AUTO1 Group

In September 2024, we announced the launch of the AUTO1 Car Audit Technology (AUTO1 CAT), our in-house AI-powered damage detection technology - marking a significant milestone for us 🚗💡 In our latest blog article, we take you behind the scenes of AUTO1 CAT’s development, led by Masoud Samadi, Team Lead Robotics Engineer, and Szymon Pasko, VP Engineering Sourcing & Fulfillment. "The team’s deep expertise and dedication to quick testing, learning, and adapting have brought about groundbreaking solutions. They’ve proven that agility and flexibility are achievable even with hardware," shares Szymon. Read the full article here: https://lnkd.in/eu53KwNr #AUTO1Group #Innovation #AI #CompanyBlog

The AUTO1 Group Price Index for November 2024 has been published. Here are the key insights: 🔵 The index shows a 0.2% increase in wholesale used car prices compared to October 2024, moving from 136.9 to 137.2 🟠 The used car prices of November this year were 6.4% lower compared to November of the previous year ⚪ Used car prices are still 16.9% higher than before the COVID-19 pandemic Read more in the press release: https://lnkd.in/ekF7Qarp #AUTO1Group #PriceIndex #UsedCarIndex

We are pleased to announce the opening of our 500th drop-off branch of our C2B Buying brand. This marks a major milestone as we continue to accelerate the roll-out of purchasing branch locations across Europe. “I am proud of our teams for executing our network expansion plan so ambitiously and driving double-digit branch growth compared to the beginning of the year," shares Berkan Limon, SVP Purchasing of AUTO1 Group. "We receive great feedback from our selling customers, who appreciate that we are now even closer to them. We are excited about the potential ahead of us to further expand our footprint as we continue to offer our customers great prices for their used cars at maximum convenience.” Read more in the press release: https://lnkd.in/e8xzBy7z #AUTO1Group #Milestone #C2B

Q3 2024 Results:  AUTO1 Group reports best quarter in company history 🚗 Record units sold of 176,632, up 26% year over year 📈 Record gross profit of EUR 187.1 million, up 39% year over year ⬆️ Record adjusted EBITDA of EUR 34.3 million, compared to EUR 0.5 million in Q3 2023, an improvement of EUR 33.8 million year over year. Read the full press release: https://lnkd.in/eexzrm9b

Last week, our CEO and Co-Founder Christian Bertermann was invited to speak at the Foundertalk of thinc!, the student initiative for Entrepreneurship at the University of Mannheim. Christian graduated from the University of Mannheim in 2008 and was excited about the opportunity to connect with talented students to share his experiences on how he and Hakan Koç founded AUTO1 Group over a decade ago. He gave the students insights into the early days of AUTO1 Group and how we took the company public in 2021. He also offered his perspective on what he believes makes entrepreneurs successful. Thanks a lot for a great evening and a compelling exchange!

Get to know Maximilian Lenz, our Senior Key Account Manager for Strategic Partnerships in Europe 👋 With extensive expertise in the automotive industry, Maximilian is dedicated to driving success and building strong client relationships. Read more in our newest blog article: https://lnkd.in/eDJKA6me

We are pleased to announce that AUTO1 Financing is now available to partner dealers in Belgium and the Netherlands 🇧🇪🇳🇱 The financing product enables partner dealers to grow their business faster by increasing sales, offering a fast, convenient, and fully digital financing solution through the AUTO1.com platform 🚗 "With over 1,700 partner dealers in Q2 already utilizing our AUTO1 Financing service across markets, we are excited to enhance our commitment to Dutch and Belgian partners by offering them even more speed and convenience with our digital financing solution,” shares Christian Bertermann, CEO & Co-Founder of AUTO1 Group Initially launched in Germany in the fourth quarter of 2023, our Merchant Financing solution is currently available in France, Austria, Spain and now in Belgium and the Netherlands. We are set to continue the rapid expansion of AUTO1 Financing throughout Europe and make it available to more markets and partners.🚀 Read the full press release here: https://lnkd.in/e9Jbu6X2 #AUTO1Group #AUTO1 #Financing

Last week, James Norman and Chris Vlachos attended the CARA Europe Annual General Meeting in Milan. It was fantastic to connect with the CARA community and engage in insightful discussions about the future of European EV manufacturers in the global market. They explored the critical role of EV battery diagnostics in determining resale value and advocated for a standardized mileage history database to combat mileage manipulation. We're looking forward to seeing how these conversations will shape the industry's future!

We are delighted to share that AUTO1 Group has been recognized in the top 10 of the Financial Times and Statista's ranking of Europe’s Long-Term Growth Champions! 🌟 This achievement reflects the dedication and hard work of our incredible team. Together, we look forward to reaching new milestones as we continue to invest into the future growth of our business!🚀 Our north star remains to maximize value for our merchants and consumers when they buy, sell or finance their next vehicle. Find the full list here: https://lnkd.in/dHHF37Qj #AUTO1Group #GrowthChampions #FTRanking

The AUTO1 Group Price Index for October 2024 has been published. Here are the key insights: 🔵 The index shows a 0.1% increase in wholesale used car prices compared to September 2024, moving from 136.8 to 136.9 🟠 The used car prices of October this year were 7.4% lower compared to October of the previous year ⚪ Used car prices are still 16.1% higher than before the COVID-19 pandemic Read more in the press release: https://lnkd.in/eEPTmJia #AUTO1Group #PriceIndex #UsedCarIndex