Volkswagen Financial Services (VWFS) has signed a new five-year remarketing deal with Epyx, building on the firms’ longstanding partnership.
VWFS will continue to use the Epyx 1link Disposal Network to remarket all its vehicles at the end of their lease periods, spanning Volkswagen Group brands from Škoda, Volkswagen and Volkswagen Commercial Vehicles, to Audi, Bentley, Lamborghini and Porsche.
Tim Meadows, chief commercial officer at Epyx, said: “We’re very pleased to sign this new deal with VWFS, continuing a partnership that first began 14 years ago and which is one of the longest-standing commercial relationships at Epyx.
“1link Disposal Network provides the means for VWFS to dispose of their vehicles through a range of channels from direct sales to franchise dealers to physical auctions, providing a high level of control and efficiency while maximising values. Through this partnership, Epyx has facilitated the remarketing and sales of nearly 600k vehicles.”
Thanks to a range of interfaces, the 1link platform connects comprehensively with systems used by VWFS and VW Bank as well as with all VW brand franchise dealers, streamlining processes.
VWFS will also make use of the new Claims Portal, which enables vehicle damage issues to be resolved quickly and easily through digital channels between vendor and buyer, either by returning the vehicle or agreeing on compensation.
Neil Weddell, head of remarketing at VWFS, added: “While we went out to market as part of a competitive tender, 1link Disposal Network was clearly the best solution available for us in the final analysis, allowing us to handle our remarketing needs easily and systematically, with a high level of useability and integration that works well for us and for our vehicle buyers.”
