INDICATA Market Watch: Belgium used car market quadruples
and is fully back to post lockdown and prior year levels
Download the Market Watch report, ed. 5 Belgium market
Antwerp, June 10 th 2020 – The Belgian market has staged one of the fastest bounce-backs of all the counties in Europe. Whilst May volumes are down 15% across the whole month, the 7-day run rate has quadrupled since the end of April and is fully back to post lockdown and prior year levels.
There is also one of the largest swings away from diesel product driven by move to sales of younger cars at the expense of older product.
Pricing has remained relatively stable over the COVID-19 period
As well as a fast start to sales, unlike many other countries, Belgian dealers have been actively refreshing their stock, keeping the wholesale market buoyant as well.
Dealers, OEMs and leasing companies can sign up for their free regular Market Watch PDF or web based reporting tool her: www.indicata.be/corona or register for the online rapporting tool via https://www.indicata.be.
INDICATA is part of the AUTOROLA GROUP. INDICATA is the next generation of business intelligence and market insights software for the management of used vehicle inventories. The platform, unlike any competitor in the market, brings a unique solution to improve profitability in used vehicle operations and protect residual values to the automotive industry and aligned sectors.
About AUTOROLA GROUP
AUTOROLA GROUP is a global leader in online remarketing and automotive IT solutions for professional used car and fleet management. AUTOROLA GROUP is headquartered in Denmark and the company has currently approximately 420 employees and subsidiaries in 19 countries across Europe, North America, Latin America and Asia Pacific.
INDICATA Market Watch report ed. 4_June 10th 2020
Autorola Marketplace autorola.be