Knowledge, value and deep insights into the used market in focus at KVD Day 2024

This year's KVD Day offered a smorgasbord of analyses, future explorations, insights and snacks. Visitors learned, among other things, that combustion engines continue to dominate the world's road network. However, plug-in hybrids are catching up and have increased by 25.7 percent compared to the same period last year.

It was a packed schedule at Scandic Continental in Stockholm, where we at Kvdbil invited people to a lecture and mingle. The lecturers were three in number with one common denominator – Where is the automotive industry heading?

Industry in change

So where is the automotive industry headed? Well, it depends a bit on who you ask. Mattias Bergman is CEO of Mobility Sweden, the industry association that represents manufacturers and importers of passenger cars, trucks and buses. He pointed to the complexity of the automotive industry, where several different factors and challenges affect each other. Take, for example, all the complicated EU legislation, the high interest rates and energy prices.

The electric car also has a bit of an uphill battle, despite sales increasing rapidly up until 2023. In the same year, 38.7 percent of all new car registrations were electric, placing Sweden in seventh place globally in the number of registered electric cars.

3 points about the Swedish automotive industry from Mattias Bergman

– The Swedish automotive industry accounts for 15% of goods exports
– Our three major vehicle manufacturers AB Volvo, Scania and Volvo Cars have a global turnover of SEK 1,156 billion.
– Our three major vehicle manufacturers AB Volvo, Scania and Volvo Cars employ 61,300 people in Sweden.

Price drop on used electric cars

Karl Wahlin, analyst and expert on used car prices at our sister company Bilpriser, made a welcome return to KVD Day.

His talk about developments in the used car market is always an eye-catcher, and this time too. He talked about Bilpriser's used car price index, a comparative figure for the price development of used cars. There is a price decline among used electric cars. The reason is, among other things, a price war among new electric cars, increased involvement of cheaper electric car models and rapid technological development.

5 reasons for the price drop among used electric cars, according to Karl Wahlin

– Price war among new electric cars
– The market is maturing
– Increased involvement of cheaper electric car models
– Rapid technological development
– Electric cars are on average more expensive and therefore more sensitive to economic conditions and interest rates

Last up on the podium was Peter Manhof, Marketing Manager at Kvdbil , who talked about maximizing purchasing power. As Sweden's largest marketplace for used vehicles, our strength lies in being open to everyone – from companies and private individuals, to car dealers, the public sector, finance companies and exporters. Because the more visitors (almost 1.5 million/month), the more bids, which in turn increases purchasing power and gives better pay.

A month at Kvd.se in numbers

2,500 vehicles sold
> 100,000 bids
30,000 bidders
400,000 unique visitors
1,400,000 visits

Many thanks to everyone who participated and made KVD Day 2024 both enjoyable and insightful. We'll do it again next year!