VWFS continues partnership with Epyx in five year remarketing deal

Volkswagen Financial Services (VWFS) has signed a new five year deal with Epyx to remarket all its vehicles as they reach the end of their lease periods.

The deal covers all VW Group brands, including Audi, Bentley, Cupra, Lamborghini, Porsche, Skoda, Seat, Volkswagen and Volkswagen Commercial Vehicles.

Epyx’s 1link Disposal Network will connect with systems used by VWFS and VW Bank, as well as with VW’s franchise network retailers.

The deal continues a partnership between Epyx and VWFS that first began 14 years ago and has facilitated the remarketing and sales of nearly 600,000 vehicles.

Neil Weddell, head of remarketing at VWFS, said: “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.” 

Tim Meadows (pictured), chief commercial officer at Epyx, said the partnership with VWFS is one of the longest-standing commercial relationships at the company.

He said: “1link Disposal Network provides the means for VWFS to dispose of its 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.”

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 through digital channels between vendor and buyer, either by returning the vehicle or agreeing on compensation.