Heycar is a brand owned by Mobility Trader Holding GmbH, whose shareholders are Volkswagen Financial Services AG and Daimler Mobility AG.

Around 100,000 used cars are already available on the site, all with no more than eight years on the road and 100,000 miles on the clock. Most cars follow the manufacturer’s approved used car standard, with others using the AA’s 128-point vehicle check.

As a bare minimum, all cars come with at least 30 days’ warranty.

‘First step towards an international expansion’

Heycar in Germany

“We are pleased that Heycar has now taken the first step towards an international expansion,” said Frank Fiedler, CFO of Volkswagen Financial Services AG.

“Following the positive reception of Heycar in Germany, we now want to serve dealers and customers in the United Kingdom just as successfully and thus further expand our used car business.”

Heycar says it will continue to add more vehicles to the platform as it expands its dealer network and will offer cars from nearly 50 brands. In Germany, around 400,000 vehicles are available online.

In effect, Heycar operates as a ‘middleman’ between certified dealers and the general public. Private individuals or dealers selling older cars are unable to use Heycar – this is a site for warrantied nearly-new vehicles.

‘Disrupt the industry’

Chevrolet Spark

Mat Moakes, CEO of Mobility Trader UK Ltd, a wholly-owned subsidiary of Mobility Trader Holding GmbH, said: The UK used car market, the second largest in Europe after Germany, works inefficiently for buyers and dealers.

“Heycar will disrupt the industry through a simple, tech-led proposition and will take market share from the incumbents to become the number one site for high quality used cars in the UK.”

Of the 98,830 cars available now, the cheapest is a 2012 Chevrolet Spark with 53,746 miles on the clock – yours for £2,390. At a cool £1,195,000, a 2015 Porsche 918 Spyder is the most expensive vehicle, followed by a 2017 Aston Martin Vanquish for £624,950.

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