[crosstalk] BTG is mediating this video conference and will send the questions to us. To talk about the transaction that is being proposed by Simpar, with regards to Vamos, I'd like to share with you a presentation. Okay, then. This presentation is about a strategic restructuring, resulting in the creation of a new NewCo. On this first page, and I know that it's a small print, so it is hard to read, but I'm going to go item by item so that everybody can understand thoroughly what the kind of transaction we are talking about and which structure. So the proposed transaction has the objective of having Vamos Locação becoming an exclusive company dedicated to the rental segment. As a consequence of that, we are going to have the separation of Vamos Concessionárias and its combination with Automob.
Vamos Concessionárias is a wholly-owned subsidiary of Vamos Locação, that operates dealer shops of several brands: MAN, Valtra, Fendt, Manitou, Komatsu. I think I'm not forgetting any. And then out of this combination, we are going to have the largest and most diversified dealer group, that is already starting as a company listed in the stock exchange. So three companies are involved: Vamos Locação itself, which is the listed company, Vamos Concessionárias, that is a wholly owned subsidiary of Vamos Locação, and Automob. For those that don't know Automob, that is an initiative of Simpar, aiming at consolidate the group's operations in the sales of light vehicles, parts and F&I. So this is the description of the three companies. A summary of the transaction. The separation of Vamos Locação and Vamos Concessionárias will take place based on two mechanisms.
First, the payout of in-nature dividends by Vamos Locação, by means of the issue of shares of Vamos Concessionárias. That is, we are going to pay out dividends with the delivery of the shares of Vamos Concessionárias to the shareholder base of VAMO3. That is not going to be enough to deliver the total of shares of Vamos Concessionárias. So after this first move, we are going to have a spin-off of Vamos Locação. So you have the spin-off, and then you're going to have the shareholder base in Vamos Concessionárias. That is exactly the same as Vamos Locação. So you pay out the dividends through shares of Vamos Concessionárias, then you spin-off, and you have the remaining balance to the shareholders of VAMO3.
If you, today, have one share of the company, in the future you will have two: one of Vamos Locação, per se, with the same shares that you have today, and another of Vamos Concessionárias, that, as of now, I'm going to describe the steps that are going to result in the combination with Automob. Before this, I'd like to highlight that the spin-off process we are talking about will proceed with the transfer of investments of Vamos Concessionárias, but also it will eliminate intercompany operations between Vamos Locação and Vamos Concessionárias. One regarding BRL 400 million of a commercial note and another BRL 350 million of amounts receivable. This is going to be spin-off, and consequently, when you consolidate the new company, this is going to be eliminated. Very well, then. Let's now talk about Vamos Concessionárias in its process to consolidate with Automob.
The first step, once created Vamos Concessionárias as a listed company, is to acquire, in cash, 35.49% of the total shares of Automob. Today, Simpar group holds 79.4% of the total shares of Automob, and the 35.49% to be acquired by Vamos Concessionárias in cash, will be sold from the portion belonging to Simpar for the amount of BRL 1 billion in cash. Once the step is completed, we go to the merger of Automob by Vamos Concessionárias. The merger, the incorporation of Automob, will eventually eliminate the corporate taxpayer number of the Automob holding, and all shareholders, be them coming from VAMO3 or from Automob, are going to be all aligned in the same company, a company that is going to be in Vamos Concessionárias.
Although the taxpayer number of Automob is eliminated, the brand to stay is Automob. So the NewCo later on will be called Automob. The merger, when we look at the business combination and at the contribution of Automob and Vamos Concessionárias to the making of the new equity value of the NewCo , we have that Automob contributes with 56.33% of new company, and Vamos Concessionárias with 43.67%. So when you get to the end of the process, the shareholders of Vamos will hold shares of two listed companies, Vamos Locação, with a share that is exactly the same they have today, and shares of the NewCo , that will be called after consolidation, Automob.
As a result, they will have a share in this new company of 64.12% to Simpar, 21.39% to the shareholders coming from Vamos Locação, and 14.49% to the shareholders and other shareholders coming from Automob. These are the shares. The board of Simpar has approved the transaction. Simpar has forwarded to Vamos board of directors the proposal, asked for it to hold an independent committee to assess the transaction. The committee is already established by three members. They are Augusto Cruz, Flávio Valadão, Maria Fernanda Teixeira, all three independent members. The proposed transaction will be decided by the shareholders of Vamos Locação when the extraordinary general meeting is called.
