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Volkswagen Financial Services (VWFS) has signed a five-year remarketing deal with epyx.
The epyx 1link Disposal Network will be used to remarket all VWFS vehicles as they reach the end of their lease periods.
It covers all VW brands, including Audi, Bentley, CUPRA, Lamborghini, Porsche, SEAT, Skoda, Volkswagen and Volkswagen Commercial Vehicles.
A range of interfaces means that the platform connects with systems used by VWFS and VW Bank as well as with all VW brand franchise dealers, delivering a high level of process effectiveness.
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 have facilitated the remarketing and sales of nearly 600k vehicles.”
A new feature added to 1link Disposal Network that is being used by VWFS under the five- year deal is the Claims Portal, an online tool that provides the means to resolve any vehicle damage issues quickly and easily through digital channels between vendor and buyer, either by returning the vehicle or agreeing on compensation.
1link Disposal Network has been selling cars to dealers since its formation in 2005.