Survey respondents are positive about the outlook for Germany’s used car market in 2017

January 19, 2017

Although growth in the volume of used car transactions in Germany slowed to just 1.0% in 2016 according to data released by the German federal transport agency Kraftfahrt Bundesamt (KBA), a survey conducted by Automobilwoche reveals a broadly optimistic outlook for Germany’s used car market in 2017. 

Thorsten Barg, country manager for Germany at Autovista Intelligence’s sister division, Schwacke, sees a growing supply of vehicles of all ages. This will satisfy healthy demand, bolstered by low interest rates, resulting in residual values maintaining their high value in 2017, as forecast in the Autovista Intelligence report, Residual Value Outlook 2017. 

Deutsche Automobil Treuhand (DAT) sees stability in the used car market, with 7.4 million cars changing hands again in 2017, as they did in 2016. DAT’s Siegfried Trede can envisage more consumers opting for petrol cars instead of diesel, which would naturally boost the residual values of petrol vehicles but put pressure on diesel prices. Burkhard Weller of the Wellergruppe also fears thatdiesel faces further price and volume pressures.' He sees the high number of fleet, rental and pre-registered cars negatively impacting used prices but does not expect any major change in used car volumes compared to 2016. 

In summary, the survey results confirm the view that used car volumes and prices will essentially be stable in 2017 held by AVAG, the independent car trade group and the Zentralverbund Deutsches Kraftfahrzeuggewerbe (ZDK). Used car exchanges and AutoScout24 as well as the Bundesverband freier Kfz-Händler ­(BVfK) are even erring on the more optimistic side.

Also in News & Insights

UPDATE: News & Insights have moved to the Autovista Group website

March 31, 2017

Our regular automotive industry News & Insights are no longer being published on the Autovista Group Market Reports website.

Instead, you can now find the latest updates at our central Autovista Group website, home to our pan-European brands including Autovista, Eurotax, Glass's and Schwacke.

To stay up to date with rapidly changing market trends, we recommend signing up to our free Autovista Group Daily Brief which delivers our daily news stories directly to your inbox.

You can still find our in depth market reports here on the Autovista Group Market Reports site. Keep checking back as we have an exciting new report due to be launched shortly!

PSA to boost UK presence in the event of a ‘hard Brexit'

March 08, 2017

UK sales flat despite upcoming road tax hike, diesel demand plummets

March 08, 2017

UK new car registrations fell annually by 0.3% in February to 83,115 units according to the SMMT, driven down by weaker demand from individuals and companies. More noticeable, however, was the 9.2% drop in demand for diesels compared to February 2016, a steeper drop than the decline in Germany...