Carvolution founds subsidiary Farie, a used car platform
Car buying and selling takes place completely digitally on Farie.ch
Every car purchase on Farie comes with a 14-day money-back guarantee
Farie already employs ten people shortly after its foundation
Carvolution launched its car subscription concept for Switzerland in 2018. Now the Bernese company has founded Farie, launching a digital platform for buying and selling used cars. On Farie.ch, cars can be bought and sold in just a few clicks. A 14-day money-back guarantee and the 310-point check provide transparency and trust.
Bannwil, March 2022 - Carvolution has been one of the most successful start-ups in Switzerland for years. By founding Farie AG, Carvolution is taking another step in the value chain, making it possible for the buying and selling of used cars to no longer take place on the gravel lot, but directly on your own smartphone on Farie.ch. The used car platform relies on simple, digital and transparent processes and thus complements the service of the all-inclusive car subscription from Carvolution.
The decision to found another company for buying and selling cars is obvious for Olivier Kofler, CEO of Carvolution: "At Carvolution, we have one of the largest fleets in Switzerland. Farie can broker former subscription vehicles directly to the end customer. In addition, we have used our skills and completely digitalised the processes around buying and selling." Carvolution customers also benefit, because the start-up Farie enables them to simply sell their old car before receiving their new car on subscription.
New company with its own team of experts
Farie AG consists of a dedicated team of ten employees and operates independently from Carvolution. On the digital used car platform, buyers are offered inspected and carefully prepared used cars. The attractive conditions are achieved through the digital processes in purchasing and the data-driven car valuations. In addition to the fleet of vehicles from Carvolution, Farie purchases the majority of its used cars directly from private customers. They can request a free online valuation for their car with just a few clicks.
Those who buy their car on Farie.ch benefit from a 14-day money-back guarantee. Every car is checked and reconditioned as part of a 310-point inspection. In addition, there is a free one-year warranty with every purchase. Johannes Weirather, CEO of Farie, knows: "Confidence is the be-all and end-all when buying a used car. That's why the 14-day money-back guarantee is a matter of course for us. Because all vehicles on Farie.ch meet clear criteria and quality standards, they undergo a careful 310-point inspection, which is why no customer has ever asked for their money back." In addition to the online purchase, Farie offers a simple financing process together with Bank now and delivers the vehicles throughout Switzerland with Cotra Autotransport AG.
With Farie, Carvolution not only takes on another part of the value chain, but also secures additional independence from other market participants. In the now competitive car subscription market, this flexibility is central, says Carvolution CEO, Olivier Kofler. "With Carvolution, we have got things rolling in the car subscription market and will further accelerate our growth thanks to the synergies with Farie. In addition, we are using our know-how and expertise to build Farie so that car buying and selling becomes digital, simple and transparent for the benefit of customers."
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