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: register now

Smart Transport Conference November 22 LondonRegister today for our November 2022 conference

SAVE THE DATE – the next Smart Transport Conference will take place on November 22 at etc.venues, London.

Book now to reserve your place.

This a must-attend event for anyone who wants to understand how the public and private sectors can work together to achieve transport policy.

2021 conference video highlights

Register to attend



Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Related content




Office Address
  • Smart Transport
    Media House
    Lynch Wood
    Peterborough
    PE2 6EA
Join the community
  • Smart Transport is the UK's most important brand to bring together senior public policy makers and influential private sector leaders to showcase real-time solutions aligned to government policy.
  •  
  • Find out more
  • Insight
  •  

 

Welcome to Smart Transport

Welcome to the Smart Transport website, keeping you up-to-date with the latest news, insight and reports from policymakers and thought leaders.

The Smart Transport brand connects policy to solutions by bringing national government and local authority policymakers together with private sector organisations.

Contact Lindsay Greatbatch for more information.

© Bauer Consumer Media Ltd
Media House, Lynch Wood, Peterborough, PE2 6EA - Registered number 01176085 IPSO regulated logo

 

Smart Transport members

Smart Transport board members

 

Please note:
By submitting any material to us you are confirming that the material is your own original work or that you have permission from the copyright owner to use the material and to authorise Bauer Consumer Media to use it as described in this paragraph. You also promise that you have permission from anyone featured or
referred to in the submitted material to it being used by Bauer Consumer Media. If Bauer Consumer Media receives a claim from a copyright owner or a person
featured in any material you have sent us, we will inform that person that you have granted us permission to use the relevant material and you will be responsible for paying any amounts due to the copyright owner or featured person and/or for reimbursing Bauer Consumer Media for any losses it has suffered as a result.