PRESS RELEASE
acquire a stake in heycar Group
•
platform “heycar”, present in
•
development of the heycar platform in
online and by contributing to the platform the business assets of Carizy, the French leader
in the intermediation of used vehicle sales between retail customers, which is currently
experiencing rapid growth in
Boulogne-Billancourt and
acquired an equity stake in
platform in
heycar is an online used car sales platform originally owned by Volkswagen AG and by
in
association. The platform is already operational in the
large number of dealer groups of different brands at some 5,000 locations with more than 380,000 vehicles, it
markets quality used vehicles online, sold by professionals to retail customers (B2C).
In a fast-growing used car market marked by digitalization, this acquisition will strengthen Renault Group’s presence
in the used car ecosystem through a high-quality digital experience.
needs, for each vehicle put online by
the French leading start-up in C2C intermediation. Carizy, acquired in 2018 by the
strong growth in sales volumes in
starting in
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 after-sales, including reconditioning,
marketing and sales of financing and services " said
The completion of this acquisition is subject to the conditions normally applicable to this type of transaction,
including the presentation to the respective boards of the involved parties, the employee representative bodies in
authorities. It is expected to be completed in the fourth quarter of 2021.
RENAULT GROUP
PRESS
Yamane Rie
+33 6 03 16 35 20
rie.yamane@renault.com
Agence CLE
+ 33 (0)1 84 16 06 22
rcibspress@agencecle.fr
heycar Group
+49 171 350 2660
chantal.kasper@heycargroup.com
About
its unique expertise in electrification,
sustainable and innovative mobility solutions to its customers. Established in more than 130 countries, the Group has sold 2.9 million vehicles
in 2020. It employs more than 170,000 people who embody its Purpose every day, so that mobility brings people closer. Ready to pursue
challenges both on the road and in competition,
centred on the development of new technologies and services, and a new range of even more competitive, balanced and electrified vehicles.
In line with environmental challenges, the Group’s ambition is to achieve carbon neutrality in
https://www.renaultgroup.com/en/
About
Created and wholly owned by
customers and dealership networks of
group (Nissan, Infiniti and Datsun) mainly in
Mitsubishi Motors in
With 3,800 employees in 36 countries, the group financed over 1.5 million contracts (for new and used vehicles) in 2020 and sold more than
4.6 million services.
At
deposits totaled €20.5 billion, or 43% of the company's net assets.
Find out more about
About the heycar Group:
The heycar Group (
European automotive industry. We have been offering our customers a user-friendly and ad-free online platform for tested used cars of all
classes and well-known makes since 2017. The financing offerings of our partners are deeply integrated into our services. Our goal is to
revolutionize the way people buy and experience cars. We are data-driven and always put our customers at the centre of everything we do.
We operate in
CEO of the heycar Group is
Attachment
- 2021 1409
Renault Group heycar - Release EN VDEF
© OMX, source