Madrid-based used-car reconditioner and reseller Clicars has revealed that it had revenue of €250 million ($265.9 million U.S.) in 2021. This brought the company’s cumulative turnover since its foundation in 2016 to €430 million ($457.4 million). 

Founded by Pablo Fernández Alverez and Carlos Rivera in 2016, Clicars is planning to more than double the size of its reconditioning facility from 40,000 square meters to 90,000 square meters. The expanded facility will be able to process 5,000 cars a month, up from 2,000 at the moment. In February, the company revealed that it had begun to purchase vehicles directly from private owners in Barcelona, Valencia, Seville and Malaga. 

Clicars has undergone something of a management reshuffle recently, with chief sales officer (CSO) Carlos del Valle appointed CEO in early April, replacing Alverez and Rivera, who had been the company’s co-CEOs since its foundation. Meanwhile, chief financial officer (CFO) Julien Divay replaced del Valle as CSO and was himself replaced as CFO by María Ares de Andrés. A month earlier, Clicars appointed aerospace industry veteran Susana Díez Gutiérrez as director of its reconditioning facility. 

In 2017, Clicars was acquired by French company Aramis Group, which is majority-owned by Stellantis Group, the car manufacturer formed by the merger of PSA Group and Fiat Chrysler. Apart from Clicars, Aramis Group has three digital dealer/car supermarket brands: AramisAuto (France), CarSupermarket (U.K.) and Cardoen (Belgium).

Print Friendly, PDF & Email

Related Articles