Used cars – record quarter for Auto1 – economy

After record sales in the second quarter, online used car retailer Auto1 is more confident about growing its business over the year. During the April to June period, revenue soared 164% to 1.065 billion euros thanks to the easing of corona restrictions. “For the first time, we crossed the billion euros mark in quarterly sales and at the same time achieved the highest gross margin in the history of Auto1,” explains company boss Christian Bertermann. . Compared to the same period last year, the gross margin increased by 266% to 99 million euros. Operationally, however, the newcomer posted a loss of 23 million euros.

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