Welcome to Autorola Group newsletter
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.
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.
Peter Grøftehauge (LinkedIn)