Dutch automotive marketplace Bynco — which allows customers to complete the car buying process online — will be tying up with  Arval Car lease. The latter is owned by the BNP Paribas Group.

Bynco pivoted from a straight-up sales platform to a marketplace in November 2018. It now lists vehicles from 10 dealerships and in the coming months, it’ll add ex-lease vehicles from Arval to its inventory.

“Arval wants a nationwide reach for the sale of its ex-lease vehicles. We want to achieve this with great quality and professionalism,” remarketing director Dick Bakker said.

Bynco director Jeroen Veldman said the company is selective about the parties it invites to its site. “We want to expand the offer on our marketplace but also maintain quality and value for the consumer looking for a new vehicle.”

Bynco is a part of the AutoBinck Group, a Dutch family company with 65 subsidiaries and 1,600 employees in Europe.  The company generates an annual turnover of €985 million ($1.1 billion U.S.)

 

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