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Corporation
INTERNET | eCommerce / Auto
auto1-group.com

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Founded Year

2012

Stage

IPO | IPO

Total Raised

$1.364B

Date of IPO

2/4/2021

Revenue

$0000 

About Auto1 Group

AUTO1.com is an electronic trading market for used cars based out Germany. It buys cars from the public and efficiently distributes them to dealers, and now provides this service in 20 countries.

Auto1 Group Headquarter Location

Bergmannstraße 72

Berlin, 10961,

Germany

+49 (0)30 2016 3836 0

Latest Auto1 Group News

AUTO1 Group SE: Autohero opens first in-house Production Center in Germany

Sep 10, 2021

- In-house production process in response to a rapidly increasing demand - Production capacity of approx. 16,000 vehicles per year at full capacity - Up to 150 new specialist jobs at AUTO1 Group Berlin, 10. September 2021 - AUTO1 Group, Europe's leading digital platform for buying and selling used cars, has commissioned its first in-house Production Center for the purpose of reconditioning used cars for Autohero in Hemau, Bavaria. The own reconditioning process, which Autohero intends to increasingly bring in-house, will lead to optimized internal processes and increased production capacity. The 35,000 square meter site enables a production capacity of approximately 16,000 vehicles per year at full capacity. The site is already fully operational with qualified personnel, infrastructure and work stations. In response to a rapidly increasing demand, approx. 150 new jobs will be created at the Production Center in Hemau for specialists in the areas of inventory analysis, repair work, quality management, logistics, and photo & video. Christian Bertermann, CEO and Co-Founder of AUTO1 Group: "We want to focus on the enormous Autohero growth opportunity and are therefore investing heavily in expanding the brand. With the start of the in-house Production Center in Hemau, we have reached a first important milestone for our strategic goal: We want to recondition as many Autohero vehicles as possible in-house. We will gradually increase capacity utilization at the Production Center this year and next. At the same time, we are planning further insourcing activities at other sites in Europe, some of which will also become concrete in the near future. With all the planned activities, we expect a total capacity of up to 200,000 cars next year." About Autohero Autohero, the online store for inspected used cars, is a brand of AUTO1 Group Operations SE and enables its customers to buy used cars conveniently, safely and individually. The company consistently offers its vehicles for sale with the Autohero quality standard. Buyers also benefit from free delivery of the vehicle anywhere in Germany 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. For more information please visit www.auto1-group.com Investor Relations contact

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Research containing Auto1 Group

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CB Insights Intelligence Analysts have mentioned Auto1 Group in 6 CB Insights research briefs, most recently on Sep 30, 2021.

Expert Collections containing Auto1 Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Auto1 Group is included in 3 Expert Collections, including E-Commerce.

E

E-Commerce

8,739 items

S

SoftBank Investments 2017-2019

146 items

A

Auto Commerce

531 items

Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.

Auto1 Group Web Traffic

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Page Views per Million (PVPM)
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