![residual value of a car residual value of a car](https://www.englishforum.ch/attachments/transportation-driving/13735d1269806273-car-leasing-residual-value-img_0014.jpg)
This will probably not be the case before 2023. Only when the new-car market picks up significantly, and thus volumes on the used-car market also increase, are values likely to come under pressure. Supply chains were already disrupted and together with the semiconductor shortage, the war in Ukraine is leading to even longer delivery times for most new vehicles.ĭue to this undersupply, RVs of three-year-old passenger cars are expected to continue to rise this year. The supply of new cars will be the key factor in the future development of RVs. Madas assumes that the market parameters will not change in the medium term, because new-car registrations are still markedly lower than before the crisis (2021 was down 27% compared to 2019). 36-month-old BEVs retain the lowest value, at 45.5% of list price. HEVs are currently leading with a trade value of 53%, followed by petrol cars (52.8%) and diesel cars (52%). The RV% rose by 21.1% year on year in May, with cars retaining 52% of their list price on average. This market environment has led to a further increase in RVs of 36-month-old cars, in both value and retention (RV%) terms. BEVs are selling the slowest, averaging 61 days. Hybrid-electric vehicles (HEVs) are selling the fastest, averaging 48.6 days, followed by diesel cars with 55.8 days, and plug-in hybrids (PHEVs) with 56.4 days. Market activity shows strong used demand for hybrids of all types, leaving their supply somewhat short too.ĭespite the ongoing context of used-car demand outstripping supply, days to sell have increased slightly compared to April, to an average of 56.4 days. However, the availability of used battery-electric vehicles (BEVs) showed an even stronger downward trend again, with a drop of 39.7% year on year. Already in 2021, supply was significantly lower than at the beginning of 2020.ĭiesel cars are especially missing from the market, with a drop of 22.4% compared to May 2021. On average across all passenger cars aged two-to-four years, the supply volume in May was 16.5% lower than in May 2021, highlights Robert Madas, Eurotax (part of Autovista Group) regional head of valuations, Austria, Switzerland, and Poland. 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.
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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.
![residual value of a car residual value of a car](https://www.torquenews.com/sites/default/files/image-1083/%5Btitle-raw%5D/alg_graph.png)
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.
![residual value of a car residual value of a car](https://i.pinimg.com/originals/d4/e8/d5/d4e8d5cb71fd101da3dae45b4b630d76.png)
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.
#RESIDUAL VALUE OF A CAR 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