9.12.2024

Always look at the whole picture

Besides the obvious problems that a weak domestic currency causes, there are several more. For example, the weak Swedish krona is responsible for many used cars being bought up and driven abroad for further sale. At first glance this can be seen as something positive, the country gets a vitamin injection in the form of exports, but in the long run it can cause more negativity than positivity.

In addition to reduced order intake in the aftermarket such as repairs and service, the car companies whose business line is used cars are also undermining their future by cutting off their own market. When the best used cars are sold abroad, there are fewer and worse cars left for the returning customers AKA the Swedish buyers. A medium-sized company in a small town in Sweden has noticed this and refrains as much as possible from export sales. How many will choose and follow suit remains to be seen.

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