Here are the comments from Rauli and Thomas regarding the performance of the car market in May.
May was weak in the Finnish car market, which was particularly emphasized in the used car segment. The order backlogs of car dealerships, which grew during the early part of the year, supported first-time registrations of new cars, but even those remained slightly below the weak level of the previous year in May. In our view, excessive conclusions about the development of consumer behavior should not be drawn based on a single month. Due to inflationary pressures caused by the conflict in Iran, consumer behavior should be monitored particularly closely regarding higher price point purchases.
Population aging and urbanization will ensure that, on average, sales volumes continue to trend downward. The only thing that could reverse this direction is a decline in car qualityâmeaning a shorter life cycleâwhich would force people to buy or trade them in more frequently.
Itâs great that Enel has put more âskin in the gameâ
He already knows now what we will hear sometime late this summerâŠ
Even though May was sluggish in the used car market, at least Kamuxâs inventory is at the right price point; the rows are filled with vehicles for the average Joe.
Having been on the road exceptionally much lately, I wonder when these Finnish cars will finally collapse from old age? Driving is still a âmegatrendââitâs very popular even though fuel prices have risen.