Completion of the transaction will depend on the approval of the board of directors of Simpar and Vamos, the absence of any opposition by OEMs of the respective dealers, and all the usual precedent conditions in this type of transaction. On this page three, we bring to you the several moves I already described on the previous page. I'm not going to repeat myself, but this is the visual detailing of what was said on the previous page. The final result is here. So again, on your left, you have the current structure. So this is the structure you are familiar with for Vamos today, and this is the current structure of Automob.
And then when you move to the completion of the transaction, you have Vamos Locação fully dedicated to the rental activity, and still with two subsidiaries, Vamos Seminovos and truck and equipment customization activities, VMB and Truckvan. And here you have the final structure of what has become of Vamos Concessionárias, that we are called the NewCo. This company is going to control whatever company below comes from Vamos Concessionárias. The respective shares are here with the shareholder base, the minority shareholders coming from Automob, VAMO3 and Simpar. So this is the final result, and this is what we want to achieve. So the idea with the transaction is to have first Vamos Locação completely dedicated to the rental segment.
And when you do that, you no longer have a tie with specific dealership brands, and that's make it easier for you to offer products and services of any brand or network, therefore expanding opportunities for growth, diversification and consolidation of Vamos Locação as an absolute leader in Brazil in its activity. Item three here was first observed. I think the first time the market approached us requesting this was March or May 2023 . The investor base said that it understood that with the growth of dealerships within the core rental activity, there would be a preference for allocating capitals in different segments, because there were different cash flow behaviors between a long-term rental contract, five years in a segment that was just beginning its activities vis-à-vis, dealership activities.
Although the equipment is similar, that would make it easier for investors to allocate capital. That is, to have the two activities separated. So the move is aligned with the desires of most investors. The NewCo that is just starting is the largest and most diversified network in Brazil, with the largest portfolio of brands, products and services, 192 stores and revenues in the last twelve months of BRL 12 billion . And also working in different segments, light trucks, heavy trucks, construction, mining, forestry, and agricultural equipment. There is no doubt that there are synergies to be enjoyed between the Vamos dealership activities and Automob.
Today with me, and I forgot to mention, and I apologize, that we have Antonio Barreto, Barreto, that is the CEO of Automob, Couto, the CEO of Vamos, Cezário, CFO of Vamos, also here to answer your questions and list the benefits we see in the process. As we mentioned, enjoying a single financing desk, F&A, integration of systems for the assessment of used assets, and also the planning to explore parts sales in Brazil. Finally, but not least important, we create an asset for the Brazilian stock market that is still not available, creating a very interesting diversification. It is an asset that you don't usually find in the stock exchange, and you have, with this new company, extra exchange currency, which are shares that are listed in the stock exchange.
That will certainly help with the consolidation of the segment. Here we are highlighting in the footnote of the page, something that I think is very important. Vamos Locação and Vamos Concessionárias already have independent management structures, which helps us to separate business units immediately and in an efficient manner. Saying that, we already tell you that once the transaction is approved, the CEO and CFO of Vamos, that is Couto and Cezário, as well as the other officers focused on rental, are going to continue working with Vamos Locação and the NewCo. Antonio Barreto, that is here, is already the CEO of Automob, so he would take over as the CEO of the NewCo. Here you can see that, reporting directly to Barreto, you have the same structure according to the brand profile.
Solti, Mauricio, that are also our shareholders at Automob, Ricardo, that takes care of Honda and Toyota brands, and Christian, that until then was within Vamos, but exclusively focuses on the dealership business for trucks, machines, and equipment. We believe this is a very easy transaction to perform. It's practically plug and play without any further complications. Here on page seven, we bring a bit of what Vamos Locação would be like as an individual company, that is, without any interference of dealership numbers. Again, it proves the segment that is just starting in Brazil, with a fivefold increase in terms of net revenues, a bit by seven. Net income a sixfold increase since 2020 . Very stable in terms of income and growth.
