The PSA Group and autobiz Have Signed a Strategic Partnership
20 Februar 2017 - 2:29PM
Business Wire
Regulatory News:
This alliance confirms the PSA Group's (Paris:UG) ambitions
in the used-car business. For autobiz, it rewards the work
accomplished over the past decade in helping car manufacturers and
distribution groups implement turnkey solutions for online
automotive and trade-in pricing.
autobiz SA announces the acquisition of a stake by the PSA
Group. This acquisition of a minority stake reinforces the close
links that have long existed between the two companies as evidenced
by the Reprise Cash By Peugeot and Reprise Citroën websites
developed by autobiz in several European countries.
This closer association will make it possible to fast-track
joint business activities abroad, in Asia and South America in
particular. It does not pose a challenge to the autonomy and
independence of autobiz, which has created teams dedicated to the
PSA Group's projects that are completely separate from those that
service the company's other customers.
Under the "Push to Pass" plan, the PSA Group has established the
objective of becoming a global player on the used-car market and
this alliance with autobiz is a component of this strategy. It
follows on the heels of the car manufacturer's acquisition of a
stake in Aramisauto.
autobiz's pricing is currently available in nearly 30 countries.
Its reliability has made it a benchmark for car manufacturers,
distributors and leasers, for whom price-based management has
become a priority. autobiz has become a major player in Big Data in
its industry on the strength of its unique expertise in pricing.
The company is currently developing a consulting business for
industry professionals and offers its technology to all its
customers throughout Europe.
Based in Suresnes, France, the company now has close to fifty
employees distributed throughout France, Germany, Spain and
Italy.
“The strengthening of our partnership with autobiz is part of
our development strategy for the used-car market, which will
particularly rely on the expertise developed by autobiz in the
field of Big Data” declared Marc Lechantre, Vice-President of the
PSA Group's Used-Car Business Unit.“The PSA Group is a
long-standing partner of autobiz. Its decision to fully integrate
us into its strategic objective of becoming a global player on the
used-car market is a sign of trust for the future” noted Christophe
Louvard, CEO of autobiz.
About autobiz
autobiz SA is a worldwide leader in automotive pricing. Since
2004, the company offers a range of tools to develop the used car
business for distribution, leasing and auto insurance
professionals. It also operates automotive trade-in services for
individuals in Spain, France and Italy. Each year, autobiz SA
allocates 15% of its revenue to R&D and has been collaborating
with researchers from the Universite Paris-Sorbonne since 2010.
About PSA Group
With sales and revenue of €54 billion in 2015, the PSA
Group designs unique automotive experiences and delivers mobility
solutions that provide freedom and enjoyment to customers around
the world. The Group leverages the models from its three brands,
Peugeot, Citroën and DS, as well as a wide array of mobility and
smart services from its Free2Move brand, to meet the evolving needs
and expectations of automobile users. The French automobile
manufacturer PSA is the European leader in terms of CO2 emissions,
with average emissions of 102.4 grams of CO2 per
kilometer in 2016, and an early innovator in the field of
autonomous and connected cars, with 1.8 million such vehicles
worldwide. It is also involved in financing activities through
Banque PSA Finance and in automotive equipment via Faurecia. Find
out more at groupe-psa.com/en.
New media library:
https://medialibrary.groupe-psa.com/
Communications Division - www.groupe-psa.com -
+33 1 40 66 42 00 - @GroupePSA
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version on businesswire.com: http://www.businesswire.com/news/home/20170220005393/en/
MediaPSA GroupAlain Le Gouguec, (+33) 1 40
66 58
54alain.legouguec@mpsa.comorMediaautobizJérôme
Fondraz, (+33) 1 41 44 91 12j.fondraz@autobiz.com
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