Sustainable mobility firm Arval has signed a deal to provide leasing options for the new and used car platform YesAuto which launched in the UK in early 2020.

The partnership with Arval will enable YesAuto to add more than 170,000 car leasing deals to its existing platform.

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Libo Bian, head of product development at YesAuto, said: “Having the right partners is absolutely crucial for us to continue providing a best-in-class user experience. Working with Arval UK means we are now able to give our users the flexibility and options that they need and deserve, instead of being limited to traditional buying options that are not always adapted to them.”

Paul Hyne, commercial director at Arval UK, added: “With its strong presence in China, we are pleased to establish a partnership with YesAuto as it enters the UK car leasing market for the first time. It enables us to take our exclusive lease deals direct to a wide range of consumers through its intelligent online platform and app, which during the global pandemic we’re facing is the new normal for leasing or buying a car today.”

YesAuto is the European arm of Autohome, the online car sales portal in China with an 80% market share and 750m page views a day. The company also operates in Germany, with plans expand to other regions.

Since April 2020, YesAuto has grown quickly attracting 1.1m unique visitors and listing 135,000 vehicles from 1,800 retailers by September of the same year.

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Currently Arval UK funds a fleet of more than 175,000 vehicles in the UK and is part of the Arval Group which leases almost 1.4 million vehicles in 30 countries around the world.

Libo added: “Our aim is always to give our users the best possible experience. Working with Arval to offer car leasing means we can continue to be market leaders in that respect.”