Smart Transport

Renault takes stake in used car sales platform heycar

Renault Group logo

Renault Group and its subsidiary RCI Bank and Services have acquired an equity stake in Mobility Trader Holding GmbH to contribute to the development of the heycar used car sales platform.

Smart Transport member Renault said it intends to support the launch of the platform in France and says the acquisition will strengthen its presence in the used car ecosystem through a “high-quality digital experience”.

RCI Bank and Services will offer financing and services adapted to the specificities of used vehicles and to customers' needs, for each vehicle put online by Renault Group dealers.

Luca de Meo, CEO of Renault Group, said: “We are very pleased with this project with heycar, which in just a few years has become a key player in the online distribution of used vehicles. This agreement is in line with Renault Group’s strategy to increase value creation at each stage of the vehicle life cycle.

“In line with the Re-Factory - the project to convert the Flins plant into a dedicated site for circular economy of mobility - through this partnership we intend to strengthen the competitiveness of our sales network across the entire used vehicle value chain: from procurement to aftersales, including reconditioning, marketing and sales of financing and services.”

The online used car sales platform, heycar, originally owned by Volkswagen AG and Daimler launched in 2017 in Germany.

The platform has been operational in the United Kingdom since 2019 and launched in Spain last year.

Renault expects to complete its acquisition in the fourth quarter of 2021.

The group has announced the measures it intends to take to achieve carbon neutrality in Europe in 2040 and worldwide in 2050 in a report, 'On the road to carbon neautrality'.

Renault has also launched a new brand to help accessibility to EV charging facilities.

Our next event: Exploring the roadmap to decarbonising transport by 2050

During a transformational time for transport, the sector must align investment and policy in response to ongoing decarbonisation ambitions, the need for more efficient living and better health, as well as changes brought about by the Covid-19 pandemic.

Join senior public and private sector transport leaders as we reunite IN-PERSON this November to:

  • Hear the latest thinking on Government policy
  • Better understand the latest smart transport technologies, innovations and applications
  • Get the most up-to-date advice and plans on tackling transport emissions
  • Participate in pivotal discussions leading the sector forward
  • Access exclusive thought leadership
  • Gain and share best practices on responding to changes fuelled by the pandemic
  • Engage with senior transport decision-makers through debates and live Q&As

Register now



Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Related content