Online used car platform “heycar” expands internationally

Online used car platform “heycar” expands internationally

BRAUNSCHWEIG, 15-Aug-2019 — /EuropaWire/ — Successful online used car marketplace “heycar” expands internationally into the United Kingdom. Providing high-quality used vehicles with warranty to used car buyers in England, Wales, Scotland and Northern Ireland at www.heycar.co.uk. The heycar brand operates under Mobility Trader UK Ltd. in the United Kingdom. Mobility Trader UK is a wholly-owned subsidiary of Mobility Trader Holding GmbH and is a sister company of the German Mobility Trader GmbH. Mobility Trader Holding GmbH’s shareholders are Volkswagen Financial Services AG with 80 percent of the shares and Daimler Mobility AG with 20 percent.

Frank Fiedler, CFO of Volkswagen Financial Services AG, comments: “We are pleased that heycar has now taken the first step towards an international expansion. 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 brings greater transparency and trust to the used car market in the UK. Through partnerships with trusted dealers, all major automotive brands are available in heycar. All vehicles offered at heycar are less than eight years old and have done less than 100,000 miles and come with a warranty. Being the second largest used car market in Europe, United Kingdom benefits from heycar’s simpler solution to search for and find their used car, complete with a finance quote, in a seamless online journey.

Mat Moakes CEO of Mobility Trader UK Ltd, added: “The UK used car market, the second largest in Europe after Germany, works inefficiently for buyers and dealers. heycar will disrupt this 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.”

heycar starts in the UK with over 100,000 used cars from nearly 50 brands and as the company expands partnerships with dealer groups across the UK, it will continue to add more vehicles to its platform.

heycar was launched in Germany in October 2017. Currently, around 400,000 vehicles from different brands are available on the platform.

Information for editors

Volkswagen Financial Services key business fields embrace dealer and customer financing, leasing, the bank and insurance business, fleet management and mobility offers. Volkswagen Financial Services have a total of 16,267 employees worldwide – including 7,010 alone in Germany. Volkswagen Financial Services report total assets of around EUR 207.6 billion, an operating result of EUR 2.6 billion euros and a portfolio of around 20.3 million current contracts (as at: 31.12.2018). Volkswagen Financial Services is a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA and Canada that belong directly or indirectly to Volkswagen AG – with the exception of the financial services of the Scania brand and Porsche Holding Salzburg.

For press information:

Marc Siedler (Press spokesman)
Phone: + 49 (0)531 / 212-87675
E-Mail: marc.siedler@vwfs.com
www.vwfs.com

SOURCE: Volkswagen Financial Services

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Scotts Valley, CA | July 25, 2019 – UK automotive designer Gordon Murray has become an iconic master of design over the past decades, from Formula One race cars to the legendary McLaren F1 road car. The announcement of Gordon Murray Automotive’s supercar, the T.50, sent a proverbial shockwave throughout the automotive community. Having consulted on the project in its early phase of concept and development, the Canepa Group has been selected as the exclusive North American representative of the T.50 Supercar.

“Cars are meant to be driven, and this may be one of the most exciting road cars ever designed. I am both honored and excited to be a part of this amazing project.” – Bruce Canepa

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About the T.50
The T.50 is a masterful blend of design, performance and beauty from one of the most storied automotive designers in the modern world, Gordon Murray. Built around a hand-laid carbon fiber monocoque, the T.50 is extremely lightweight even by today’s standards, weighing in at 2,160 pounds. With a bespoke 650 horsepower, Cosworth-designed 3.9-litre V12 that revs to 12,100rpm mated to a special 6-speed manual transmission, the T.50 promises to deliver one of the best driving experiences in history. Fan-assisted aerodynamics, excellent driving dynamics and the culmination of 50 years’ worth of experience together create one of the best driving cars on the planet, bar none. The T.50 marks Gordon Murray’s 50th automotive project and includes design influences from many of his previous projects. Murray says “We expect this to be the last, and the greatest ‘analogue’ supercar ever built.”

Learn more about the T.50 at www.gordonmurraydesign.com.

Gordon Murray Automotive
Gordon Murray Automotive was launched in November 2017. The T.50 supercar will be the first model manufactured by the new company. Alongside production of its own vehicles, Gordon Murray Automotive will manufacture vehicles on a low-volume basis for external customers.

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Gordon Murray Design
Gordon Murray Design is a visionary design and engineering company with its headquarters in Surrey, UK. It was established in 2007 with a focus on developing an innovative and disruptive manufacturing technology trademarked iStream, and has since built a global reputation as one of the finest automotive design teams in the world.

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Professor Gordon Murray, CBE – biography
Gordon Murray was born in Durban, South Africa in 1946 and gained a Mechanical Engineering Diploma from Natal Technical College. He designed, built and raced his own sports car (the IGM Ford) in the National Class in South Africa during 1967 and 1968.

In 1969 Gordon moved to the UK and joined the Brabham Formula One Team as Technical Director, winning two world championships (1981 and 1983) during his 17 years with the team. Gordon joined McLaren Racing as Technical Director in 1988 and three consecutive championship wins (1988, 1989 and 1990) followed. In 1990, Gordon moved away from Formula One – after 50 Grand Prix wins – to concentrate on establishing a new company for the group, McLaren Cars Limited.

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Enquiries:

North America Enquiries:

For media enquiries: zach@canepa.com

For general enquiries: info@canepa.com

Gordon Murray Automotive Enquiries:

For enquiries regarding T.50, please contact: enquiries@gordonmurrayautomotive.com.

For all media and press related enquiries, please contact our Press & PR team: t50media@gordonmurrayautomotive.com.

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