Car dealers in the Netherlands saw their turnover rise by almost a quarter (24,3%) in the third quarter compared to the same period a year earlier. This was mainly due to price increases. Used cars were never so expensive before, reports the Dutch governmental statistics institute (CBS).
A year ago, the turnover in the Netherlands’s entire car and motorbike sector was still declining, but in the third quarter, it went up by 20,5%. For instance, importers of new passenger cars saw their revenues rise by 18,5%.
More and more EVs
New car sales were just boosted as the chip shortage has eased in recent months, so more cars could be produced. Supply chain issues have hampered the industry since the start of the pandemic. In addition, sales climbed because more and more electric vehicles are being sold.
These are more expensive than cars with combustion engines. Of all the electric vehicles in the Netherlands, the Tesla Model 3 is the most popular, with 42 000 cars, followed by the Mitsubishi Outlander (figures from July).
Despite the smooth delivery of new electric cars, the price of used cars in the Netherlands remains on the rise. In the first six months of this year, for example, the average used car price on Autoscout24.nl increased by 7,5% (1 650 euros).
Still staff shortages
Heavy commercial vehicle trade and repair turnover rose 17,4% last quarter. Here too, price increases played an important role. Specialized repair shops and car parts shops sold 12,5 and 13,7% more, respectively. Again, price increases for tires and other parts, for example, are the main reason for sales growth.
Motorbike sales lagged somewhat behind with a plus of 10,6%. Here too, price increases play a role. In addition, more and more electric motorbikes are being sold, which are more expensive than traditional motorbikes.
However, like other sectors, the automotive industry in the Netherlands is still suffering from staff shortages. “More than a third of entrepreneurs said they were facing a labor shortage at the beginning of the fourth quarter of 2022,” CBS said. “However, the staff shortage remained the same compared to the beginning of the third quarter.”
In the third quarter of 2022, the auto motor industry had 8 500 job vacancies. In the second quarter, this was 9 800, the highest number since 1997.
According to the agency, confidence among entrepreneurs in the car and motorbike industries did increase last quarter, also because the staff shortage at the beginning of the fourth quarter was lower than a quarter earlier.
The trend in the Netherlands confirms the evolution in the Benelux and the international market in general regarding car sales.