May 26, 2021 written by Autorola
Welcome to our May edition of the Newsletter. I hope you will enjoy reading what’s happening in our Group.
Our MarketPlace director Morten Holmsten shares an update on how online used car sales are performing. Online bids were up 31% in April and 8% in May from dealers who are chasing 8% fewer used cars on our MarketPlace platform.
Semiconductor shortages impacts new car production
Just as the market is starting to settle down after Covid so the global shortage of semiconductors is causing new car shortages which in turn is fuelling an increase in used car sales. Expect to hear more about how this will affect the used car market over the coming months.
Italy’s used car market is very much back on its feet from being one of the first countries to be impacted by Covid. And now we can announce a very exciting partnership with Quattroruote Professional which publishes Infocar Italy’s leading used portal for consumers and the motor trade.
An exciting partnership in Italy
We will be providing them with our INDICATA platform, and we will be adding Quattroruote Professional database to our platform, including the vehicle licence plate recognition system. This is set to be an exciting partnership over the coming years.
Autorola Denmark is the largest of our 19 subsidiaries and recently it has expanded its de-fleet centre network.
Part of the online revolution
We talk to country manager Thomas Friis Pedersen how the fleet division called Bilsalg has been part of the online revolution from day one and has introduced a new level of service to end of contract processes for private leasing customers.
They have taken a very strong partnership approach to growing the business in Denmark and work for some of the largest leasing, finance, and dealer groups in the country.
Read more about their story in this month’s newsletter. We hope you have a busy and a healthy summer.
Peter Grøftehauge (LinkedIn)
Click here to go back to the May news