AUTO1 Group SE: AUTO1 Group closes the first securitization operation backed by consumer loan assets

DGAP-News: AUTO1 Group SE / Key word(s): Financing

AUTO1 Group SE: AUTO1 Group closes the first securitization operation backed by consumer loan assets

06.04.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

AUTO1 Group SE: AUTO1 Group closes the first securitization operation backed by consumer loan assets

First €150 million asset-backed securitization to refinance car loans offered to Autohero customers

– Important step in building the best integrated financing experience in the used car market

Berlin, April 06, 2022 – AUTO1 Group, Europe’s leading online used car buying and selling platform, today announces the closing of its first €150 million asset-backed securitization (“ABS”) transaction euros, refinancing car loans granted to Autohero customers, with Citigroup as the main purchaser of tickets.

Autohero, already the largest used car online store in the EU, is currently offering integrated fully digital car finance options to its customers in Germany and Austria. By tightly integrating car buying and financing into a single digital transaction, Autohero creates the best car buying experience.

The ABS transaction refinances both existing consumer loans, further improving AUTO1 Group’s strong cash position, as well as future consumer loans. The ABS initially covers car loans issued in Germany and Austria as direct sales financing, but is structured to be increased to cover additional markets in the future. With this ABS, AUTO1 Group has access to scalable, low-cost capital to accelerate the growth of its in-vehicle financing offering for Autohero customers. The ability to issue its own consumer auto loans and access to the ABS market are important differentiators for AUTO1 Group, enabling it to digitize the €100 billion European auto finance market.

Markus Boser, AUTO1 Group CFO“Fully digital in-vehicle finance is a key growth driver for our Autohero business. This consumer loan ABS, combined with our recently announced increase in our ABS inventory, allows us to rapidly grow Autohero while reducing our cash investments. This transaction, and the confidence of our banking partners that it represents, is also a significant validation of our offer and our vision of integrated financing. Offering our own fully digital finance products, as well as refinancing them efficiently, sets us apart from our competitors and will become an important part of our vision, to build Europe’s largest and most profitable car dealership.”

About the AUTO1 group
Founded in 2012, AUTO1 Group is a multi-brand technology company developing the best way to buy and sell cars online. Its local European consumer brands such as offer consumers the fastest and easiest way to sell their car. Its merchant brand,, is Europe’s largest wholesale platform for automotive trade professionals. With its Autohero retail brand, AUTO1 Group uses its technology, scale and operational excellence to develop the best consumer experience for buying a car online. The AUTO1 group is present in more than 30 countries. Following its successful IPO in February 2021, the group’s shares are traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the trading symbol AG1 and ISIN DE000A2LQ884.

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Investor Relations Contact
Alexandre Enge
Senior Investor Relations Manager
Telephone: +49 (0)30 – 2016 38 213
Email: [email protected]

Media contact
Knut Engelmann
Kekst CNC
Telephone: +49 174 234 2808
Email: [email protected]

AUTO1 SE Group | Bergmannstraße 72 | 10961Berlin | Germany

This publication contains forward-looking statements based on the current opinions and assumptions of AUTO1 Group management and made to the best of such management’s knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause AUTO1 Group’s revenues, profitability or the degree to which it achieves or achieves its objectives to differ materially from what is explicitly or implicitly stated or described in this publication. . Accordingly, persons who obtain possession of this publication should not rely on such forward-looking statements. The AUTO1 Group does not accept any warranty or liability regarding forward-looking statements and will not adjust them to future results or developments.

06.04.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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