The Madrid startup for online sales of second-hand vehicles and kilometer zero motorcycle continues to grow exponentially, achieving in the first half of 2022 a turnover of about 7 million euroswhich means a growth of more than 1200% Compared to the same period of the previous year. With these data, the company hopes to triple the number of affiliated dealers, which currently exceed 2,000.
When the market data regarding the purchase by drivers of second-hand vehicles decreases, Motoreto is presented as an alternative on the rise for dealers, in addition to a complete solution for its digitization. The data for the first half of 2022 mark the good pulse of the company that had already picked up cruising speed when it announced a growth of 40% after the controversy of the rupture of contracts between large automobile groups and dealers. “In a time of uncertainty like the one that the automobile sector is experiencing, dealers are realizing the value that Motoreto brings to them, we are becoming their lifeline, and that is being reflected in these figures”, explains the CEO of the company Marco Conde.
This growth in Spain is accompanied by the progress of Motoreto in the international market. The expansion in Italy has already begun and this 2022 the possibilities of growing in two other European countries are increasingly tangible. The growth strategies are guided by the prudence of the Madrid startup, but its CEO assures that this could be the year to stand out in other markets and do so strongly: “Thanks to the technology we offer to digitize the entire distribution chain, we are carrying out a most efficient expansion, we will end up being present in Spain, Italy and other markets”
Throughout this year, Motoreto will carry out new round uptake in order to transform the supply chain, expand the team of sales developers, digitally transform the sector together with dealers, with the premise that they achieve real digitization that allows them to survive. At the moment, the optimal growth of the company comes from the sale of vehicles at dealerships and from the different SAAS services that digitize the business and the needs of dealers through their adhesion to Motoreto, which allows them to look to the future with good expectations to the sector.