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AUTO1 Group SE: Autohero secures in-house production capacity of up to 21,000 cars in Toledo, Spain
Berlin, December 06, 2021
• New in-house production site in Spain enables Autohero to fulfill strongly increasing demand
• Production capacity of approx. 21,000 vehicles per year at full capacity
• More than 250 new specialist jobs expected to be created at AUTO1 Group
Berlin, December 06, 2021 – AUTO1 Group, Europe's leading digital automotive platform for buying and selling used cars online, announces today the signing of an agreement to rent a production center in Toledo 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.
The new production facility in Toledo, 45km from Madrid, consists of 47,000 m². It increases Autohero’s production capacity by more than 21,000 cars per year. AUTO1 Group will add more than 250 new car specialists across different stages of the production. The stages include repairing, cleaning, as well as capturing photos & videos to ensure excellent car quality. The production center in Toledo commences operations in the second quarter of 2022.
Having signed the fourth production center agreement for Autohero within three months, AUTO1 Group’s total internal refurbishment capacity now stands at 90,000 vehicles per year at full capacity. The Group already employs more than 550 experts in production centers.
Christian Bertermann, CEO and Co-Founder of AUTO1 Group: "Our in-house production centers across three different markets in Europe make us incredibly proud. Every center is a key milestone in our journey of building the best way to buy and sell cars online. The signing of our first Spanish production center in Toledo enables us to offer customers in Spain even more cars in excellent conditions including fast delivery. We are experiencing huge demand from Spanish customers and their feedback is extremely positive."
Autohero, the fastest growing online seller for used cars in Europe, 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 outstanding 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 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. Since 21 June 2021, the shares are listed on the MDAX index of the Deutsche Börse (German Stock Exchange).
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