Leasing giant Ayvens has launched Ayvens Carmarket, its newly rebranded used car remarketing platform.

Aimed at professional car traders and dealers, Ayvens Carmarket sells used vehicles across 38 countries from its leasing business, which equates to 3.4 million multi-brand vehicles.

Ayvens was created after ALD completed its £4.1bn (€4.8bn) acquisition of LeasePlan by a consortium led by TDR Capital in May 2023

It brought together two of the UK’s biggest leasing companies to take top slot in last year’s FN50 with a risk fleet of 313,149 cars and vans.

Ayvens continues to be called ALD LeasePlan in the UK with rebranding expected to take place later this year

The rebranding of the remarketing business, says Ayvens, reaffirms the integral role it plays in supporting the Group’s business model by selling vehicles as they come off-lease and contributing to its development strategy.

Professional buyers have seamless access to Ayvens’ ex-lease stock, which includes an expanding range of electric vehicles (EVs), through online auctions, cross-border bucketing features across multiple geographies and digital sales.

With a vehicle sold every minute, all vehicles are professionally appraised and available with detailed descriptions, traceability, usage and maintenance records for quality assurance, says Ayvens.

It traded the majority of the half a million used vehicles sold in 2023 through its proprietary online platform.

“Ayvens Carmarket fully illustrates Ayvens’ mission to drive sustainable mobility in our industry, as it promotes the circular economy by extending the life of vehicles and recycling,” said Guillaume de Léobardy, chief remarketing officer at Ayvens.

“Our goal is clear. We aim to help our customers drive the change toward sustainable growth, with better cars, everywhere.

“With unmatched geographic coverage, competitive pricing, and comprehensive services, we empower professional car traders and dealers and help them make informed purchasing decisions.”