So a very stable business that is just growing. And here, isolatedly, we have the return on invested capital of the rental business. Again, individually, this morning, if I'm not mistaken, someone told me that the return on equity for Vamos alone, and I'll confirm that, but I think it's above 25% return on equity. But anyway, we are going to confirm that later on in the call. So high growth rate, so a combo that is very hard to, for you to have. And here, what is very important is what leverage is going to be all about. Leverage that you're going to see in the first individual balance sheet of Vamos Locação, if the transaction is approved, is leverage that should be equal or lower than the leverage you saw in the second quarter 2024 consolidated basis.
This is the snapshot of what we would have based on the last twelve months. I would close this page for Vamos Locação, saying two things: one, the percentage of VAMO3 investors in the business is going to be precisely the same of what they will have in Vamos Locação. The capital structure that, today is basically supported by the cash generation of Locação continues preserved, and its capacity to grow as well. Two very important points. When we go to Vamos Concessionárias, remember, Locação and Concessionárias are two assets that you very well know today, but we are just portraying the recent behavior of these businesses isolatedly. In revenue, we had, again, very important evolution since 2020, with the addition of new dealers.
We had growth of revenue represented on the first chart, the last twelve months, with revenues of BRL 2.5 billion. In EBITDA, we see how cyclical the business is, and the market said that this is one of the reasons for the two businesses to be separated, and so that they could manage different portfolios. Clearly, you can see since the peak of 2022, today, we are at the low of the cycle with a combination of several dealer activities of Vamos. The same applies with profitability. After a peak and excellent result in 2022, today, we are going through a repressed demand, especially related to agribusiness. Here, I would close with a few remarks.
Agribusiness is cyclic, but whatever chart that you get for agribusiness in Brazil is always ascending. So we believe it's very important to be positioned in agribusiness, and for truck dealerships, which also has an important share in the business, well, this is an extremely resilient business and is gradually developing in a very steady manner. That just does not happen when we have a change in technology. It happened when we went from Euro 4 to Euro 5, and then from Euro 5 to Euro 6, so what happens is that people advance purchases to get prices at the technology that is available in the last year, and then the first year of the new technology, you generally have lower demand, but that becomes stable and gradually grows as time goes by, and then here you get to what is new.
Automob is the new element, for you that we are proposing now for the business combination. Automob is the largest dealer network for cars in Brazil. If you think of the amount of brands, 28 brands represented, you have two motorcycle brands as well, and we have been having an approach of concentrating efforts in specific regions and really stretch our footprint in the area. This is consolidation efforts that have proven a capacity of really doing things. We started the process in 2021 with BRL 732 million of net revenues, and a bit more than two years passed, we have more than BRL 9 billion revenues for the last twelve months, most of it coming from acquisitions, but we also some very leverages, talking about the increase of same-store sales.
And what we are doing, and so far we are the only ones to do that, is something that is already happening in the U.S. That is, the best companies in the U.S. are already having these efforts of consolidation, and here we have the opportunity and benefit of being, for now, the first and only player to do that in Brazil. We also have expressive evolution of EBITDA that grew by twelve times, in the period, reaching in the last twelve months, BRL 457 million. So we see continued, growth rates and net income, again, because it has this retail profile, but showing a bit of cyclic movements. But again, when you put together operations, you have, a scale that is second to none, as well as diversification.
The takeaway message here when we close Automob is the following: Automob is leading the consolidation process, and value levers that we have are very simple, because they have to do with increase, what Americans call same-store sales. We have in our DNA experience in selling more used cars than new cars by point of sale, and that for Automob is something that we have been working on for several years. When you take a look at the Brazilian average, it's about a fourth or a fifth of used cars per new cars. So this is most of our value leverage. Not to mention that with scale, rebates in purchases and finance and insurance is a lot better than when you have lower scale and lower volumes. So it is a unique opportunity.
We are extremely well positioned and equipped in terms of people and executives, and everyone will be able to enjoy the benefits if the transaction is approved, so the final result of the combination of Vamos Concessionárias and Automob, a huge number of brands already represented in different segments, so very interesting diversification in portfolio. A presence that is materially expanded in terms of geography in Brazil, 192 stores, 34 brands, 12 states, 5.2 thousand employees. I talked about the portfolio of light vehicles, trucks, machinery and equipment. Very strong organic and inorganic growth with expansion of agribusiness, better use of Automob locations that have been acquired in M&A transactions, and market fragmentation will certainly bring us opportunities for new acquisition moves to very interesting positions.
