For 2022, Auto1.com will generate a turnover of 6.5 billion euros, +37% despite the difficulties of the second-hand market in Europe
The group Car1 it has consolidated its position as the largest used car platform in Europe. Despite the general difficulties of the used car market, it increased its market share to 19% in 2022. Here is all the data from the Auto1 Group 2022 financial statementsalso better known by its Mark self-hero.
AUTO1 GROUP: +37% REVENUE IN 2022
Group Car1 was founded in 2012 and has become Europe’s leading digital platform for buying and selling used cars. Through its portals, it offers the fastest and easiest way to sell your car in more than 30 countries, the company says. And it works, judging by the data from budget 2022 generated a turnover of 6.5 billion euros. “2022 has been a strong and extraordinary year for us”he stated Christian BertermanCEO and co-founder of Groupe Auto1. “We celebrated our 10th anniversary in August and I couldn’t be prouder of what our team has accomplished over the past decade. We are only at the beginning of our journey and I am excited to continue our mission to transform the used car market this year and in the future.
USED CARS SOLD BY AUTOHERO IN Q4 2022
Look at the data in detail company performance in the fourth quarter of 2022, self-hero it improved its gross profit per unit (GPU) and its revenue rose sharply from the fourth quarter of the previous year. Number of used cars sold by Autohero grew up at 16,647 unit, while I income are increased at €265.0 million. Autohero’s unit gross margin tripled to €1,254. In the segment of B2B market they were sold 133,744 cars to reseller partners with a turnover of 1.2 billion euros and a gross margin of 90.0 million euros.
AUTO1 GROUP FINANCIAL DATA AND 2023 OUTLOOK
Broaden the focus on Group Car1, sold 150,391 q4 2022 vehicles, generating turnover of 1.4 billion euros and a gross profit of 114.5 million euros. Auto1 Group financial outlook for the full year for 2023 I am:
- Total sales at 625,000 – 690,000 (649,709 units in 2022)
- B2B sales at 590,000 +/- 5% (585,545 units in 2022)
- Retail segment sales at 65,000 – 70,000 (64,164 units in 2022)
- Total gross margin at 500 – 550 million euros (488.2 million euros in 2022:)
- Adjusted EBITDA of 60 to 90 million euros over a full year (165.6
million in 2022) with the objective of reaching break-even in the fourth quarter of 2023.
Source : Sicur Auto