New motor finance technology partnership with iVendi and YesAuto

James Tew (pictured above), chief executive officer at iVendi, explained: “YesAuto clearly has substantial ambitions for the UK market backed up by hugely impressive success on a global scale. They are a major arrival in the used car sector here.

“In a post-pandemic vehicle market, being able to transact all parts of each purchase almost entirely online is essential to any retailer and, with the help of our technology, YesAuto will make this process easy for consumers.”

Launched in the UK earlier this year, YesAuto has grown quickly, now listing some 135,000 vehicles from 1,800 retailers. Available through both a website and an app, the company connects buyers with dealers and is also the European arm of Autohome, an online car sales portal in China that currently benefits from an 80% market share.

Stuart Palombo, UK sales director at YesAuto, explained: “Having the right technology is a critical part of the user experience for visitors to our portal, which we aim to make as simple as possible. We are very pleased to be working with iVendi on the crucial motor finance elements which form a key part of giving our users the best possible experience.”