In addition, we have an array of car activities and our own used network that is called seucarro.com. So Automob today is essentially something that is very similar to leading companies in the U.S. that have been consolidating, but inside, we also have an embryo, seucarro.com, that can be compared to American companies dedicated to used cars, like CarMax. And here you see just the sum of Automob and Vamos Concessionárias based on the last twelve months. So here, just talking about financials, we are talking about net revenues of BRL 12 billion , and we see that by the end of the year, we would have more than that. The same applies for gross income in the last twelve months, BRL 1.6 billion , EBITDA BRL 418 million .
So we reported a growth rate that was very high for Automob EBITDA, and we know that the EBITDA Vamos Concessionárias, after we hit the low part of the cycle, is just about to improve. And here you have the combined net income of BRL 20 million, but a material change ahead of us. And in terms of net debt, Automob individually has BRL 988 million of net debt. Vamos Concessionárias has net cash of BRL 332, and that would, in a simple math, leads to BRL 656 million of net debt. That is just a combination looking 12 months back. If the transaction is approved, we are going to have another BRL 1 billion of debt.
Remember that any relation that you have here in terms of leverage, looking back, we understand that by the end of the year of 2024, with what we have seen so far until this month and what we expect, the year to end, we are going to have a leverage level much lower than what we see today. That gives us the comfort to perform the transaction. As for growth levers and opportunities for the creation of value, I'll just say that again, this is a highly fragmented market with substantial potential of organic and inorganic growth.
As we mentioned before, the market share of the new company is low in the several markets, 2.9% in new light vehicles, 0.3% in used light vehicles, 1.1% in new trucks, 0.1% in old trucks, used trucks, and et cetera, 0.9% in construction and mining machinery, and 1.6% in forestry and agriculture. So this is all to be captured. And one item that I mentioned that I think is very easy to understand, because we already have evidence of evolution, it is a relevant potential of expanding used car sales in same-store sales. To used assets per one new asset. After acquisitions with the portfolio we have, we are working to improve and enhance the volume of sales at acquired locations, and we are at 0.9, that is 0.9, used for each one new.
Remember, we, in our operations, we had 1.3 used for each one new. So I think this is very, doable, and it is already being done. Barreto has examples that shows that there are some locations that grew sales by 30% in the first year, and in the second year, of course, we have to consider the physical barriers, for it to happen. Operational synergies, we talked about scale in the negotiation of agreements and deals with OEMs, banks, insurers, and all suppliers of products that have to do with the core access, the reduction of fixed costs, a better funding position because of scale and because of being a listed company, in addition to the integration of technology and the use of existing processes.
We believe in the cross-selling of products and services, and we believe that we are the best and most, well-positioned group in the segment, with differentiated scale to enjoy all opportunities. On page thirteen, we have the timeline of the transaction. As I mentioned, after sending to the board of directors of Vamos for approval, we created the independent committee. The independent committee, with all the rationale that was submitted to support our proposal to the board of directors of Vamos, we had the support of first-line financial institutions for the proposal, which already brings a set of documents that are very strong, and that has already been received by Vamos, and the independent committee will have the freedom to hire an independent financial institution to assess them in the process, with a fairness opinion, an assessment report that is available to investors.
If that is completed, as they want it, in the period of 20 to 25 days, the sequence would be return their opinion to the Vamos board of directors, and then Vamos would call the general meeting. And therefore, the transaction should be voted by the end of November. That is, we believe that all the process will still be completed in 2024. At least this is what we believe. I thank you very much for your attendance, and I am here for your questions. Again, we have Barreto, Automob CEO, Couto, Vamos CEO, Cezário, Vamos CFO, and myself, representing Simpar as the proposer of this transaction. Very good, Dennis. We have some questions here, and I'm going to start. Could you talk about governance for the approval of Vamos Concessionárias valuation?
