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LeasePlan eyes IPO as it launches CarNext.com

LeasePlan is considering an IPO as it launches CarNext.com, a new digital platform offering quality used cars to buy, finance or lease across Europe
LeasePlan image
LeasePlan image

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February 16, 2018

NEWS is getting stronger that LeasePlan is considering a flotation this summer.

Reports in sources such as DutchNews.NL suggest the IPO may be very real, first mooted back in September by Reuters.

The rumours surface after a bullish conference to announce greater profitability and the launch of CarNext.com.

CarNext.com is an online platform offering quality used cars throughout Europe. Consumers can choose to buy, lease or finance a selection of cars.

LeasePlan described it as a disruptive B2C and B2B digital marketplace.

Tex Gunning CEO LeasePlan
Gunning: LeasePlan CEO

However, LeasePlan is positioning itself to not only take advantage of the move towards usership – of new and used cars – but ultimately the move towards subscription services.

LeasePlan CEO Tex Gunning said:

“Looking ahead, we can achieve so much more. There is a clear megatrend from ownership to usership and subscription models taking place in both the new and high-quality used car markets.

“Increasingly, our customers – whether they are corporate, SMEs or private individuals – would prefer a ‘Car-as-a-Service’ with no strings attached in terms of car type or duration. They just want ‘any car, anytime, anywhere’.”

CarNext.com has been launched in the Netherlands; there is no word yet on when it will come to the UK.

 

 

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