AUTO1 Expands Partnership With Volvo

AUTO1.com, Europe's largest wholesale platform for used cars and part of AUTO1 Group SE, said it has expanded its partnership with Volvo. Registered Volvo dealers in Germany can now digitally evaluate trade-ins even more easily via the native AUTO1 EVA app and sell them via AUTO1.com.

AUTO1.com said that it is expanding its cooperation with authorized dealers and making its remarketing technologies available to car dealerships throughout Germany and Europe.

Through this cooperation, AUTO1 Group gains another sourcing channel and thus strengthens its offering on the digital platforms.

Volvo partners are digitizing the purchase and sale of trade-ins by allowing customers to request a price for their trade-ins via volvocars.com and then book an appointment with the local dealer.

Using the AUTO1 EVA app, the Volvo dealer can document the trade-in at the on-site appointment and, after the purchase, directly sell it to over 60,000 dealers across Europe at the touch of a button via AUTO1.com.

Vehicle inspection, primarily through simplified but detailed damage, photo, and video recording, is now possible in under 15 minutes, AUTO1 said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney's streaming service Disney+ is rolling out its much-anticipated new ad-supported subscription plan for Disney+ in the U.S. as part of its bid to stem the loss and make its streaming business profitable after the services posted a hefty operating loss of more than $1 billion in the third quarter. It is also raising pricing for its bundled subscription plans with Hulu, ESPN+ and live TV. The U.S. Food and Drug Administration announced the intended availability of base powder to make around 6 million bottles of specialty formula from Mexico as part of its efforts to meet the nationwide supply shortage caused by Abbott Nutrition recall. Reckitt Nutrition/Mead Johnson Nutrition will send an initial shipment of 331 thousand pounds of base powder for PurAmino Hypoallergenic Formula. Shares of Deutsche Telekom AG were gaining more than 1 percent in the morning trading in Germany after the telecom major on Thursday raised its fiscal 2022 earnings outlook again, despite reporting lower profit in its second quarter. Adjusted EBITDA AL, a key earnings metric, increased, while adjusted EBITDA AL margin dropped.
Follow RTT