2023 has started just as 2022 finished with all areas of our business very busy in supporting our customers around the globe face up to the constantly changing used car market.
Used EVs continue to be the major topic of conversation as they try and secure their place in the used market. INDICATA has been tracking used EV data for the past 2-3 years and we have shared with you our 2022 findings which shows how the market has changed for both the volume and premium brands.
Growing levels of used EV stock
The used EV market now has more cars in stock than ever before, but the recent price correction in many countries is already starting to breath life back into the sector. Our latest INDICATA Market Watch used car insights report shows how all the fuel types are performing in 13 European countries.
Prices have softened slightly in the majority of European countries but used car shortages are a common challenge as reduced new car production continues to impact the second hand market.
Cross border trends
Cross border sales via our MarketPlace online platform are helping balance the supply and demand for all used cars, including used EVs across Europe. MarketPlace global business unit director Morten Holmsten brings us the latest trends on all types of cars across Europe.
Meanwhile, our Autorola Solutions team is supporting dealers to manage their used car trade-ins more efficiently to help them sell more cars more often. Find out more in their short film which brings the Trade-In proposition to life.
Another busy year for Autorola Germany
We also talk to Autorola Germany’s new country manager Henrik Meissner. He discusses how the group’s products and services are supporting customers in a fast-moving used market and how our data is helping make a difference with both vendors and buyers. It looks like another busy year for our German colleagues in 2023.
And after attending the recent ENG remarketing conference it was so nice to meet so many customers, friends and colleagues on the two-day event in Spain. We look forward to seeing you all again soon.
Peter Grøftehauge (LinkedIn)