(AOF) – Aramis announces turnover for the 1st quarter of 2024 up 20% to 527.0 million euros. Total vehicle sales to individuals increased by 31.9% compared to the 1st quarter of 2023 at 26,442 units. The European specialist in the online sale of used cars to individuals confirms its objectives for 2024: at constant scope, the volumes of B2C vehicles sold by the group should exceed the milestone of 100,000 units and Aramis generate an adjusted Ebitda of at least twice as high as that achieved in 2023.
Nicolas Chartier and Guillaume Paoli, co-founders of Aramis Group, underline that their company achieved “double-digit growth in almost all of its geographies in the first quarter, a performance well above that of the market as a whole”. “In addition to the continued rebound in the pre-registered vehicle segment, mastering our competitive advantages in the reconditioned vehicle segment is generating market share gains,” they add.
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Negotiations with manufacturers
On average, equipment manufacturers represent between 60 to 85% of the manufacturing cost price of a vehicle. According to the Federation of Vehicle Equipment Industries (Fiev) negotiations are very tense with manufacturers regarding the passing on of the increase in costs. The price increases concern electronic components, raw materials, such as steel, nickel, lithium or palladium, energy and transport. The equipment manufacturers mainly negotiate with Stellantis and Renault to set up indices to pass on the increases. They are also betting on innovation, differentiation, moving upmarket and internationalization.