Used car selling giant with 91,000 motors to close in weeks over ‘heavy losses’ with staff facing axe

A HUGE used car dealership, with 91,000 motors for sale, is set to close within weeks, after suffering heavy losses.

Heycar, has been operating in the UK since 2019, and hoped to become a competitor to Auto Trader and Motors.

HeycarHeycar launched in the UK in 2019[/caption] The used car dealership has suffered heavy losses in recent years

However, the German online marketplace made a £22.4 million loss in 2023 and a £30 million loss in 2022, with the company’s annual...