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heycar

Online marketplace for quality used cars

Overview

Heycar is an online marketplace for buying and selling quality used cars. It connects individual buyers with a network of trusted dealerships, curating listings so each car meets high standards of reliability. The platform provides detailed vehicle histories and customer reviews to inform decisions. Revenue comes from transaction fees and partnerships with dealerships. How it works: shoppers browse listings from partner dealers on Heycar, access comprehensive histories and reviews, and use the platform to contact dealers and complete transactions. Dealers benefit from a vetted audience and a transparent selling process, while buyers gain clarity and confidence in their purchases. How it stands apart: rather than a broad classifieds site, Heycar focuses on quality, transparency, and a trusted dealer network to reduce risk for buyers. Its goal is to simplify finding reliable used cars and improve the overall buying experience.

Significant Headcount Growth

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About heycar

Simplify's Rating
Why heycar is rated
D-
Rated D+ on Competitive Edge
Rated D- on Growth Potential
Rated D- on Differentiation

Industries

Automotive & TransportationConsumer Software

Company Size

51-200

Company Stage

Early VC

Total Funding

$70M

Headquarters

Berlin, Germany

Founded

2017

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Simplify's Take

What believers are saying

  • VWFS UK launched Drive on 2026-10-03, preserving heycar’s UK traffic and tooling.
  • VWFS plans a new subsidiary to absorb heycar technology and specialist staff in 2026.
  • Embedded insurance with Wrisk still packages car search, finance, and cover in one checkout.

What critics are saying

  • VWFS confirmed heycar shutdowns in Germany by May 2026 and the UK weeks later.
  • France entered liquidation after mid-2025 closure, cutting heycar’s last remaining continental market.
  • Heycar’s brand death eliminates the marketplace; only technology survives inside VWFS subsidiaries.

What makes heycar unique

  • VWFS backed heycar with OEM-grade financing and dealer access across Volkswagen Group brands.
  • The platform built used-car listings, reviews, and buy-flow tools for dealer inventory.
  • Heycar’s technology now powers Drive, showing reusable marketplace infrastructure, not just a brand.

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Funding

Total Funding

$70M

Above

Industry Average

Funded Over

0 Rounds

Benefits

  • Competitive salaries
  • Pension contribution of 5%, when you contribute 3%
  • We work flexibly, in the office or at home, and trust our team to get the job done
  • When you join heycar you’ll get an allowance to set up your home-working space
  • Choose your own tech - join the Apple vs Microsoft debate!
  • 28 days holiday plus Bank Holidays and your birthday
  • Extra day of holiday when you refer someone who’s hired at heycar
  • Private medical insurance from AXA
  • Critical Illness Cover
  • Annual subscription to FIIT fitness app
  • Access to online mental health support via Spill
  • Cycle to Work Scheme worth up to £1,000

Growth & Insights and Company News

Headcount

6 month growth

10%

1 year growth

7%

2 year growth

10%
AIM Group
May 5th, 2025
VW Financial to shut down HeyCar in Europe - AIM Group

Volkswagen Financial Services, the majority owner of HeyCar, is shutting it down. The business was launched in 2017 to compete with AutoScout24, Mobile.de and other European automotive marketplaces. It will close in Germany in May, and in the U.K. in the next few months.

Coverager
Apr 18th, 2022
Heycar Partners With Wrisk

The two will launch an embedded car insurance offering – heycar motor insurance. The post heycar partners with Wrisk appeared first on Coverager - Insurance news and insights.

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