But the country’s employment rate remains one of the lowest in Europe.
Trading has been tough for car dealers
The new car sales figures are misleading as manufacturers and dealers continue to offer large incentives to continue stimulating demand. These incentives have forced many car dealers to stop trading and there is still a wide range of consolidation in the industry as businesses search for ways to grow and improve profitability.
Used cars is where many dealers are now concentrating their time, so one year on from the launch of the INDICATA real time used vehicle management system it has seen some strong traction.
INDICATA is driving dealer profitability
It provides a swift tonic to helping dealers and OEMs increase used sales. The bigger more professional dealer groups and OEMs appreciate the insights that INDICATA provides will help reduce stocking days. Ultimately profitability is worth investing in.
Its ability to ensure dealers buy the used cars they know are in high demand and avoid those in low demand is a key factor in reducing average stocking days. Being able to also use INDICATA insights to have the confidence to increase prices on a used car a dealer knows is in high demand or in low supply is a major benefit to them. It means Italian dealers can adopt a much more efficient stocking policy which they have welcomed.
Italian used cars are being exported across Europe
Currently up to 20% of Italian used cars being exported through the Autorola Marketplace online portal are being purchased by German buyers, while Austrian dealers are also buying used cars, not just for selling into the home market, but also for export to the Czech Republic, Slovakia and Slovenia.
Meanwhile Italian drivers still prefer German cars whenever possible helping the VW group increase sales in 2017. The Far Eastern brands such as Hyundai and Kia continue to increase their market share to compete with home brands such as Fiat.
Diesel sales remain strong in Italy
Italy is one market where diesel sales are still strong – in 2017 they saw diesel sales rise, while hybrid car sales jumped by a massive 71% in 2017.
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