Who is going to be the independent committee, and also timing of Automob listing? Okay. The process that was described here, that is, you have the independent committee to assess the proposal. That enables Simpar to vote in the general meeting. Now, whether Simpar is going to vote or not, this is going to be a decision of the board of directors of Simpar, and that decision has not been made yet. But it's important to remind you all that, for the time the company has been listed, we had other transactions in which we did create the independent committee, but we decided to delegate to minority shareholders the opportunity to vote and make their decisions. The first time we did that was with the incorporation of light vehicle dealers back in 2011. We had 96% of the votes.
Then we had the corporate restructuring of Simpar in 2020, the merger of CS Frotas into Movida in 2021, and the merger of Ciclo within Simpar, also in 2021. And the three transactions had unanimous approval by the shareholder base. So the process is within best governance standards and has this option the possibility of Simpar voting, but this is a decision of the board of directors, and the decision has not been made yet. And it's important to mention that in the other cases, we created independent committees and also followed the procedures. As for the independent committee, just to go back again on page two, the committee has already been established with Augusto Cruz, Flávio Valadão, and Maria Fernanda Teixeira, all three independent members.
And remember, the independent committee could be mostly composed of independent members, but the option was for the three members that are part of the committee are independent members. I think this is another. There is another question? Oh, the timing for the listing of Automob. Yes. The listing of Vamos Concessionárias has already been requested. So following and, and the third, the time for each one of the moves, I think this would be available close to the time of the general meeting. That is end of November, perhaps beginning of December. Once again, if the times, moves are as usual. Another question: Is Simpar is going to vote in Vamos general meeting? Will the listing of Automob accelerate consolidation? Is the transaction to be approved by Vamos minority shareholders only?
The first and third questions have just been answered by me. So again, there is a process structure that enables Simpar to vote. Now, whether it's going to vote or not, when the time comes, is to be defined by the board of directors of Simpar. So the answer, for now, as I just mentioned in the previous answer, has not been defined. As for the business part of the deal, I think we have an important creation of value, and we have to tell you what the Automob opportunity is all about. I think, yes, consolidation can be accelerated because you get a very important exchange currency in the process. So we are always talking in the market. There are always conversations going.
Now, you know that the group's M&A stands at Simpar level, and that gives us visibility that opportunities are many. So many opportunities that can be completed. So yes, I think there is a possibility to accelerate consolidation using the benefit of a listed company. Another question: Will the transaction generate any right in the companies that are involved in transactions? No. Withdrawing rights, no. Can you explore the opportunity of no longer be restricted to specific brands? I understand that, that has to do with expanding the offer of rental services. Also, you can buy assets from different brands, so diversifying your assets. Is there a possibility of Vamos controlling shareholders delegating the votes to the minority shareholders, as we did in other transactions? Okay, this is the final question. Yes, I'm going to answer it again.
Yes, there is the possibility, but we haven't defined that yet. And Couto is here as the CEO of Vamos, so he can answer the first part of the question. Couto? Thank you, Dennis. Thanks for the question. I think that, Vamos, operations were, rental operations, were always, have always been multi-brand. That is, the assets we bought for rental were assets that perfectly fit the operations of our customers, depending on each segment and operation. So that continues to be, the purpose of Vamos Locação. And that, yes, brings us opportunities of, doing business with, others that we haven't had the opportunity before. So it gives us more flexibility to work with dealers of other brands, other OEMs.
So I think it does pose opportunities and more commercial flexibility without losing the synergies that we already have in our operations. Thank you, Couto. Thanks, Couto. Another question: Could you give us some details of the annulment of inter-credits and debits between the operations? Yes. Let me see. Yes, if I can use your slides just to help with the answer. Today, in terms of credits, we have within Vamos the Vamos asset, we have two items. We have the credit note of BRL 400 million, and we have a receivables account of BRL 350 million. These assets belong to Vamos Locação, and they are in an intercompany transaction between Vamos Locação and Vamos Concessionárias.
When you separate the companies, what you carry is the following: You have the remaining shares of Vamos Concessionárias, you take to this NewCo listed companies, so you have the shares, and also these assets of Vamos Locação, that are, in a way, the counterpart of a liability of Vamos Concessionárias. So when you put it all together in the same company, that is the NewCo, that is going to be listed, because it's going to have the assets and the liabilities, it is practically something that you are canceling. What I think is important when this question is asked is the following. I hope I have made it clear, but I'm going to add my comment.
