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AUTO1 Price Indicator wins 2021 Car Remarketing Award from Fleet Europe
Berlin, 11 November 2021
Berlin, 11.11.2021 - AUTO1.com, Europe's largest wholesale platform for used cars, won the 2021 Car Remarketing Award of Fleet Europe with its truly innovative AUTO1 Price Indicator tool on November 9th. The game-changing AUTO1 Price Indicator supports our remarketing partners in determining the price of the car they want to sell within just five minutes. Together with the AUTO1 EVA app for the inspection of used cars, AUTO1.com fully covers the digital value chain of used cars. The AUTO1 Price Indicator tool strongly increased the conversion rate and enabled the AUTO1 Group to source significantly more cars.
The AUTO1 Price Indicator increases the efficiency of remarketing processes by offering car sellers the opportunity to get a price estimation of their cars, like trade-ins, within five minutes via our smartphone app or website.
The essential vehicle data, including the equipment details, are automatically imported by entering the vehicle identification number (VIN). If available, sellers can also upload damage reports and photos using simple drag & drop. Then, the seller can request a price for each trade-in via the AUTO1.com website or AUTO1 EVA App with just a click. Once car sellers get their price estimations, they can choose to finish the car evaluation and put their car on auction on our platform where over 60,000 buyers across 30 countries bid on it in real-time. Thanks to its wide European reach, AUTO1.com can offer market-leading prices for sellers. The AUTO1 Price Indicator allows the seller to configure a trade-in margin, which can be deducted in advance and the sales agents can directly present the final price to the consumer.
The price is based on the current market situation, real-time bidding behavior in 30 countries, as well as data from more than 2,5 million cars sold Europe-wide by AUTO1.com. AUTO1 Group is by far the largest trading platform in Europe.
This process allows car sellers to reduce their inventory days by selling their cars within 24 hours and creates an advantage in residual value positioning. For fleet companies, the AUTO1 Price Indicator is a faithful ally in understanding better when to renew their fleet, based on the market value of their cars. Fleet owners can defleet cars more flexibly based on the prices instead of sticking to static holding patterns.
“I am very proud of all the different teams that worked on this product. Also, it makes me happy that our partners love this tool and optimize their used car business on a daily basis. With the AUTO1 Price Indicator, car dealers turn potential trade-ins into actual transactions. At first, trade-ins are capital-intensive and involve a stock risk. With AUTO1.com car dealers make faster purchase decisions and optimize their trade-in strategy. Additionally, fleet managers increase the efficiency of the defleeting process and optimize the sale price for cars due to choosing the optimal time to defleet.", says Jost Dieckhaus, VP Remarketing Europe at AUTO1 Group.
The Price Indicator is free and is currently available in 13 markets: Germany, Austria, France, Italy, Spain, Portugal, Netherlands, Belgium, Luxemburg, Sweden, Finland, Denmark, and Poland.
AUTO1.com is Europe’s largest wholesale platform for used cars. More than 60,000 partner dealers in over 30 countries actively digitize their used car business with AUTO1.com technologies and services. Buyers have access to a cross-brand inventory of over 30,000 inspected used cars. Sellers, including dealers, manufacturers, leasing, and rental car companies, have the opportunity to market vehicles digitally to the entire dealer network. Our Europe-wide logistics network with more than 300 logistics partners enables fast international trading at competitive prices. All services are available to our partners 24 hours a day, seven days a week, without hidden fees, or minimum purchase or sell requirements. Further information can be found at www.AUTO1.com.
AUTO1.com GmbH is part of AUTO1 Group SE, a multi-brand technology company that is building the best way to buy and sell cars online. AUTO1 Group SE, headquartered in Berlin, is active in more than 30 countries and achieved revenues of 2.83 billion Euros in 2020.
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 and achieved revenues of €2.83 billion in 2020. 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.
Contact Philip Reicherstorfer Director Corporate Finance Phone: +49 (0)30 - 2016 38 213 Email: firstname.lastname@example.org
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.
Director of Corporate Finance
AUTO1 Group Bergmannstraße 72 10961 Berlin Germany