Kvdcars is a leading innovator within the online trading of used cars. More secure than private trading. More for your money compared to traditional car trading.
Kvdbil.se is Sweden's biggest marketplace for used cars with more than 26,000 cars being sold per year. Our customers, whether private individuals, companies or governmental agencies, both buy and sell cars through us. We test, value, photograph and write a description for all cars before they are put up for sale via auction on Kvdbil.se. The KVD group also includes Sweden's leading car valuation company, Bilpriser with its valuation website bilpriser.se, in addition to kvdpro.com, a marketplace for machines and heavy vehicles.
We do not sell our own cars but rather act as an intermediary for other parties, which gives us an independent position that allows us to safeguard the interests of both buyer and seller. At Kvdcars, we take care of all aspects of the transaction when you sell your car. You avoid all the work and receive the money in your account. And for our buying customers, we help with all the paperwork and offer affordable car loans, warranties and insurances. The entire buying and selling process is completely transparent; both parties can follow the bidding in real time and see immediately when a new bid is submitted. In this way, we at Kvdcars make the selling process simple, risk-free and profitable for our customers.
Kvdcars – A smoother car deal
KVD was founded in 1991 as Kvarndammen with four employees. Today, more than 180 people work at KVD and we negotiate the sale of 26,000 cars.
1991: KVD was founded under the name Kvarndammen by four consultants whose business concept was, in a society in financial crisis, to help finance companies and banks to sell off existing leased vehicles and to take care of repossessions, valuations and sales of bankrupt estates. At this time the business was focused on Western Sweden.
1994: The business is expanding and now companies and governmental agencies across the country are being offered these services. Public auctions are held every week in premises in Kungälv, premises that today are the site of Kvdcars’ head office.
Late 1990s: Increasing numbers of cars are sold by auction and a website is created where lists of auction cars are published.
2000: It is now possible for potential customers to place advance bids online ahead of the auctions.
2007: All objects sold through KVD are now sold via online auctions and 60 per cent of the company is bought up by the Sixth AP Fund. More facilities for the receipt and delivery of vehicles are opened all over Sweden and kvd.se now has close to 200,000 unique visitors every week.
2010: KVD is bought by the private equity company Ratos. An increasing number of vehicles are exported and the website kvdauctions.com is launched, targeting customers outside of Sweden.
2017 and onward: KVD changes name to Kvdcars and currently has around 180 employees and several facilities and submission agents. Through kvdbil.se, over 26,000 used cars are now being sold annually, and through the marketplace kvdpro.com, around 10,000 machines and heavy vehicles are now sold.
Our environmental impact
KVD’s business concept involves efficiently negotiating the sale of used vehicles for the benefit of both customers and sellers. More efficient resource use is a prerequisite for achieving the goal of a more sustainable society, a goal that Kvdcars pursues and helps to attain.
Buying a used car through Kvdcars is as secure as buying a new car. All cars are test-driven and subject to objective inspection. Documentation of the test results are included in the car’s advertisement during the sale, so that the customer is aware of the car’s actual condition. However, Kvdcars’ testing and reconditioning have an impact on the environment in the form of carbon dioxide emissions during a test drive of around 10 km, and the reconditioning entails water consumption and a risk of soil contamination. Since 2016, the analysis of the environmental impact of the KVD test and reconditioning has continued and the focus will now be to evaluate this development and ensure that these stages have as little impact as possible, while at the same time preserving the quality of the process.
Kvdcars’ energy consumption for 2016 was 11 MWh per employee. At year’s end, one facility was shut down due to inadequate work environment and risks involved in developing the property, a decision which will reduce our environmental impact over time as this facility was heated by natural gas. At Kvdcars our aim is to reduce energy use, and long-term objectives within this area will be established in 2017.
Culture and valuations
We are a collaborative and customer-oriented organisation characterised by being:
We work hard to achieve our goals and we take care of each other. We know that it is important to attain results. And we achieve better results if we also have fun at work!
Company Management and Board
Kvdcars operates within the business areas of auction sales and valuation services online. The KVD Group includes the marketplaces Kvdcars and KVDpro in addition to the valuation company Bilpriser. KVD Group has been owned by the private equity company Ratos since 2010.
Board of Directors
Peter Carrick, Chairman
Tero Merentie, Regular member
Johan Hemminger, Regular member
Johanna Öberg, Regular member
Lars Johansson, Regular member
Andreas Rosenlew, Regular member
Magnus Ulfsparre, Employee representative
Fredrik Wilcken, Employee representative
Torbjörn Wik, CEO
Henrik Otterstedt, Deputy CEO, COO
Olof Andersson, CFO
Per Blomberg, CEO KVD Heavy Equipment
Madeleine Fritz, Sales Director
Jonas Toftefors, CIO
Henrik Littorin, CEO Bilpriser
Kvdcars is owned by the publicly listed private equity company Ratos.
The AGM of KVD has elected the registered firm of accountants Deloitte AB to be the company's auditor.