NEWS

Welcome to Autorola Group newsletter

Dec 12, 2023   written by Autorola



2023 seems to have flown by quicker than any other year I have known, but during this period we have achieved a great deal across all 20 subsidiaries of our business.

We have seen our MarketPlace online remarketing platform sell more used cars than ever before and it continues to play a major part in managing cross border sales as cars continue to move around Europe in search of the best prices and to balance the supply and demand of used cars.

BMW Group has now been collaborating with us for just over a year and we have provided an update on our pan European remarketing contract where the aim is to optimise used car values by selling vehicles in countries where there is known to be the highest demand.


Healthy growth

Meanwhile, our Autorola Solutions and INDICATA business units have achieved very healthy growth as fleets spend more time on looking to control and managing their assets by introducing more workflow processes and using more Big Data to help them make strategic remarketing decisions.

Talking of Big Data, we are all ready to launch our new INDICATA Forecasting product in Europe in early 2024. In this newsletter we give you a first view of the power of its pricing forecasts as The Netherlands publishes a white paper into the predicted impact on used BEV prices in 2024 and 2025 based of the peak in registrations of new Tesla Model 3s in 2019.

Make sure you download a copy of the white paper and contact your INDICATA country contact to arrange a Forecasting trial in the New Year.

Acquiring 100% ownership

As we write this last newsletter of 2023, I am excited to share that I have acquired 100 percent ownership of Autorola Group, buying out the remaining stake owned by my brother Martin. After 30 years it is a ‘natural evolution’ with Autorola Group set to continue at the forefront of innovation in global remarketing within the automotive industry with effective technological solutions for our clients.

I am eager to strengthen our position in the market. As we look to the future, we remain optimistic and ready to face new challenges with the same dedication and passion that has defined our journey so far.

I would like to take this opportunity to wish you and your families a Merry Christmas and a very Happy New Year.

 

Best regards
Peter Grøftehauge (LinkedIn)

Our group CEO Peter Groftehauge looks back at an exciting and successful 2023 for Autorola and is already looking forward to a busy 2024

Dec 12, 2023   written by Autorola

 

2023 has gone faster than any year I can remember but that’s probably because so much has been going on across the Autorola Group.

 

We launched our partnership with Al Futtaim Automotive in January, which gives us presence in the Middle East for the first time and launched our 20th subsidiary.

 

New INDICATA Forecasting product

Our INDICATA colleagues have been working hard on preparing their new Residual Value Forecasting product for launch in early 2024 which should transform the way leasing and rental companies, banks and finance house’s structure and manage their remarketing strategies.

 

Autorola Solutions has had more visibility at exhibitions and conferences around Europe and the Middle East while our MarketPlace online remarketing platform continues to go from strength to strength with buyers and pan European vendors such as BMW Group and smart.

 

Recognition from Ernst & Young 

We are pleased that our Group received recognition once again as I was awarded the EY Entrepreneur of the Year™ Regional prize for the Funen region of Denmark.

 

The EY Entrepreneur of The Year™ award is a globally renowned program and the most prestigious recognition for entrepreneurial excellence, is also celebrated as a symbol of a forward-thinking business mindset.

 

It acknowledges the extraordinary accomplishments of entrepreneurs in more than 60 countries, and I would like to thank my colleagues around the world for helping to make this award possible.

 

Fleet Europe Remarketing Hall of Fame

Also, during our 10th year of supporting the Fleet Europe Remarketing conference they surprised me by entering me into their Remarketing Hall of Fame.

 

They celebrated my contribution to the development of the international remarketing industry and to the power of online used car selling since 2001, even before the Internet was a mainstream trading tool. Thank you, Fleet Europe, for this recognition, and once again this would not be possible without the support of the 730 Autorola colleagues around the world.

 

I was lucky to join Tim Albertsen, CEO of Ayvens, who won the 2023 Fleet Europe Hall of Fame Award who is also Danish.

 

Becoming the 100% owner of Autorola Group

And if that wasn’t enough, I finished the year by acquiring 100 percent ownership of Autorola Group, by purchasing the remaining shares of the business from my brother Martin who I have worked with since we launched the business in 1996.

 

It will continue to be business as usual with me focused on keeping the Autorola Group at the forefront of innovation in global remarketing within the automotive industry. Our commitment to delivering user-friendly and effective technological solutions for our clients is unwavering, and I am eager to strengthen our position in the market. We remain optimistic and ready to face new challenges with the same dedication and passion that has defined our journey so far.

