In countries where the lock down is flexible, we see the automotive is slowly getting better. The consumer confidence is increasing and as first the occasion market restores.

The prices for new and used cars will likely remain at the same level or even increase during this year.

After recent warnings for a global shortages of semiconductor chips, car manufactures will be tested even stronger. In the last week it became clear on top of the challenges with semi-conductors, many brands are anticipating also shortages of battery cells.

The Euro 7 emissions regulation has been officially approved and is expected to take effect from November 2026 (Phase 1) and November 2027 (Phase 2). While this may still seem far away, the automotive industry is already feeling the impact. The new legislation will bring stricter technical requirements, and significantly higher vehicle prices.