Heycar announces leadership changes

Car buying site heycar has announced changes to its leadership team in order to further accelerate its growth in the UK and across Europe.

Karen Hilton, who joined the business in 2019 as chief commercial officer, is now promoted to chief executive officer following a six-month planned transition, while Mat Moakes, heycar UK’s CEO from its launch in 2019, moves to a new role as CCO in heycar Group.

This will facilitate the rapidly growing online marketplace’s push into markets, following successful launches in Spain, France and the Netherlands in the past 18 months alone.

Hilton said: “In the three years we’ve been operating we’ve faced a pandemic, a structural change in the supply network, and now the UK faces the economic headwinds of a recession. So, if there’s one challenge to expect from my role as CEO, I know it’ll be continuing to weather the ongoing uncertainty and ambiguity. The automotive and tech industry, however, has also gone through pivotal changes since the Covid pandemic – the way we work and the way we consume goods have changed and that change is here to stay.

“With all these changes comes opportunity such as the potential for new routes to market – we’ve already seen our eCommerce business grow sixfold since the end of 2021 showcasing that some people are 100% ready to buy a car online – but also the opportunity to work differently and attract new talent to heycar. To face this head-on, we’ll continue to be bold, take risks on new trends and set ourselves apart from the incumbents in the industry.”