Berlin — Volkswagen’s (VW) finance division has launched an online platform to grab a share of used car sales in Germany, as it pursues a goal to almost double its portfolio of credit, leasing and insurance contracts to 30-million units by 2025. Volkswagen Financial Services said on Thursday it had created a platform dubbed HeyCar to list higher-margin pre-owned cars and target the potential in Germany’s used-car market, where about 95% of online sales are carried out through the mobile.de and autoscout24.de platforms. Some analysts say VW is beefing up its used-car sales strategy to counter falling residual values for diesel cars in Germany. A June report by Schwacke, the German division of pricing data provider Autovista Group, showed an increased preference for petrol-powered used cars, with overall diesel residual values dipping below those of petrol this year. Christian Dahlheim, the division’s head of sales, said the HeyCar launch "has absolutely nothing to do" with falling di...
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