The first ever four-year forecast by fuel type is set to be revealed by Cox Automotive this week at Car Dealer Live.
The forecast projects new and used volumes for the next four years (2024-27, presenting this in context to the past four-years (2020-23 – the pandemic and recovery years) and the four-years prior (2016-19).
It illustrates the dramatic shift we will see in the 0-4 year-old car parc, with the volume of ICE cars dramatically falling from today’s numbers while manufacturers continue to prioritise EV and hybrid.
Philip Nothard, Insight Director, will take to the stage at the British Motoring Museum to introduce the forecast before leading a discussion on what the changing car parc dynamics mean for used car dealers and the actions they should be considering now to prepare.
The session will also include insights from Dale Wyatt, Regional Director of Suzuki in the UK & Ireland, and Danny Minshall, Regional Retail Director at Greenhous Group.
The forecast will be available on the Cox Automotive website from Thursday, 7th March.