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AUTO1 Group accelerates growth in 2017
Berlin, 5. April 2018
AUTO1 Group, Europe's leading car trading platform, grew its 2017 revenue by 47% to €2.2 billion (2016: €1.5 billion). The Berlin-based tech company traded a total of more than 420,000 used vehicles via its platforms AUTO1.com, wirkaufendeinauto.de and Autohero in 2017. AUTO1 Group thus increased its sales volume by more than 40% from the previous year (2016: 300,000 used cars traded).
Wirkaufendeinauto.de, Europe's leading specialist for the purchase of used cars, further expanded its branch network in 2017. Customers currently can get an estimate for and sell their used vehicles at more than 350 branches across Europe. In addition, AUTO1.com, the Group's B2B arm, has expanded its dealer network to more than 40,000 partners. Meanwhile, the Group expanded its presence to Norway, Greece, Albania, Bosnia, Croatia, Macedonia, Montenegro and Serbia.
"AUTO1 Group continued to develop very successfully in 2017. We are extremely satisfied with our strong organic growth, both in terms of sales and the expansion of our on-site presence. Our customers’ satisfaction is and will remain the basis of our success and the top priority for the entire AUTO1 team. We will continue to work on making selling and buying used vehicles easier, more transparent and more trustworthy," says AUTO1 Group Co-CEO Christian Bertermann.
AUTO1 Group continues on its successful course in 2018. In January the company won a new investor, SoftBank Vision Fund, which invested €460 million in AUTO1 Group. AUTO1 Group plans to use the capital for its further growth and international expansion.
"With SoftBank we have a new strategic partner and investor on board who shares our vision of connecting the world’s supply and demand for mobility. The Vision Fund’s deep investment and technology expertise will support our continued growth," says AUTO1 Group Co-CEO Hakan Koç.
About AUTO1 Group
Founded in 2012, AUTO1 Group is Europe’s leading car trading platform. As an independent multi-brand platform, AUTO1 Group is aimed primarily at the used car trade and offers over 40,000 professional partners the opportunity to access a diversified portfolio of more than 40,000 vehicles. By connecting buyers and sellers through technology the company enables dealers and consumers to trade seamlessly throughout Europe. The company’s well-known brands are AUTO1.com, wirkaufendeinauto.de and Autohero. AUTO1 Group matches supply and demand for used cars in over 30 countries. In 2017 the company sold more than 420,000 vehicles and achieved revenues of €2.2 billion.
For more information please visit www.auto1-group.com.
Philip Reicherstorfer, Director of Corporate Finance
AUTO1 Group Bergmannstraße 72 10961 Berlin Germany