OTS - Automotive parts specialist AUTODOC already exceeds 600 million euros in sales after three quarters
2020. December 07. 10:00
Berlin, 7 December, 2020 (APA/OTS) - Sales revenue target of 800
million euros for full year 2020 confirmed - Record result on Black
Friday 2020 - AUTODOC, Europe's leading online retailer for
automotive parts, accessories, and equipment, saw its sales rise to
over 600 million euros in the first three quarters of the year.
This constitutes an impressive increase of around 40% compared to
the same period last year. In 2019, the company's revenue between
January and September amounted to a total of 434 million euros.
Despite the pandemic, the company is thus clearly continuing on its
strong growth path. AUTODOC's chief executive Alexej Erdle has
stated that he firmly believes the company will achieve the
announced sales target of 800 million euros by the end of the year
- up from 615 million euros in 2019.
AUTODOC has so far shown particularly strong growth in its core
markets of Germany and France during the fiscal year 2020, with
sales rising by well over 50% in the two countries. AUTODOC
achieved even more substantial gains in Great Britain, where sales
increased by over 80%. The company's own brands, Stark and Ridex,
also contributed to the above-average business development with
sales growth of 65% compared to the same period last year.
Only recently, AUTODOC had expanded its range of products.
These up-and-coming divisions have shown positive development. The
business segments in question include the tyre business, which
tripled its sales compared to the first three quarters of the
previous year. But even the motorbike parts unit, which is still in
its start-up phase, almost doubled its sales in the same time span.
Good prospects continue
The fact that AUTODOC is maintaining its growth targets despite
the renewed lockdown is partly due to the experience of previous
years. Traditionally, the two months of October and November are
among the strongest sales periods of the year, before business
usually slows down over the holidays at the end of December. Based
on the figures available, the management expects the annual sales
target of 800 million euros for 2020 to be achieved. The spare
parts aftermarket is also likely to benefit from the continued
reluctance to buy new cars. In Germany, for instance, the average
age of the vehicle fleet in 2020 has increased by 0.1 to 9.6 years,
according to the Federal Motor Transport Authority (KBA).
Record number of orders on Black Friday
As a renowned online specialist, AUTODOC naturally took the
opportunity of the Cyber Week at the end of November to offer
special deals - an approach that has been a tremendous success, as
it now turns out. After all, Black Friday, which fell on 27
November 2020, saw AUTODOC setting another record in its unusual
success story. For the first time, a total of 80,000 orders were
exceeded in just one day.
About AUTODOC
AUTODOC is Europe's leading online outlet for automotive spare
parts. As the fastest growing business in this sector, with a rise
in turnover of 48% in the 2019 fiscal year to around 615 million
euros (2018: 415 million euros), AUTODOC is continuing to expand
its base. As a result of its successful expansion drive, AUTODOC
with its group-wide workforce of around 4,000 employees is now
represented in 26 European countries outside of Germany. Autodoc
pursues a strong customer focus through its presence on social
media, technical support in the appropriate national languages and
its demand-driven range, which currently comprises almost 2.5
million products from 870 brand manufacturers for 166 makes of car.
From brake systems through chassis parts, shock absorbers and
springs, exhaust systems, interior parts, steering and clutches up
to air-conditioning systems, heating, repair kits and motor oil,
the online trader offers a broad service. Autodoc GmbH is based in
Berlin and is managed 100% by its proprietors.
Contact:
Thomas Casper
Director Press and Public Relations & Communication
Kurfürstendamm Nr. 22
D-10719 Berlin and
Josef-Orlopp-Straße 55
D-10365 Berlin
Phone: +49 30 2084 78 237
Email: t.casper@autodoc.eu
www.autodoc.de
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