The Austrian used-car market continues to be underpinned by stable demand and low supply.
Stable used-car demand outstrips supply in Austria The outlooks for France, Germany, Spain, and the UK are maintained. In this context of used-car supply challenges and cooling demand but with inflationary pressure, the Autovista Group residual-value outlook for 2022 has been upgraded in Austria, Italy, and Switzerland this month. Prices for internal-combustion engine (ICE) models have been rising more than those of electric vehicles (EVs) over the past year. Not all vehicle powertrains are affected in the same way, however. Carmakers will have no other choice than to increase prices to support their margins. This will positively affect used-car prices as well – if demand cannot be met on new-car markets, buyers will turn to used models and this supports price realisation. Price rises are being further compounded by a steep ascent of raw-material and energy costs as a result of the Ukraine war.Īutovista24 expects the trend of rising new-car prices to continue as long as supply constraints remain ubiquitous.
This rise has been spreading into the automotive sector, underpinned by the ongoing supply shortages of new and used cars. Inflation is rising however, with the latest consensus suggesting it will sit around 7% for 2022 in the European Union and the UK. Although pre-existing supply challenges will continue throughout 2022, and could even persist until 2024, the outlook for the second half of the year has been broadly maintained.
Highest residual value cars registration#
Following the disruption caused to manufacturers, such as the BMW and Volkswagen (VW) groups, there have been no major additional production stoppages announced over the last month.Īs the April new-car registration figures were closely aligned with Autovista24’s assumptions and, moreover, yielded no further shocks, the volume forecasts for May and June have only been subtly amended. Italy was in line with expectations and the slightly weaker-than-expected results in France and Germany were almost balanced out by strong performances in Spain and the UK.Īutovista24 assumes that the impact caused by the Ukraine war is lessening, as alternative sources of raw materials and parts are secured. However, the downturns were less severe than in March, albeit only when adjusted for working days in all countries except Spain. Western Europe’s major new-car markets endured double-digit declines in April as the war in Ukraine continued to disrupt supply chains and delay vehicle deliveries. New-car supply stabilising, list prices rising
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