AUTO1.com reports record 2021 results and starts strong into 2022

In 2021 AUTO1.com sold more than 555,000 cars B2B (Q4 2021: 153,074)
In Q4, revenue grew by 85% year-on-year to EUR 1.3 bn (Q4 2020: EUR 727 mn)
For the full year, AUTO1.com grew revenue by 56% to EUR 4.2bn (2020: EUR 2.7bn)

Berlin, April 13, 2022 - AUTO1.com, the Merchant segment of AUTO1 Group and Europe's largest wholesale platform for used cars, is looking back at a successful year and reports record results for the fourth quarter and the full year of 2021. AUTO1.com sold more than 555,000 cars in 2021 and increased revenue by 56% to EUR 4.2bn (2020: EUR 2.7bn), while gross profit grew by 47% to over EUR 416 million (2020: EUR 283 million). More than 74,000 units sold came from the Remarketing suppliers, a growth of more than 46% compared to 2020. This strong performance makes AUTO1.com the market-leading e-commerce platform for used car trading professionals in Europe.

The first quarter of 2022 already started strongly for AUTO1.com, with over 155,000 units sold, an increase of 26% compared to the first quarter of 2021 with 122,722 units.

Throughout 2021, the wholesale platform invested further into improving its product and service offering. At the beginning of the year, the AUTO1.com website was relaunched with new content, new features, and better usability. During the year, AUTO1.com kept investing in its logistics and document handling services which make buying cars from across Europe easier than buying the next car offline in the neighborhood. In 2021, the logistic network expanded to over 300 partners and continues to strengthen our value proposition to offer the best and most efficient routes.

“2021 has again been a year of strong and successful growth for AUTO1.com and for many of our over 60,000 car trading professionals. With our broad European reach to over 30 European countries, powered by our unique technology platform offering Europe’s single largest pool of used cars, we remain the leading e-commerce platform for professional used car trading in Europe. And we continue to invest and stay fully committed to our mission of building the best way to buy and sell cars online. With more than 500 drop-off locations in Europe, connected by our strong logistics network, we are in the unique position to trade thousands of cars per week. In 2022, we will continue our mission and continue to work hard for the success of our customers”, says Dr. Moritz Lück, Senior Vice President Sales and Operations at AUTO1 Group.

On top of that, adding more supply to the offering of constantly more than 30,000 cars on AUTO1.com remains our absolute priority. In 2021, AUTO1.com extended the used car supply via wirkaufendeinauto.de and its sister brands and also added more B2B partners and transactions to the Remarketing business. Even though the overall Remarketing industry was impacted last year due to fewer lease returns and fewer trade-ins, AUTO1.com was able to grow its Remarketing business by 46%.

Technology leadership remains at the heart of our offering. The AUTO1 EVA app was launched at the end of 2020 and fully rolled out in 2021. Today it is the leading Remarketing app that supports dealers throughout the entire remarketing process. AUTO1.com also added the AUTO1 Price Indicator to its services, an innovation that won the 2021 Car Remarketing Award. Now dealers can use AUTO1 EVA to price every trade-in at attractive price levels and thus increase their trade-in conversion and their customer business. Also in 2021, AUTO1.com closed some large B2B and OEM partnerships to generate an even further improved offering for all its customers.

“We are very proud of the achievements that we accomplished in 2021. Our success cannot only be measured by our growth but also by welcoming amazing Remarketing partners like Volvo and Allane Mobility Group, who joined our platform recently. These partnerships show the potential that we can unlock with our holistic products and services. Our most important goal for 2022 is to achieve the best prices for our dealers to further increase their selling conversion. And we expect that our Remarketing Business Unit will contribute strongly to our overall business growth and EU-wide sourcing potential in the future”, says Jost Dieckhaus, Vice President Remarketing Europe at AUTO1 Group.

Key figures of AUTO1.com

	Q4 2020	FY 2020	Q4 2021	FY 2021
Units sold (#)	113.133	447.278	153.074	555.351
Thereof Remarketing	14.866	50.630	21.038	74.161
Revenue (in million EUR)	726,5	2.697,1	1.341,6	4.196,0
Gross Profit (in million EUR)	81,6	283,0	123,1	415,9