When you have the spin-off and, you know, the payout of dividends and then the separation, the segregation, you are saying that, the combination with Automob is possible, but it also preserves the balance sheet of Vamos Locação. The remaining balance is going to be as good as it is today, because the leverage of Vamos Locação is very similar or even better than what you saw in the consolidated numbers of the second quarter. That is, the company will be able to continue developing without any problem, and at the same time, we are going to start deleveraging. And why is that? Because the moment the dealer segment is going through is a low in terms of cycle, and that hurts leverage, even with the possibility of the spin-off. So this is what I had to say about the question.
I hope I have clarified your question. We have some more questions here. Are you going to have a general meeting for Simpar and Vamos to approve the deal? Not of Simpar. In Vamos, we have a general meeting for debenture. So in Simpar, no, Vamos just won a debenture of BRL 280 million with maturity next year and the year that follows, so it's relatively short.
This transaction, when it happens, that is, when it is formally sent to the general meeting, it will already have, and I'm being positive here, with a credit line in volume and costs that are suitable for this kind of deal, both for the value of acquisition of Automob, the BRL 1 billion I mentioned, as well as the need to replace the BRL 280 million in debentures that I mentioned. We have other approvals to be made in terms of credits and financing, but these are more related to, you know, protocol moves, more related to the development of the business itself, and we don't see any problem with that. Thank you, Dennis.
Another question: It would be good to give you more details about how you got to the final share of NewCo, because with the informed data, we cannot get to the final values. If the shareholders of Automob have 56%, minority shareholders should have 11.6% and not 14.5%. Okay. To be able to support the question, we brought to you on page 24, as the filed material. Yeah, you're not sharing your screen anymore. Just a second. You can say that. It's okay. Yeah, you have the BRL 1 billion of the debt. Okay, so what do we have here? What was the rationale in the process? We saw lots of people, a bit concerned.
They were asking for the separation and individualization of the businesses, but at the same time, they weighed that, at the time of the spin-off, you could have some negative impact because of the cycle the dealership business was going through. You saw that on slide. For us to remove any long-term distortion, we use the fundamental amount of each of the companies, that is eliminating distortions. So if you take what was acquired in cash, you're going to do the math, and you're going to get to Automob's actual value. That was the estimate. But if you use these percentages to your right, how much Automob will contribute for the new company and how much Vamos Concessionárias contributes? You see, Vamos Concessionárias has an important share, and if you do the inverse math, you get to a fair, healthy value with regards to Vamos Concessionárias.
As Barreto very well put it, we have to be taking care because there is part that is being acquired in cash, and this is leverage. So with all legitimate concern of any shareholder involved in the transaction, for the number to be as fair as possible, one thing I'd like to do as an exercise, and I think it's worth it, is the following: You see in the bottom part of the slide twenty-four, we give you guidance of what we expect in terms of EBITDA for Automob and of income. In Vamos, you already have Vamos Concessionárias. Although, before starting the combination process with Automob, you have the share of 40%, so 40% are other shareholders of Vamos.
So if you individualize Vamos Concessionárias without combining with Automob, that will certainly be a problem because that's going to be a very small company and very hard to be traded in the stock exchange because it's a very small asset. And when you see the profit per share for 2025 , that is forward, I highly believe that based on the expectations we have for Automob, and then when you put together Vamos Concessionárias and Automob, plus the BRL 1 billion debt, and we cannot forget the debt, I am convinced that the profit per share is going to go up. That is my expectation, and I'm not going to give you any guidance. I cannot give you any projection and, you know, beyond what you have here, but you have your own projections.
I would say 21.39, which is the other shareholders that comes from Vamos shareholder base, will have prospectively a profit per share that is higher than if the asset would be alone. That is the added value with Automob. Growth rates and opportunities to profit are huge. And so that is a fair relation, and that's why we made the proposal. I took some time just for you to be able to make your own projections. Thank you, Dennis. Another question: What are the plans for capital allocation after reduction of debt? Any investments in specific areas of the operation? Are you talking about Simpar? Yes. Okay. At Simpar level, we have been very vocal in the past. Our focus, strategically, is to reduce our net debt. So this amount in cash has a business rationale.
