24 Aug 18

Volkswagen in talks to sell stake in used-car platform Heycar to Daimler

Daimler is in advanced talks with Volkswagen to buy a stake in Heycar, a used-car platform set up last year by Volkswagen, Handelsblatt reported on Wednesday.

Daimler is seeking a 20% stake in talks that could lead to an announcement next week, Handelsblatt reported, citing unnamed sources.

Heycar was founded in October 2017 and has around 300,000 cars on offer. It competes with German market leader mobile.de and its rival Autoscoot.24.

Image source: Heycar

Authored by: Benjamin Uyttebroeck