AUTO1 Group

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The AUTO1 Group is a start-up company from Berlin and, according to its own information, Europe's largest used car dealer . Since the investment of the Japanese company Softbank in January 2018, the company has been valued at 2.9 billion euros. This made it the highest-rated unlisted start-up in Europe in March 2019 - after the IPO of the Swedish company Spotify . The company is led by its two founders Hakan Koç and Christian Bertermann; together they hold around 30 percent of the shares.

history

Hakan Koç and Christian Bertermann founded the company in 2012. The idea of ​​digitizing the used car trade arose by chance. Bertermann helped his grandmother sell two cars, a Mercedes-Benz 190d and a Golf IV, and received many dubious and unacceptable offers. This lack of professionalism in the industry was the driving force behind the establishment of the AUTO1 Group. Bertermann had previously worked at Groupon , Koç at Rocket Internet .

AUTO1 employs more than 4,000 people in 30 countries and generated sales of 2.2 billion euros in the 2017 financial year . The company trades in over 3000 vehicles every day. The purchasing platform wirkaufendeinauto.de is particularly well known in Germany.

Business model

The AUTO1 Group currently consists of three platforms (wirkaufendeinauto.de, AUTO1.com, Autohero). In addition, in 2018, together with the Alliance and the Deutsche Bank , the joint venture established AUTO1 FinTech.

Wirkaufendeinauto.de

Wirkaufendeinauto.de has over 120 branches in Germany in which cars are checked and purchased. In addition there are u. a. Branches in Austria, Belgium, France, Italy, Spain, Sweden, the Netherlands and Portugal. The potential seller enters his vehicle details via the website and books an appointment. After the check, the customer receives a purchase offer.

AUTO1.com

AUTO1.com is an online B2B marketplace for buying and selling used cars. More than 55,000 dealers from 30 countries currently use the platform.

Autohero

Autohero was founded in 2016 and is an online car dealer for high quality used cars.

Web links

Individual evidence

  1. ↑ Wirkaufendeinauto.de: Investors rate Berlin start-ups at 2.9 billion euros . In: Spiegel Online . January 15, 2018 ( spiegel.de [accessed March 8, 2019]).
  2. ↑ Jonas Jansen: After Spotify's IPO: Auto 1 is now the most valuable start-up in Europe . ISSN  0174-4909 ( faz.net [accessed March 8, 2019]).
  3. ↑ The Japanese pump half a billion euros into the Berlin start-up Berliner Zeitung (dpa), January 15, 2018.
  4. ↑ Bettina Weiguny: Founder's Stories: The billionaire from the backyard . ISSN  0174-4909 ( faz.net [accessed March 8, 2019]).
  5. ^ About grandma's old Benz to the millionaire start-up handelsblatt.com (Bloomberg), July 9, 2015.
  6. ↑ AUTO1 Group | About us. Retrieved May 15, 2019 .
  7. ↑ AUTO1 Group | About us. Retrieved March 8, 2019 .
  8. ↑ Peter Brors: Die Billions-Manager handelsblatt.de, January 15, 2015.
  9. ↑ Used car platform: Auto1 starts its own fintech with Deutsche Bank and Allianz. Retrieved March 8, 2019 .
  10. ↑ Over 120 locations across Germany - wirkaufeindeinauto.de. Retrieved March 8, 2019 .
  11. ↑ Selling a car at the best price - over 1 million customers love it. Retrieved March 8, 2019 .
  12. ↑ Via AUTO1.com. Retrieved March 8, 2019 .
  13. ↑ press. Retrieved March 8, 2019 .