Daimler and Volkswagen joining in HeyCar online used vehicle market

Tinuku - German carmaker Daimler will join forces with rival Volkswagen by acquiring a stake of the new "HeyCar" online market for used vehicles. Daimler will take a 20 percent stake in the startup which was founded by Volkswagen in 2017.

However, details of the cooperation between the two automotive industry giants still had to be agreed in ongoing negotiations. A spokesperson for the Volkswagen Financial Services division confirmed that the two companies were currently holding talks about a possible joint venture.

Tinuku Daimler and Volkswagen joining in HeyCar online used vehicle market

Volkswagen has announced that it plans to mount a challenge with HeyCar against well-established car sale portals in Germany like "mobile.de" and "Autoscout.24.de" which each give customers access to several millions of web listings. HeyCar is open to brands other than Volkswagen's own automotive portfolio and currently lists between 200,000 and 300,000 vehicles for sale.

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