Millionaire Wing Michael Stang Treschow luxury car dealer is developing strongly – DN.no



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Porsche, Mercedes and Rolls-Royce brand cars adorn the car park in front of the Autoxo car dealership outside of Oslo. Prices start at just under a million dollars, but if you want a Lamborghini Aventador, you pay with seven million crowns. There is no doubt that the car dealership specializes in luxury cars.

– Our typical customer is a good adult man who does well and enjoys a car, "says Thomas Kleven, General Manager.

He is currently driving a Range Rover, but will soon be replaced by Maserati, he says.










Recent years' accounts show that heir Michael Stang Treschow took control of the company. By the end of 2015, he owned 50% of the company. A year later, Treschow increased its stake to 71%, as always by the end of 2017. Olav Medhus is the owner of the remaining shares of Autoxo

Autoxo started in 2015, and in a few years sales have accelerated sharply. In 2017, the car dealer achieved a turnover of 335 million NOK. Part of the growth is due to the fact that the company bought Autostrada Sport, another car dealership in the luxury segment, in 2016. After the acquisition, the company wanted more equity, and Treschow has received a problem.

– He is very interested in the car and is an active owner, says Kleven.

There is no small pillow that has taken control of the car dealership. Michael Stang Treschow took over the family business Treschow-Fritzøe after his mother Mille-Marie Treschow in 2015. Over the years, the company has developed into forestry and natural resources. With the company, Treschow has also taken over 600,000 target forests. According to taxpayers, the man who negotiates luxury cars has a fortune of $ 759 million.

Autoxo as, annual result 2017 (in MNOK) 2017 2016 Edit
Turnover 334.6 293.9 13.8 %
Operating result (ebit) 1.5 5.4 -72.2%
Profit before tax – 0.3 1.6 ] -%

Negative result












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Michael Stang Treschow has increased the participation of the luxury car dealership Autoxo in Høvik. Photo: Fartein Rudjord

As incomes rose, the cost of the car company increased. In 2017, the company closed its operating profit at Nkr 1.5 million and the car dealership earned a pre-tax profit of more than Dkr 300,000.

– He has to increase costs. It took time to build a new organization where we expanded with more employees and new positions. In addition, we have focused on events and events to create special experiences for our clients. Obviously, it costs, but we know that it is also an important investment for the future.

The daily leader believes that the luxury car market is growing rapidly and has great confidence in the future.

– Norwegians get richer and it is more accepted to spend more money on cars. (The terms)