Introduction from Peter Grøftehauge

Written by Autorola in category 
June 28, 2021

As many of you know the Euros football tournament is currently behind held and is now down to the final 16 teams. There is nothing like a big sports tournament to bring out the competition between countries and the Euros is no exception.

At the time of writing, I am pleased to see Denmark still in the tournament. Everyone will remember Denmark’s first game in the Euros for many years to come and it is an important reminder that the health and welfare of our colleagues is extremely important. The next time you venture into the office take sure you take time out to find out where the nearest defibrillator is in your building as it may save a life one day.

Educating the used car market
Education is what several colleagues have been involved in during May and June as the team have spoken at various industry conferences and have been guests on customer webinars armed with the power of our INDICATA real time used car data insights

We have used those insight again to provide the very latest positioning on EVs in the used market across Europe. Fair to say they are still building their foundation at a time when car makers are in a hurry to speed up EV sales to reduce the fines currently being given by European Governments in our journey towards zero emissions by 2030.

Used car prices continue to rise
The manufacturer semiconductor new car shortage continues to play a part in creating increased demand for used cars and further stock shortages. Prices are rising and this may continue for some months to come.

This balance of supply exceeding demand is truly a global problem as our Mexico country manager Alfredo tells us. Everybody is having to get used to paying more for used cars with Mexico running closed online auctions for Mercedes-Benz, BMW and Stellantis and its franchised dealers.

His team are also looking to extend our online remarketing expertise into trucks and buses. Mexico has become more of an online economy overnight and now more goods than ever are being moved by road by commercial vehicles so used vehicles are in high demand, especially when they are being de-fleeted by the large corporates.

And as many of us are faced with local holidays in July and August we hope the weather is kind to you wherever you are. And do not forget to keep cheering Denmark on for as long as they are left in the Euros. Happy holidays.

Best regards
Peter Grøftehauge (LinkedIn)

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