AUTO1 Group SE: Autohero opens first in-house Production Center in Germany
AUTO1 Group SE: AUTO1.com expands partnership with Volvo
Berlin, 20 October 2021
- Registered Volvo dealers in Germany can now digitally evaluate trade-ins even more easily via the native AUTO1 EVA app and sell them via AUTO1.com.
- Through this cooperation, AUTO1 Group gains another sourcing channel and thus strengthens its offering on the digital platforms.
Berlin, 20.10.2021 - AUTO1.com, Europe's largest wholesale platform for used cars and part of AUTO1 Group SE, integrates the jointly developed "Volvo-Kauft-Ihr-Auto” (Volvo buys your car) program into the native AUTO1 EVA app. The offer to purchase used cars is a joint effort between Volvo Car Germany GmbH and AUTO1.com. As a partner of the Swedish premium manufacturer, AUTO1.com provides the technologies and B2B market price calculations with the AUTO1 price indicator to evaluate used cars. Through this cooperation, AUTO1 Group gains another sourcing channel for trade-ins and leasing returns.
In addition, registered Volvo partners have full access to a wide range of remarketing services. These include the AUTO1 Price Indicator, mobile evaluators, logistics services, and fully digital and mobile auction management.
Volvo partners are digitizing the purchase and sale of trade-ins by allowing customers to request a price for their trade-ins via volvocars.com and then book an appointment with the local dealer. Using the AUTO1 EVA app, the Volvo dealer can document the trade-in at the on-site appointment and, after the purchase, directly sell it to over 60,000 dealers across Europe at the touch of a button via AUTO1.com. Vehicle inspection, primarily through simplified but detailed damage, photo, and video recording, is now possible in under 15 minutes. With just a few clicks, the vehicle is digitized and ready for a Europe-wide auction. With precise vehicle documentation, the user-friendly app offers high data quality and direct access to B2B vehicle trading across Europe. Trade-ins, especially of other brands, can thus be marketed to the AUTO1.com dealer network of over 60,000 partner dealers across Europe with significantly shorter inventory days, entirely digitally and for the best prices.
"By partnering with Volvo, we are establishing a purchasing channel that will enrich our network. As a result, even more, high-quality trade-ins and leasing returns will be available on our platforms. In addition, we are expanding our cooperation with authorized dealers and making our remarketing technologies available to car dealerships throughout Germany and Europe. The aim is to digitize sales and purchase processes. Our logistics solutions complete the holistic service offering so that car dealerships can fully focus their time and resources on their core business that is important to them," says Jost Dieckhaus, VP Remarketing Europe AUTO1 Group.
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.
For more information please visit www.auto1-group.comContact
Director Corporate Finance
Phone: +49 (0)30 - 2016 38 213
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.
Philip Reicherstorfer, Director of Corporate Finance
Director of Corporate Finance