Bilia continues its expansion of sales of used cars under the name of Netbil Begagnat

Bilia's subsidiary Netbil Begagnat has opened a new facility in Gothenburg for sales of used cars. This facility is the latest addition to Bilia's strategic investment in sales of used cars, which includes totally seven new facilities. Netbil Begagnat buys its cars from Bilia's other operations, but also from companies and private individuals. Via Netbil Begagnat, Bilia now has access to a greater range of older cars and more car brands than Bilia has been able to offer in the past.

"Bilia has over the years successfully sold newer used cars. Through this investment we are now broadening our range - of both older car models and more car brands than those included in our core business" concludes Bilia's Managing Director and CEO Per Avander.

Netbil Begagnat now has five facilities for sales of used cars. They are located in attractive business areas in Stockholm (Kungsängen and Kungens Kurva), Malmö (Jägersro), Gothenburg (Högsbo) and Oslo (0kern). As the next step in the expansion Bilia's existing facility in Jönköping, where there is currently auction sale, will during the autumn also start up sales of used cars. Netbil Begagnat also conducts auction sa les of used cars at the other locations. In Stockholm there is also a separate workshop for used cars.

Today Bilia sells about 50,000 used cars per year in the Group. The total market for used cars in Sweden and Norway is about 1.8 million cars each year. Bilia's goal is to sell 25,000 cars via Netbil Begagnat.

Gothenburg, 5 September 2019

Bilia AB (publ) 

For further information please contact Bilia’s Chairman of the Board Mats Qviberg,
tel: +46 8-402 33 00 or CEO Per Avander and CFO Kristina Franzén, Bilia AB,
tel: 46 10-497 70 00.