Volkswagen's Finance Arm Launches Online Used-Car Platform -Reuters

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Volkswagen's finance division has launched an online platform to sell used cars in Germany, Reuters reports.

--The platform is part of a plan to nearly double the division's portfolio of credit, leasing and insurance contracts to 30 million units by 2025, it says.

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--Volkswagen Financial Services says the HeyCar platform will list higher-margin used cars in the German market, where around 95% of online sales are made via and platforms, according to Reuters.

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October 26, 2017 06:09 ET (10:09 GMT)