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

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 European automotive market is undergoing significant change, and one of the most striking developments is the rapid growth of Chinese car brands. Just a few years ago, these brands played only a marginal role, but today they are quickly gaining market share. By 2025, their combined market share is expected to reach around 6%, with projections pointing to approximately 9% in 2026. This growth is taking place in a market that is otherwise largely stagnant, meaning that the rise of Chinese brands is coming directly at the expense of established European manufacturers.

As we welcomed 2022, let’s have a look at what is expected to happen within the automotive industry.