Press Release

AUTO1 Group SE: Autohero secures in-house production capacity of up to 18,000 cars in Belgium

Berlin, 06. Mai 2022

• The in-house production site allows Autohero to respond to the rapidly increasing demand
• Production capacity of approx. 18,000 vehicles per year at full capacity
• More than 230 new jobs expected to be created at Autohero

Berlin, 06. May 2022 – AUTO1 Group, Europe's leading digital automotive platform for buying and selling used cars online, announces today the signing of a rent agreement for a production center in Ghislenghien (Belgium), for the purpose of reconditioning used cars for Autohero. Bringing used car production in-house allows Autohero to fully control each step of the process, which will lead to a faster and more efficient production process.

With available space of 35.000 m² which is operated by our current main logistics partner GEFCO, the production center will add up to 18,000 cars annual production capacity. The Production Center is closely linked to the majority of our WKDA purchase branches in Belgium, which allows to save logistic costs and to expand the number of parking spaces flexibly. Autohero thus takes another major step in further vertically integrating its production process.

Following the production process, sold cars will be dispatched to our delivery hubs and locally sold cars will directly be picked up by our glass trucks and delivered to customers. To meet Autohero’s superb quality standard, the production center will create more than 230 new jobs for car specialists across different steps of the production. Such steps include quality control, followed by reconditioning, cleaning, as well as capturing photos & videos to ensure maximum transparency on the customer’s end.

Christian Bertermann, CEO and co-founder of AUTO1 Group: "​​We are very impressed by the continued increase in customer demand. We're seeing tremendous interest from customers to buy their next car entirely online and take full advantage of the outstanding Autohero buying experience. With our own production center in Belgium, we have reached another important milestone in creating the ideal conditions for further growth of our Autohero retail business.”

About Autohero
Autohero, the fastest growing online seller for used cars in the European Union, is a brand of AUTO1 Group and enables its customers to buy used cars conveniently, safely and individually. The company offers vehicles from its own inventory and sells them with the world-class Autohero quality standard. Buyers benefit from free delivery of the vehicle directly to their front door or optionally to a pick-up location near the customer. In addition to a 21-day money-back guarantee, all vehicles come with a one-year warranty.

About AUTO1 Group
Founded in 2012, AUTO1 Group is a multi-brand technology company that is building the best way to buy and sell cars online. Its local European consumer brands like wirkaufendeinauto.de offer consumers the fastest and easiest way to sell their car. Its merchant brand, AUTO1.com, is Europe’s largest wholesale platform for car trading professionals. With its retail brand Autohero, AUTO1 Group is using its technology, scale and operational excellence to develop the best consumer experience to buy a car online. AUTO1 Group is operating in over 30 countries. Following its successful IPO in February 2021, the group’s shares are trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the trading symbol AG1 and the ISIN DE000A2LQ884.

For more information please visit www.auto1-group.com

Investor Relations Contact
Alexander Enge
Senior Manager Investor Relations
Phone: +49 (0)30 - 2016 38 213
Email: ir@auto1-group.com

Media Contact
Knut Engelmann
Kekst CNC
Phone: +49 174 234 2808
Email: Knut.Engelmann@kekstcnc.com

AUTO1 Group SE | Bergmannstrasse 72 | 10961 Berlin | Germany

This publication contains forward-looking statements based on current views and assumptions of AUTO1 Group’s management and made to the best of such management’s knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause AUTO1 Group’s revenues, profitability or the degree to which it performs or achieves its targets to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. AUTO1 Group accepts no guarantee or responsibility regarding forward-looking statements and will not adjust them to future results or developments.