Autonex launches as international automotive marketplace group in Europe and Canada

Autonex has launched as a unified international automotive marketplace group operating in Europe and Canada. The entity brings together established online platforms including AutoScout24 and AutoTrader.ca across nine distinct markets.

The group reports an annual revenue exceeding 800 million euros and reaches over 40 million unique users monthly. It also collaborates with more than 45,000 dealer partners and lists over two million vehicle advertisements. Autonex aims to integrate these local market leaders onto a shared platform powered by artificial intelligence.

The company states that the common platform is intended to accelerate innovation and enhance the experience for both dealers and consumers. Autonex Intelligence, leveraging AI, is set to introduce advanced search functionalities for consumers and automated tools for dealers.

Autonex's operations are founded on leading online marketplaces, a scalable platform, and comprehensive dealer solutions. The group also plans to bolster cross-border vehicle trading within Europe through its AutoProff service.