Truckoo is a young tech startup founded in December 2019, based in Munich and financed by well-known German investors. Our vision is to digitize the current structure of the used commercial vehicle trade and become the digital, Europe-wide purchasing platform for used commercial vehicles and construction equipment.
Today's analog approach to buying and selling used commercial vehicles and construction machinery is very time-consuming and costly, margins are smaller, and the risk of mispricing is significantly higher—all in all, it's simply no longer sustainable. A dealer in Germany is currently storing 40% of its vehicle inventory on his yard for over a year and is seeking export customers via undifferentiated platforms. The phrase "final price" used by export brokers is a tiresome everyday occurrence—the good condition and thus the higher price cannot be communicated to distant customers.
The local German retailer has no means of directly influencing export companies. What do they need? What is their budget? What are they looking for in three months? Customer proximity and knowledge of current demand are lacking.
Our analysis of the problem is the inherent structure of the used car trade. The vehicles are purchased locally, parked locally in Germany, and then offered to international customers via platforms. Prices are quoted based on individual reviews—and margins are sometimes completely overestimated.
Our answer to this is: Our existing truck workshops!
Truckoo, as a tech startup, has set itself the goal of becoming the digital, Europe-wide purchasing platform for used commercial vehicles and construction machinery – in conjunction with existing workshops. As the industry's first digital, Europe-wide platform, we enable workshops to become central service points for purchasing and selling. For the first time, they can leverage their knowledge and close contact with their customers and build a profitable side business – all without great effort and risk – thanks to truckoo as the operating system. Equipped with the truckoo app, workshops can become active for their customers at any time and record the vehicles. The data is offered to our international network of buyers in real time. Truckoo handles communication and processing – completely digitally. An absolute first in the industry!
