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AUTO1 Group continues growth path in 2018
Berlin, 27 March 2019
● AUTO1 Group increases revenue by 32% to €2.9 billion in 2018 ● 2018 more than 540,000 used vehicles traded on all platforms
● Expansion of the branch network to over 400 branches ● New product “wkda|Fahrzeugmarkt” connects dealers with end customers
Berlin, March 27th, 2019 – AUTO1 Group, Europe's digital automotive expert, is again continuing on its strong growth path in 2018. The Berlin-based tech company grew its 2018 revenue by 32% to €2.9 billion (2017: €2.2 billion) and traded a total of more than 540,000 used vehicles via its platforms AUTO1.com, wirkaufendeinauto.de and Autohero in 2018. Wirkaufendeinauto.de, Europe's leading specialist for the purchase of used cars, further expanded its branch network in 2018. Customers can now sell their used vehicles at more than 400 branches across Europe. In addition, AUTO1.com, the Group's B2B arm, has expanded its dealer network to more than 55,000 partners.
AUTO1 Group Co-CEO Christian Bertermann says: "AUTO1 Group again developed very successfully in 2018. We are extremely satisfied with our strong organic growth, both in terms of sales and the expansion of our on-site presence. AUTO1 Group is the best source on the European market to buy and sell used vehicles and we are looking forward to continue our strong and sustainable growth over the next years.”
For 2019, AUTO1 Group will increasingly focus on its digital product strategy. In February the company for the first time opened its successful consumer brand wirkaufendeinauto.de to German dealerships. The new product wkda|Fahrzeugmarkt offers dealers access to a vast network of end consumers and is based on a dealer-friendly compensation model.
"I'm really proud of what our employees achieved last year. For the entire AUTO1 team customer satisfaction is and will remain the basis of our success and thus has top priority. Together we will further improve on making selling and buying used vehicles easier, even more transparent and more trustworthy", adds Bertermann. Since 2012, AUTO1 Group has traded more than 1,000,000 cars providing it with the market leading data set for the European automotive trade.
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 55,000 professional partners the opportunity to access a diversified portfolio of more than 30,000 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 2018 the company sold more than 540,000 vehicles and achieved revenues of €2.9 billion.
Philip Reicherstorfer, Director of Corporate Finance
AUTO1 Group Bergmannstraße 72 10961 Berlin Germany