It’s interesting how much the European car market expanded in 2023 and is still expanding at the beginning of 2024 despite the weak state of the Eurozone.
What are the strongest reasons for this? Is it the shortages of the last years that you’ve cited in your first post or also the fact that used cars are still expensive?
Do we know what “neutral rate” of newly produced cars Europe needs on an ongoing basis? Which factors are influencing that “neutral rate” the most? For example, is it correlated with the interest rate environment or not at all?
Do we follow any experts discussing those factors?
How often does ACEA update its forecast? Can we expect 2024 to become better than 2.5% growth, or was a tailwind in the beginning of 2024 expected with a more significant slowdown later on?