Last year, carVertical, an automotive data company, increased its revenue by 40% from €53.9 million in 2024 to €75.8 million in 2025. This growth reflects the company’s ongoing expansion across both established and emerging markets, as well as key product improvements and new strategic partnerships established throughout the year.

Belgium has become one of the important markets for carVertical, with strong growth observed in recent years. The country continues to contribute to the company’s expansion, driven by increasing demand for transparency in the used car market.

Changes deliver strong results

The revenue increase reflects the company’s continued focus on strategic expansion. A few years ago, carVertical shifted its growth direction towards Central European countries, with Poland emerging as one of its fastest-growing markets. At the same time, the company strengthened its presence in Western European markets, including France, Germany, and Italy. Currently, this expansion has extended into the United Kingdom, where the company is actively reinforcing its position. Furthermore, the company’s focus remains on several Nordic countries, with solutions tailored to meet the specific needs of these markets.

In the majority of the aforementioned countries, the company grew from 40% to 256%.

The product has evolved beyond standard historical reports, now offering step-by-step guidance to help buyers avoid fraud and make safer purchasing decisions. Within a single report, drivers can now find information about previous owners’ driving habits, as well as a detailed overview of how a car’s price has changed over time and how it may evolve in the future.

The driving habits section highlights periods when the car was driven more or less intensively, allowing buyers to better understand how it has been used, not just how far it has traveled. One of the major updates is mileage prediction – a feature that estimates the vehicle’s likely current mileage and displays it on the existing mileage graph.

“From the very beginning of 2025, we knew that it would be one of the most competitive years of all time – not just a temporary phase, but a new reality. carVertical continues to grow from multiple angles, and despite strong competition in many markets, we are maintaining our momentum. We aim to achieve even better results and expand into new markets in 2026. Markets in unexpected regions are already on our list,” says Rokas Medonis, CEO at carVertical.

Strong B2B performance and expansion into new markets

The company’s growth is also reflected in carVertical’s B2B operations, which have seen strong momentum in recent years. B2B revenue increased by 47% in 2023, surged by 101% in 2024, and continued to grow by 83% in 2025, highlighting the increasing demand for data-driven solutions among business clients.

carVertical also recorded strong B2B growth in Belgium, where revenue increased by 157%. This growth is supported not only by rising demand and continuous product development, but also by new partnerships.

In 2025, the company entered six new markets: Ireland, Austria, Moldova, New Zealand, Bosnia and Herzegovina, and the Netherlands. The number of data sources used by carVertical has increased to over 1,000 – an important milestone that allows the company to provide even richer information to used car buyers and businesses, helping them avoid bad deals.

“Our strategy for growth is not based on luck or momentum – we invest heavily in data quality. Data is the key factor that enables us to deliver more value and deeper insights to our customers. This year, we will continue our expansion and offer even more detailed and comprehensive vehicle history reports, contributing to greater transparency in the used car market,” emphasizes Medonis.

About carVertical

carVertical is an IT data company that collects and standardizes vast amounts of automotive data from more than 1,000 global sources, including law enforcement, national and state registries, financial institutions, and classifieds across 37 countries. This data is transformed into innovative and easy-to-use B2B and B2C products, turning raw information into valuable insights, forecasts, and comprehensive vehicle history reports.