Since our February group newsletter, we have seen an unprecedented change in the economic climate caused by Coronavirus.
All our subsidiaries have reported a change in market dynamics while our global online remarketing portal, which hosts auctions in 24 countries, continues to support both vendors and buyers with their used vehicle businesses.
Download our free Covid-19 White Paper
Our INDICATA business unit is the global leader in real time used vehicle pricing and market analysis. It has used its Big Data and market knowledge to publish a free-to-download White Paper to help provide you all with a wider view on how the used vehicle markets are changing in Europe and are being affected daily by the virus.
By using its real time pricing data generated from tracking 9m online used car adverts daily across Europe the White Paper provides a country-by-country overview of how sales have been affected at various stages of the pandemic.
This data and analysis will help support you in making more informed business decisions over the coming days and weeks.
It gives businesses a more strategic overview of the used market on a Medium-Case, Best-Case and Worst-Case scenario, sector by sector (dealers, OEMs, contract hire and daily rental) with recommendations on how to combat these challenges.
We have provided a snapshot of the White Paper in this newsletter, but please feel free to download the document in full. We hope you find it useful and we aim to provide you with regular data used car industry updates during this global pandemic.
Download the White Paper here: www.indicata.com/corona
We hope you and your businesses stay healthy over the coming weeks.
Peter
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NEWS
Introduction from Peter Grøftehauge
INDICATA White Paper highlights the impact of Covid-19 on Europe’s used car industry
Download a FREE copy of our White Paper at www.indicata.com/corona
INDICATA’s analysis of nine million used vehicle advertisements across Europe captured every day enables our global leading real time used car pricing and market analysis portal to gain a strong view of used demand retail market pricing. Not only does this give the earliest warning of market challenges such as Covid-19, it also highlights potential opportunities for the industry.
Using these insights INDICATA’s business unit director Andy Shields has written an 18-page, free-to-download, White Paper to understand the immediate dynamics on the European used car market of the global Covid-19 pandemic.
Used vehicle sales fall across Europe
By analysing the number of vehicle adverts removed from the internet, INDICATA data assessed consumer used vehicle sales activity. Northern Europe saw a sales fall of 21.5% between 11-18 March, while southern Europe, including Italy, fell by 44% during the same period.
The White Paper highlights how the last recession played out for both the new and used car markets across Europe and how those same trends may repeat in a world dominated by Covid-19. It puts forward Best, Medium and Worst-Case scenarios – highlighting the challenges and impact each level of severity may pose.
Impacts by sector and contingency actions
The White Paper looks at the potential impact on the rental, leasing, dealer, OEM and OEM banking sectors and the contingency actions each one should consider taking.
In addition, it explores how China is getting control of infection rates, and how this may provide learnings for Europe.
Andy said: “Countries will have different challenges at different times and it’s all about equipping companies with the right data to help assist them to make fast decisions, which is where our pricing insights come into their own. We aim to support the industry with regular updates during the ongoing period of the pandemic.”
Download a FREE copy of our White Paper at www.indicata.com/corona
For more information, please contact me here: Mobile: +44 0 77 75 844 311, Email: ads@indicata.com
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