Introduction from CEO Peter Grøftehauge

Written by Autorola in category 
October 28, 2020

Welcome to our October newsletter, we hope Q3 was a healthy quarter for your business as countries moved out of lockdown.

There are signs that Q4 will be another good quarter for the used car sector, although we are starting to see the big new car sales push for EVs and hybrids impact on pricing of used cars.

Stock turn of EVs and hybrids is slowing
Pricing is starting to slow, and stock turn is also considerably lower than petrol and diesel cars which are in short supply. It will be interesting to see how this pans out to the end of the year and our INDICATA director Andy Shields looks at these insights in a little more detail.

He will also be speaking at the virtual Fleet Europe Summit which has been announced for mid-November. All three divisions of the Autorola Group will be in attendance and while we are sad we can’t see you in person, the summit will be the next best thing.

Our Marketplace director Morten Holmsten will also be on the jury and our Solutions director Ib Kimose will be in attendance.

We look forward to networking with you and encourage you all to stay safe.

Best regards
Peter (LinkedIn)

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