Along the years, the natural process has been to develop or create operations until the point we take the assets to market. So Simpar has already three listed companies, and this is the time to monetize. So the BRL 1 billion will return part of the capital allocated in the business by Simpar, and we'll reduce the net debt. People already asked us if we are going to keep it in cash or if we are going to use it elsewhere, but right now, we want to reduce our debt. So that is the strategic guidance that we have. In terms of assets, I would like to say that this portion in cash contributes to the size of the free float of the company that is already listed. And, if it is listed, you don't have IPO.
And when you monetize, you don't have the need for a follow-on. So I think it removes from this asset and other assets, eventual speculations, whether Simpar is going to have a follow-up one here or there. I think it's extremely healthy for Simpar, but also for this NewCo, that is going to have the name of Automob, and also to other companies that are listed within the group. Thank you, Dennis. What is going to be the relationship between Vamos and Automob in the future? Is Vamos going to use Automob's network to recycle its assets? Well, Couto is here, and yesterday, earlier, we were talking about this. Couto? Well, commercial synergies that have been developed are going to continue. So the answer is yes.
We are going to sell some used assets through our dealership network that is going to go to the NewCo, so that will continue. And on the other hand, Vamos Locação was also developing other sales channels, like digital channels, that had even a greater volume than what happened in the dealerships. And we also have third parties, dealers, partners that sell our assets directly to the end customers. And that will just expand opportunities for us to work with other dealership networks, other brands. So we believe this move creates more flexibility, as I mentioned earlier, to Vamos itself. Thank you, Couto. I have one question to Vamos and one to Automob. Vamos, with the spin-off, how the spin-off of dealerships is going to improve the ramp-up of rental?
And for Automob, when you are working with heavy machinery, can it be something that is profitable to Automob? How does it affect your profit? I think for Vamos Locação, we gain agility and better focus on our core business of the company. That is B2B business, so working with fleet owners, companies. So that opens an important avenue of greater focus of the company's core business and the use of resources. Although we had an independent structure for the dealership business, naturally, there was some kind of dispersion in our focus. So I think it does bring us a very good prospect, in addition to operational flexibility for us to expand sales channels for Vamos Locação.
So I'm very encouraged and excited about this new structure because it will bring us greater focus and therefore better development, and naturally contributes to better profitability. I have no questions about that. Barreto, as for Automob, in the short term, Vamos dealership business is very well run. So the specific question on trucks. Truck dealerships are very resilient. They are performing very well. So what we expect in the short midterm is the resumption of the agribusiness business. But the greatest advantage that we see is the diversification of products and segments. As Automob, with all these combined operations, eventually, we are going to better balance volatilities as we see in the agribusiness today. But the truck business is doing very well, and I don't believe we are going to have significant changes in the short term.
I agree with Barreto. Truck business gives us the stability, and you have the prospect of having strong growth for Automob. I think it is an excellent combination of similar business profiles, different kinds of products within a large Brazilian company. And as you were saying, Dennis, because Vamos investors do not know Automob, remember that we are going to have the time to explain the business to everyone, and I think that is going to help a lot for people to understand the new models and et cetera. Yes, very well said, Barreto. Well, we are getting to the end. Once again, what Barreto said is very important. We are going to be 100% dedicated to the process, always available to any of your questions, trying to show t he benefits and value creation.
I think we got to very good terms, because it does create value at all to our stakeholders. To Simpar, perhaps it moves towards meeting its strategy. It creates value to Vamos shareholders, as they have the possibility of having a pure rental asset without any mixed results with the dealership business. That is very characteristic, and is very much based on the performance of the economy. So I think that there is a huge possibility of companies to be revalued. And for the dealership business, the combination with Automob creates a company second to none in Brazil. The leader, the benchmark, the most diversified business, with a huge potential to grow, and it's already being born as a listed company.
So I was in the development process of this transaction, and I'm really convinced that what we are proposing is beneficial to everyone. And here, I include our partners at Automob, that joined us on this journey. So right now, we have a bit more than 500 people connected. Our investor relations teams are here for you. Myself, Barreto, Cezário, Couto, are going to be also available to interact with any of you, to demonstrate the benefits for Vamos Locação, that perhaps are easier for you to understand. But anyway, to really explain the opportunity of this new item that is being included, that is Automob. I thank you very much for your time, and we are here for any of your questions. Thanks, everyone. Goodbye. Have a good day!