Blockchain Registration Transaction Record

AUTO1 Group Secures €1.6B Financing to Power European Used Car Expansion

AUTO1 Group boosts inventory financing to €1.6B with expanded bank support, positioning Europe's leading digital used car platform for major growth across 30+ countries.

This financing expansion has significant implications for Europe's used car market. For consumers, it means greater availability and potentially better pricing as AUTO1 Group can source more inventory for its Autohero retail platform and wirkaufendeinauto.de selling service. For car dealers, the expanded AUTO1.com wholesale platform will offer more vehicles and improved liquidity. The involvement of thirteen major banks demonstrates strong institutional confidence in the digital automotive sector, potentially attracting more investment to similar platforms. As Europe's largest player scales up, it could accelerate the digital transformation of used car transactions across the continent, making buying and selling vehicles more efficient and transparent for all participants.