Europe’s car manufacturers are facing mounting concerns about their long-term viability as they grapple with rising car prices and intensifying competition, according to a report from Jato Dynamics.
As the remarketing sector faces a period of profound transformation, the insights shared at the Vehicle Remarketing Association’s Automotive Summit focussed on the need for agility, data-driven decision-making, and forward-thinking strategies.
Most motorists are sceptical about whether the ambitious deadline to phase out Internal Combustion Engine (ICE) vehicles by 2035 will be met.
Major players like Volkswagen Group and Ford are facing significant challenges to meet new European Union (EU) regulations
Car makers are on track to meet their zero-emission vehicle (ZEV) mandate targets for this year, despite many falling short of the electric vehicle (EV) sales targets.
Audi looks set to continue ICE car sales in Europe up to the 2035 zero emission vehicle deadline, through later-life refreshes, despite prior claims of EV focus
Contrary to industry fears, there is no evidence that EVS are being scrapped at a higher rate than ICE vehicles due to their significantly higher repair costs
The start of April saw used values fall 0.7% for three year old cars and 60,000 miles on the clock.
