Kvdbil is one of Sweden’s largest independent online marketplaces offering valuation and broker services for second-hand vehicles (company cars and private cars) as well as sales of related products and services. Every week more than 500 second-hand cars are sold on online auctions through kvdbil.se. Kvdbil is an independent broker that handles the entire transaction from client order to end customer and guarantees the quality of the brokered item through testing. Sweden’s leading car valuation company, bilpriser.se, and machines and heavy vehicles broker Kvdpro are also part of the Kvdbil Group.
The market for company cars is stable, with car dealers comprising the largest competing channel for sales to end customers. Kvdbil’s market share is approximately 10% in Sweden, making it the market leader. The market share for private cars shows a high rate of growth. Competitors in brokerage of private cars are primarily traditional car dealers and private sales to another private individual. The market share in heavy vehicles is approximately 7%.
Kvdbil’s offering comprises an independent, well-functioning marketplace for both a second-hand and third-hand market, which contributes to more efficient use of resources and sustainable societal development. Kvdbil’s growth ambitions are to create satisfied return customers through its reliable and transparent selling process, and to offer its employees an attractive work environment. Customers’ willingness to recommend Kvdbil and employee well-being are thus key factors for the company’s development. Kvdbil endeavours to reduce its environmental impact in the form of greenhouse gas emissions and its target is to achieve a 20% reduction from the 2016 level by 2020.
Digital growth initiatives
Kvdbil has a highly competitive business model with vast potential for growth, primarily within privately owned cars, where the market share is small, and there is a demand for this service from both private buyers and sellers. Developing strategic partnerships, automating processes, designing a better IT platform and adding new add-on services are other focus areas.