 

2024 looks set to be an exciting year

Looking ahead to 2024, I look forward to the rollout of the Indicata Forecasting product across Europe and Brazil and exploring new markets in the Middle East. Furthermore, a strategic focus will be to integrate big data and AI to continue to deliver state-of-the-art solutions to the global automotive industry. It already looks like being an exciting next 12 months for the group and we anticipate reaching 1,000 employees worldwide by 2028.

 

 

Autorola Solutions looks back at 2023 – a year of global networking and insights

Dec 12, 2023   written by Autorola

 

In response to the evolving needs of the automotive industry, global networking and knowledge sharing has been a priority for Autorola Solutions in 2023

As we bid farewell to another transformative year, Autorola Solutions takes pride in the milestones achieved and the exceptional customer interactions that have defined its journey. In the dynamic landscape of the automotive industry, 2023 has been a year of innovation, recognition, and collaboration.

Customer-centric interaction is one of the aspects highly valued at Autorola Solutions. As such, the company has taken part in several different conferences and events, all over the world, gathering invaluable opportunities to connect with industry leaders, share insights, and stay on top of emerging trends.

Knowledge sharing at the core

Kicking it off in March, Autorola Solutions organised a global sales training programme in Nyborg, Denmark, to achieve coherent customer interaction globally. In November, a group of representatives of customers globally, met with a small team from Solutions in Frankfurt, for a customer2customer event, highlighting knowledge sharing and working towards collective growth. These face-to-face discussions provide invaluable insights into customer needs and reinforce a sense of partnership.

Additionally, this year we have entered a new joint venture into the Gulf region, and Autorola Solutions’ first step into the market was marked by the participation in the Automechanika Dubai conference in October. This provided plenty of opportunities to meet and establish good connections with many interesting new people, as well as building awareness of our presence in the UAE region. To solidify these connections Solutions also participated in the Lease Conference Dubai in November.

Fleet Europe sponsors

Most recently Autorola Solutions participated in Fleet Europe in Lisbon as a sponsor, for the 10th year in a row. Fleet Europe serves as a recognised institution, acknowledging and celebrating individuals who contribute significantly to the advancement of the automotive sector through events like Fleet Europe Days.

This was another great opportunity to meet customers and colleagues in the industry, highlighting the customer-centric interaction, innovative showcases, and relationship building. This positions us at the forefront of the automotive software market, and we continue to improve our products and set new standards for technologically advanced fleet solutions.

INDICATA celebrates the launch of its new Forecasting product

Dec 12, 2023   written by Autorola

 

The Netherlands has published a new White Paper that predicts how a peak in Tesla Model 3s registered in 2019 will impact the used market during 2024 and 2025

Our new INDICATA Forecasting product is set to be launched in Europe during 2024 which aims to support major fleets, banks, finance houses and dealer groups in proactively identifying and then managing the impact of future residual value trends.

 

The Netherlands has recently used its powerful data to confirm that past registration peaks of the Mitsubishi Outlander and Tesla Model S have led to oversupply of used cars in the future market. This oversupply happened typically around five years after the peak and there is a strong correlation with a fall in used prices.

 

The most recent example of this trend is the large number of Tesla Model 3s that were registered in 2019 in The Netherlands that are expected to hit the used market starting in 2024 and peaking during 2025.

 

Negative pressure on prices

As the price of used BEVs has already dropped significantly in the country over the last 12 months, we expect an additional negative pressure of up to 25 per cent on Tesla Model 3 used values.

 

This impact is expected to be tempered by the intense competitiveness of Teslas in the used market relative to their ICE competitors. The oversupply in The Netherlands will potentially result in the export of used Teslas into other European markets that have a more mature demand from private customers for zero emission vehicles.

 

Creating the Tesla Model 3 factor

In our INDICATA Forecasting model we created the “Tesla Model 3” factor which consists of three tiers with each separate one having an impact of different kinds on used BEVs. This impact starts just before the major de-fleet of Tesla Model 3 at the end of 2024 and is set to impact the BEVs for approximately 12 months.

 

Graph 6 shows the life cycle decay of the different tiers. The upcoming peak for the Tesla Model 3s will have a major impact on the residual values of the car. Due to the huge number of cars returning from lease contracts, the entire electric car market will be impacted not just that of the Tesla Model 3.

 

Reviewing and analysing prices and supply

We plan to constantly review and analyse relative prices and supply over the coming months and years.

 

A full copy of the 13-page white paper entitled Assessing the future impact of Tesla Model 3 de-fleet volumes is available by contacting Frank Tanke, Netherlands Country Manager on ft@autorola.nl or the INDICATA NL support team at support@indicata.nl.