The online used car dealer Auto 1 cannot keep up the rapid growth rate in the current year. For 2022, an increase in sales of at least 19 percent and a maximum of 42 percent is expected, the Berlin-based company announced. “We are currently on an uneven road. We are confronted with sharply rising used car prices and the war in Ukraine is causing people to worry more, which is also having an impact on demand, at least in Eastern Europe,” said company boss Christian Bertermann. In the past year, revenues had climbed by 69 percent to 4.8 billion euros and were thus above the forecast raised in November. In the fourth quarter it was even enough for a plus of 99 percent. The outlook was not well received on the stock market. After initial gains, the paper turned significantly into the red and lost more than 16 percent to less than ten euros.
Used cars – problems with car 1 – economy
