It’s already over six months since we announced our Middle East partnership with Al-Futtaim Automotive. It is a very exciting partnership for both groups, and we have already had great success with working with Al-Futtaim dealers and its Hertz franchise in the region. In this newsletter Ib Kimose, Autorola Solutions global business unit director tells…
The joint venture between Autorola Group and Al-Futtaim Automotive was announced in December 2022 providing us with our first presence in the Middle East. It was the result of many months of conversation between our two companies culminating after six months of setting up an entire integrated platform for used vehicle handling and running…
Kia Austria was one of the first OEM customers in Austria to use Autorola’s Fleet Monitor workflow monitoring tool that supports vehicle fleet owners of all sizes to process their volumes in the most efficient and structured way – from acquisition to disposal. Managing the whole vehicle life cycle Kia has now been working…
INDICATA Italy saw a big increase in demand for its used car data insights during the Covid pandemic. That demand contributed to a good business performance in 2021 with many dealer group customers coming on board during that time. Italian dealers use INDICATA to check how competitive their used cars are against local rival dealers….
Used petrol and diesel cars dominated the European market in May taking 42.7% and 42.1% of sales with hybrids and EVs creeping up to 11.7% and 3.4% respectively. But the most interesting trend currently is the balance of Market Days’ Supply (MDS), which represents available used car supply divided by its current sales rate. Used…
Europe’s leading magazine Fleet Europe has interviewed our group CEO Peter Grøftehauge where he discusses our fantastic business performance in 2022 and looks forward to an exciting 2023. This includes the growth of the Al Futtaim partnership in the Middle East, the launch of INDICATA’s new Residual Value forecasting tool and what the future looks…
Welcome to the second newsletter of 2023. There is no shortage of activity within the global used market as it continues to throw up challenges for both buyers and vendors. Used EVs continue to generate the most discussion. They are still selling slower than petrol and diesel used cars even though the fall in prices…
The quest for data from remarketing decision makers in The Netherlands continues to grow as they use it make strategic decisions as to what they sell, where and for what price. The Netherlands has multiple customers now buying bulk data over the past two years including banks, leasing companies and dealer groups. Leasing companies…
The European motor industry continues to change at breakneck speed with each new development set to have a massive impact on the used car market. The new agency model for instance will see franchised dealer groups focus more time on used vehicles as they create their own used vehicle brands and move away from the…
While there is much talk about used BEVs the demand for used petrol and diesel cars remains strong, but it does depend on which country you are in. There is a north-south divide by powertrain, with all countries north of Austria seeing used petrol cars dominating, whilst Austria and all nations to the south, plus…