Company DescriptionAUTO1 Group SE operates an online marketplace for used vehicle sales to dealers and individual customers in Europe. It operates AUTO1.com for the sale of used cars to commercial car dealers; Autohero.com for sale of used cars to private customers; and wirkaufendeinauto.de, an online platform to sell their used cars to the company. The company was founded in 2012 and is based in Berlin, Germany.
How the Company Makes MoneyAUTO1 Group SE generates revenue primarily through its online platforms that facilitate the buying and selling of used cars. The company operates a B2C platform, Autohero, which sells cars directly to consumers, and a B2B marketplace, AUTO1.com, which connects professional car dealers with a wide inventory of used vehicles. Revenue is earned from the margin on the sale of vehicles, as well as service fees charged to dealers for using the platform. Additionally, the company may engage in strategic partnerships with financial institutions and automotive service providers to enhance its offerings and generate additional income streams through financing and ancillary services.