Introduction from CEO Peter Grøftehauge
In just one month I am pleased to see that many used car markets across Europe are opening back up for business now that dealers are allowed to trade again.
Adjusting to a new normal across the used car sector will take some time but according to our INDICATA data insights we have already seen some markets return back to their original sales levels experienced pre Covid-19.
Used car popularity is changing
Pent up demand from consumers is very evident and, in many countries, they are treating themselves to sports cars to celebrate coming out of lockdown. Petrol, hybrid and EVs are also seeing increased sales which shows that the market isn’t simply starting where it left off according to our latest Market Watch report.
This is great news, and for those countries who have seen a more relaxed lockdown Autorola has been at the heart of making sure dealers could still buy and sell used cars online throughout 2020. In this newsletter we have interviewed Henrik Meissner, sales manager at Autorola Germany whose team kept many dealers going with online sales when physical remarketing providers had decided to close.
Useful tips for dealers
Our MarketPlace business unit director Morten Holmsten also contributes more information on how Autorola’s businesses have kept the used car wheels of industry turning as well as providing some useful tips for buyers and vendors.
It has been an exciting 12 months for our Autorola Solutions business unit with the most recent news that it has launched a used vehicle Trade In App which makes buying and selling used vehicles an easy and hassle-free solution for dealers. Watch the film we have made which brings new exciting new product to life.
I hope you find our newsletter interesting and look forward to everyone enjoying a successful remainder of 2020.
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