Yeah I saw this exact same thing here as well. At first it was a ton of BMW and volkswagen layoffs in the news. And then there was news about for instance Tesla having a flood of second hand cars in the European markets. This has everything to do with the leaseconstructions from where the contracts origine in 2019 and these contracts last 4 years with tons of tax advantages.
Now when then 4 years have finished and the tax is up all of a sudden people are ditching their cars on the market making the price drop tremendously. Say...from 60K in 2019 to 15K in 2025. What a reduction of funds. Now all of these 'cheap 'cars are flooding the european markets and being exported to everywhere.
The influx here of 'new' brands of cars is getting bigger and bigger where a lot of chinese and vietnamese cars are building quite the customer base. And for a good reason because their products are currently just as good as the expensive european brands, just for half of the price.
Big market shift and curious how this will look in 5 years because it feels like this will continue big time!