As we begin a new year, it seems that many of the challenges faced by the used car market in 2021 will remain with us for some time to come.
As the supply of new vehicle stock seems likely to be slow in returning to the levels that were seen before the pandemic, we will continue to see increased pressure on the dealers and fleets to make up for the shortfall in new stock from OEMs.
Limited quantities of used stock should not be seen as limiting the business potential for dealers in the year ahead, as in many European markets the volume of sales has increased. What it does mean for dealers is that to retain a competitive advantage in a pressurised market, the ability to move quickly to secure the right stock, and a willingness to consider cross-border purchases or sales will be crucial in the coming months.
Fortunately, we have seen that more customers than ever are able to rely on Autorola and its business units as trusted partners to achieve all of the above.
Our INDICATA team are trusted experts, with the ability to provide real-time data and valuable insights for dealer groups to help them make strategic business decisions. We know that users benefit from increased stock turn, a better price to market and less chance of being stuck with over age stock, which is crucial at times like this.
This newsletter is our first of 2022, and will touch on what is happening around the group.
The latest Market Watch report is now live and gives deep insight into the market conditions across Europe, as well as predictions and emerging market trends for the year ahead. For anyone involved in the motor trade, it is essential reading.
We also dive into the fastest and top selling vehicles of 2021, which is also part of the Market Watch. If you want to know what buyers have been looking for across European markets, but do not want to read the fuller report, this will give you a top-line overview of the market.
Lastly, do not miss the introduction to Autorola Group’s latest dealer group offering, the integrated fleet monitoring package, which is explained by Autorola’s Global Director, Ib Kimose.
I hope that it proves an interesting read.
Peter Grøftehauge (LinkedIn)