Persberichten

AUTO1 Group signed a new partnership with Arval in Italy for remarketing used cars

Milan, 21 November 2022

Milan, 21 November 2022 - AUTO1 Group, Europe's leading digital automotive platform for buying and selling used cars online, signed a new partnership in Italy with Arval (BNP Paribas Group), a leading company in long-term car rental and mobility services. The multi-year collaboration will enable AUTO1 Group to offer ex long-term rental vehicles from the Arval fleet for sale on its channels and thus expand the offer dedicated to Autohero customers. Arval will benefit from AUTO1 Group's technologies, wide network and know-how to better manage the remarketing of used vehicles returned by customers at the end of the rental contract.

AUTO1 Group will offer Arval's vehicles on sale on Autohero, which provides customers with the best experience to buy a used car online with its innovative technology that allows them to find the car best suited to their needs, at any time and comfortably from their device, and to receive it directly to their front door. The extensive multi-brand inventory on Autohero's online shop can be explored in every detail thanks to a rich gallery of images and a 360° tour of the cars' interiors. In addition to this, customers benefit from a one-year warranty period, extendable up to 36 months, and a 21-day money-back guarantee, ensuring the highest level of transparency and security of the service. All of Autohero vehicles, including those from Arval, meet high quality standards, certified through rigorous inspection and reconditioning processes carried out at its production centers.

Great attention to the customer and quality standards also shared by Arval, which has always been committed to offering its customers the best user experience, through the constant improvement of its services and the implementation of rigorous criteria in the selection, control and periodic maintenance of the vehicles in its fleet.

Stefano Galluccio, VP Italy of AUTO1 Group: “We are proud to announce a new agreement with Arval thanks to which we will be able to further increase our offer by responding even more effectively to the needs and interests of the large number of customers who daily use our services to buy a used car online. A strategic partnership with an international company that, exactly like AUTO1 Group, has always put the customer at the heart of its business through an innovative, clear and customized service.

Emmanuel Lufray, Remarketing Director of Arval Italy: "The new partnership, which is valid for the next three years, allows Autohero to further expand its offer mix by accessing the quality of the Arval AutoSelect product and related services on a well-established digital showcase in the Italian market. In fact, AUTO1 Group is the best choice for Arval to take over the online channel in used-vehicle sales. Arval and Autohero have shared the same challenging strategic goals through a common desire to innovate processes, offers and standards, so as to reaffirm their respective leadership positions, surprising even the most receptive customers to the paradigm shift taking place in the sector".

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 €4.78 billion in 2021. 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
Alexander Enge
Senior Manager Investor Relations
Phone: +49 (0)30 - 2016 38 213
Email: ir@auto1-group.com

Media Contact
Damiano Pennisi
Communications Manager Italy
Phone: +39 340 125 4881
Email: press@auto1-group.com