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Car: Aramisauto is stunned by the downturn in the second-hand market

Aramis Group, the European leader in the sale of refurbished used cars, is experiencing a difficult period. While its turnover grew by almost 30% in the financial year ending September 2022, the group, known for its online brand aramisauto.com, plunged into the red with an operating loss of 51.8 million euros. EUR and with a net loss. 60.3 million euros. The first in the history of the young company. “Since Nikola, we have been profitable every year (Chartier) and I founded the company.’ emphasizes Guillaume Paoli, deputy director of Aramis Group. Also in 2021, it suffered an operating loss of €7.5 million and a net loss of €15.5 million.

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Listed on the stock exchange in June 2021, the company, of which Stellantis remains a reference shareholder (60%), has burned all the wood this year to ensure its growth. It has opened two car restoration plants, one in Antwerp and the other…

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Source: Le Figaro

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