Eurotax webinar: Residual Values in Switzerland expected to further increase
22 October 2021
Like elsewhere, the Swiss new-car market has been in crisis as a result of the COVID-19 pandemic, with new-car registrations consistently well below those seen prior to 2020. What is the outlook for the new-car market and used-car market? What does the current market situation mean for residual values (RVs)?
Eurotax Switzerland looked at these questions in its latest webinar, Automotive Trends in Switzerland. Robert Madas (regional head of valuations, Austria, Poland, Switzerland) was joined by Hans-Peter Annen (head of valuations, Switzerland) and Patrick Schneider (market analyst, Switzerland) to discuss the current market traits.
The following observations were made:
- The trend towards electrically-chargeable vehicles (EVs) continues to be strong on the new car market, with 10.3% market share for battery-electric vehicles (BEVs) and 8.6% for plug-in hybrids (PHEVs) in the first eight months of 2021.
- Petrol and diesel still dominate the used car market, but are steadily losing market share. EVs now account for almost 3% of the used-car market, with a clear upward trend.
- Light-commercial vehicle (LCV) registrations are almost back to the pre-pandemic level, motorhomes are one of the few winners of the crisis.
- After a slight slump during the lockdown, residual values have only moved upwards since summer 2020, and are now on average approx. 6% above February 2020.
- In the short and medium term, we see continued high demand with tight supply. By the end of 2021 we therefore expect RVs to continue to rise: for 36-month-old vehicles approx. 6.5% higher than at the end of 2020.
Find the full slide deck for the presentation below. A video of the webinar is also available for viewing and download.