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AUTO1 Group SE: AUTO1 Group sells 163,500 units in Q3 2022
Berlin, 12 October 2022 – Today, AUTO1 Group publishes Q3 2022 unit sales and purchases.
AUTO1 Group sold 163,500 units in total in Q3, representing 4.5% year-over-year growth. Our platform continues to show strong momentum, outperforming the market by an estimated 25%, given a 20% decline in used car transactions for July and August 2022 compared to the previous year. The Autohero Retail segment grew strongly with 52.1% more units sold year-over-year. The Merchant segment AUTO1.com, the largest B2B trading platform for used cars in Europe, sold 146,350 vehicles to partner dealers.
AUTO1 Group purchased a total of 159,350 units in Q3, 19,800 units of which were purchased for the Autohero Retail segment, reflecting our increasing focus on the most liquid and fast-turning inventory, and 139,550 of which were for the AUTO1.com Merchant segment.
The full results including financials for Q3 2022 will be announced on 2 November 2022.
Final numbers may vary. AUTO1 Group units represent only partial measures of the company’s financial performance and should not be relied on as indicators of quarterly financial results, which depend on a variety of factors.
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 €4.78 billion in 2021. 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.com