Sales of used vehicles fall by 8% in July

In recent days there have been numerous customers who have opted to incorporate new models into their lives, but that has not been enough, something that has caused a significant fall in the second-hand sector. …

In recent days there have been numerous customers who have opted to incorporate new models into their lives, but that has not been enough, something that has caused a significant fall in the second-hand sector. It is one of the most notorious falls, where stands at a negative 8%, prolonging the drop in performance by more than six months.

Undoubtedly, the market for second-hand models or vehicles already used has had a fall of 4.7%, with a total of 1,063,843 sold. According to information from the employers Faconauto (dealers) and Ganvam (official and independent distributors), for each new vehicle has come to sell up to 2.2 used units.

There are many reasons that have caused this type of situation to occur, but everything seems to indicate that the lack of stock of young models continues to make a dent in the market. Specifically pre-owned sales fell last month by 24.8%, while operations with models between one and three years fell by 21.1%, weighing on the overall result.

This fact has also affected the renting sector, where operations with second-hand models have fallen by almost 25%, something that in rent a car companies were 15%. All this has forced companies to resort to foreign markets to achieve the necessary supply. This translates into a 37% increase in the import channel and a rise of almost 50% so far this year.

Regarding energy sources, operations with used diesel vehicles – which accounted for 58% of operations in July – contracted by 10.5% during the past month; while gasoline, on the other hand, fell by 7.2% to 51,929 units, concentrating 35.9% of the total.

Be that as it may, it is evident that in the Spanish market we find one of the oldest car parks in all of Europe and now with the crisis of raw materials it is evident that this situation is going to continue over time.

Leave a Comment

Best Cars for Teens