AramisAuto buys Belgian retailer Cardoen
16 May 2018
PSA Retail is pursuing a strategy of geographic expansion; while also creating a group of digital and physical new and used-car sales channels, including a number of classified sites.
AramisAuto launched as a site for new-auto sales in 2001 and added a used-auto option only later. It specializes in buying back used autos, overhauling them in selected factories, and then reselling them.
Cardoen has 13 car retail locations; six of which are owned by Cardoen itself, and seven by franchisers. Around 85 percent of the cars it sells are new, 15 percent are second hand. The group has revenues of €160 million ($189 million U.S.), the Dutch media reported.