Autodoc saw its sales rise to over 600 million euros in the first three quarters of the year. This is an increase of around 40% compared to the same period last year.
In 2019, the company’s revenue between January and September amounted to a total of 434 million euros.
Autodoc’s chief executive Alexej Erdle has stated that he firmly believes the company will achieve the announced sales target of 800 million euros by the end of the year – up from 615 million euros in 2019.
The company shown particularly strong growth in its core markets of Germany and France during the fiscal year 2020, with sales rising by well over 50% in the two countries.
Autodoc achieved even more substantial gains in Great Britain, where sales increased by over 80%.
The company’s own brands, Stark and Ridex, also contributed to the above-average business development with sales growth of 65% compared to the same period last year.
The spare parts aftermarket is also likely to benefit from the continued reluctance to buy new cars. In Germany, for instance, the average age of the vehicle fleet in 2020 has increased by 0.1 to 9.6 years, according to the Federal Motor Transport Authority (KBA).
