Revenue at Spain-based digital auto retailer Clicars fell by 8.0% year on year (y-o-y) to €340 million ($374 million U.S.) during the 12 months to September 2023 (FY 2023), according to the latest financial reporting of parent company Aramis.
Aramis attributed the decline in revenue at Clicars to the subsidiary “adjusting the production methods at its Villaverde refurbishing center, which temporarily impacted its production levels and therefore the number of vehicles offered on its website and its volumes sold.”
With the opening of a showroom in Zaragoza last month — and another planned for Valencia in the near future — the Madrid-headquartered company is pivoting towards a phygital model
Aramis is 70% owned by car manufacturer Stellantis Group, which was formed by the merger of PSA Group and Fiat Chrysler. Apart from AramisAuto and Clicars, Aramis operates digital auto retail brands CarSupermarket in the U.K., Cardoen in Belgium, BrumBrum in Italy and OnlineCars in Austria.
Like-for-like revenue (excluding acquisitions in Italy and Austria) at Aramis rose by 0.7% y-o-y to €1.9 billion in FY 2023, with strong growth in France offsetting declines in Spain and the U.K. The volume of refurbished vehicles it sold increased by 13.1% to 78,441 units. Gross profit per vehicle stood at €2,161 in FY 2023.