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DGAP-News: AUTO1 Group SE
/ Key word(s): Alliance
AUTO1 Group SE: AUTO1.com expands partnership with Volvo - Registered Volvo dealers in Germany can now digitally evaluate trade-ins even more easily via the native AUTO1 EVA app and sell them via AUTO1.com. - Through this cooperation, AUTO1 Group gains another sourcing channel and thus strengthens its offering on the digital platforms. Berlin, 20.10.2021 - AUTO1.com, Europe's largest wholesale platform for used cars and part of AUTO1 Group SE, integrates the jointly developed "Volvo-Kauft-Ihr-Auto" (Volvo buys your car) program into the native AUTO1 EVA app. The offer to purchase used cars is a joint effort between Volvo Car Germany GmbH and AUTO1.com. As a partner of the Swedish premium manufacturer, AUTO1.com provides the technologies and B2B market price calculations with the AUTO1 price indicator to evaluate used cars. Through this cooperation, AUTO1 Group gains another sourcing channel for trade-ins and leasing returns. In addition, registered Volvo partners have full access to a wide range of remarketing services. These include the AUTO1 Price Indicator, mobile evaluators, logistics services, and fully digital and mobile auction management. Volvo partners are digitizing the purchase and sale of trade-ins by allowing customers to request a price for their trade-ins via volvocars.com and then book an appointment with the local dealer. Using the AUTO1 EVA app, the Volvo dealer can document the trade-in at the on-site appointment and, after the purchase, directly sell it to over 60,000 dealers across Europe at the touch of a button via AUTO1.com. Vehicle inspection, primarily through simplified but detailed damage, photo, and video recording, is now possible in under 15 minutes. With just a few clicks, the vehicle is digitized and ready for a Europe-wide auction. With precise vehicle documentation, the user-friendly app offers high data quality and direct access to B2B vehicle trading across Europe. Trade-ins, especially of other brands, can thus be marketed to the AUTO1.com dealer network of over 60,000 partner dealers across Europe with significantly shorter inventory days, entirely digitally and for the best prices. "By partnering with Volvo, we are establishing a purchasing channel that will enrich our network. As a result, even more, high-quality trade-ins and leasing returns will be available on our platforms. In addition, we are expanding our cooperation with authorized dealers and making our remarketing technologies available to car dealerships throughout Germany and Europe. The aim is to digitize sales and purchase processes. Our logistics solutions complete the holistic service offering so that car dealerships can fully focus their time and resources on their core business that is important to them," says Jost Dieckhaus, VP Remarketing Europe AUTO1 Group.
AUTO1.com GmbH is part of AUTO1 Group SE, a multi-brand technology company that is building the best way to buy and sell cars online. AUTO1 Group SE, headquartered in Berlin, is active in more than 30 countries and achieved revenues of 2.83 billion Euros in 2020.
For more information please visit Contact 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.
20.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | AUTO1 Group SE |
| Bergmannstraße 72 | |
| 10961 Berlin | |
| Germany | |
| Internet: | -group.com/de/ |
| ISIN: | DE000A2LQ884 |
| WKN: | A2LQ88 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange |
| EQS News ID: | 1241943 |
| End of News | DGAP News Service |
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1241943 20.10.2021
