Portugal: the prices of used cars under the magnifying glass of autobiz
After Spain in 2013, autobiz launches its study programme in Portugal. The company is thus demonstrating its ability to deliver reliable values in medium-size UC markets.
At the request of its key account customers, autobiz has launched its valuation programme in Portugal. This announcement reflects the company's progress, which now offers its services with an equivalent level of quality for markets where less than one million used cars are traded each year.
"The latest major statistical advances in our R&D department's algorithms now enable us to handle markets the size of Portugal," says Emmanuel Labi, deputy managing director of autobiz. Switzerland and Austria are the next countries on our list," he adds.
The company plans to deliver its first market values for Portugal by the beginning of the second quarter. The context is favourable. The country has returned to growth in 2014. Its GDP grew by a further 1.5% in 2015, following a 0.9% increase in 2014.
Sales in the automotive sector are following this trend. New car registrations jumped by nearly 25% last year to 178,500 units and are expected to grow by a further 5% this year and 3% in 2017, according to the Portuguese carmakers' association ACAP.
Portugal strengthens the range of 25 countries in which the company deploys its commercial intelligence services, following the example of Brazil in 2014, China in 2015 and India since the beginning of the year.
Since 2004, autobiz has been supporting all the players in the European automotive industry with trade-in and trade-in solutions. This support is based on 16 years of data history as well as the web, software and business know-how of the company's 160 employees. Today based in La Défense (92), autobiz also has offices in Berlin, Valencia (Spain) and Milan. autobiz supports more than 15 leaders in used car remarketing (manufacturers, banks, leasers, auctioneers...) as well as 4,500 points of sale in 18 European countries.