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■Auto1 Group is closer to profitability due to a rise in prices■ The online resale specialist of used cars, released its 2023 report, showing a decline in volume but profitability throughout the year. The company raised 122 million euros in funding since its IPO in February 2021. February 28, 2024 Source: Le Journal de l`Automobile, ARI_sk Auto1 Group, the online resale specialist of used cars, released its 2023 report, showing a decline in volume but profitability throughout the year. The company raised 122 million euros in funding since its IPO in February 2021. Auto1 Group's profitability was due to the high demand for used cars, leading to an improvement in gross profit and unit margin. However, the company's sales plunged by 9.8% in 2023, with 586,084 used cars resold. This was far from the company's target of 625,000 to 690,000 transactions, as stated by Christian Bertermann, co-founder and president. Source: Le Journal de l`Automobile #automobile #auto #remarketung #usedca #retail

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The Australian automotive market is already the most competitive in the world. Despite this, more brands continue to enter the Australian market. It is clear when you add each of manufacturer targets that vehicle supply will outweigh demand. We are already seeing discounting by brands on both ICE and EV to clear overstocking.

Are Asian car brands shaping the future of Europe's auto market? At Nextlane, we're welcoming a new era of competition and opportunity 🚀 Our VP OEM, Khalil Haddad, dives into the fast-evolving landscape where Asian car brands are making a big impact. With electric vehicles (EVs), competitive prices, and high-quality models, these brands now hold 11% of the European EV market 🌱🔋 Key trends shaping the future: 🔑Tariffs on Chinese EVs could shake up the market 🔑Brands from Japan, India, and South Korea are also gaining ground fast 🔑To win customer loyalty, tech and top-notch service are key For Europe's automakers and dealers, the opportunity is now - adapt, innovate, and drive the future! 🔗 Check out the insightful piece here: https://lnkd.in/gV2qCKxp #Nextlane #AutomotiveInnovation #AsianCarBrands #FutureOfMobility #CustomerExperience #automotive #OEM #dealers

Trends in the Automotive Industry in EMEA and How Technology Drives Competitive Advantage 👇

How does displaying an item affect its ability to sell? 2. Enhances Perceived Value A carefully designed display can elevate the perceived value of an item. When a product is presented in an appealing, organized way, it appears more desirable, making customers more likely to view it as a high-quality or premium choice. www.capparel.biz  Over 100 Caps for Toyota Dealers #hats #dealership #toyota #capparelhats

Really interesting news - this will be a big change for Irish car buyers and dealerships. I think there will always be people who want to have a face-to-face interaction with the salesperson. You can't fully replace the human element to selling cars. But, for a lot of people, it would be much easier to do everything online and reduce the amount of time needed to pick up their new car. This mirrors some of the points I made in my presentation last week at the MSPA Europe/Africa conference... processes are changing and #mysteryshopping will continue to change along with it! PAN Research

In 2023, Škoda UAE recorded a high number of car deliveries, selling 866,800 vehicles worldwide. This shows a remarkable rise of 18.5% over the prior year. The Octavia continued to be the best-selling vehicle worldwide, with the SUVs Kamiq and Kodiaq coming in second. Although Skoda maintained its prosperity in well-established regions such as Germany and the Czech Republic, the Middle East is becoming an increasingly important area of growth for the carmaker. 2023 saw a breakthrough for Škoda in the Middle East. With 2,463 units delivered, a remarkable 108% increase over 2022 was recorded. As the best-selling models in the Middle East, the Kodiaq and Kushaq stole the show. Compared to 2022, the Kushaq's sales saw a staggering 300% growth. https://lnkd.in/g-tKCmxE #skoda #skodaoctavia #skodakushaq #skodakodiaq #suvs #kamiq #skodasales #cars

The rise of Asian car brands in Europe is not just a trend; it's a game-changer for the automotive industry. 🌍 ✨ Khalil Haddad's insights highlight critical shifts that can redefine competition and customer expectations. As we embrace this new era, the emphasis on innovation, quality, and service will be pivotal. 👉 Do not wait any longer to read this article and discover how these changes are shaping the future of the market! 🚗💡

[NEWS] Stellantis is slashing prices of popular Jeep models: Right now, the automaker is targeting the Gladiator, Cherokee and Wagoneer, with price cuts ranging from $3,000 to $8,330. The reason? Jeep sales have plummeted and inventory is sky-high. In early Oct., the average days’ supply was 81 days — for Jeep, it was 126. And with CEO Carlos Tavares aiming to bring dealer inventory down meaningfully by the end of 2024… Stellantis is making big moves to boost demand fast and dealer clear lots. Read today’s top automotive stories, presented by Overfuel: https://lnkd.in/eJYaaUAx (Data source: Stellantis / Cox Automotive)