The used market shows a decrease of 5.2%, with a total of 1,692,953 units, in a year marked by a lack of supply of young models
According to data from employer associations Faconauto (dealers) and Ganvam (official and independent distributors), sales of used cars and SUVs fell 10.8% in November to 167,539 units, a series of ten consecutive months of declines. In this way, the used market accumulates a decline of 5.2% so far this year, with a total of 1,692,953 units, which means that 2.3 used vehicles are sold for every new vehicle.
In an analysis of sales by seniority, the data shows how the
Lack of stock of used vehicles has set the tone of this exercise. Specifically, tensions in the supply chain have forced leasing operators, companies and rental companies to keep their fleets longer than usual, which means that these young models are no longer offered on the second-hand market. In particular, operations with models less than a year old – which plummeted 36.6% late last month – have suffered a 17% year-to-date decline this year. In his case, sales of used cars between one and three years old fell 22.8% through November.
On the contrary, the data from the sector’s employers’ associations show how operations with vehicles from
more than 15 years of accumulating growth 7.3% so far this year, accounting for 38.5% of the market, totaling 652,280 units.
In terms of energy resources, used diesel vehicle operations – which accounted for 57.7% of operations through November – have shrunk 8.4% year-to-date this year; while those of gasoline are down 3.6% so far this year to 622,634 units sold.
According to Faconauto’s communications director,
Raul Morales« used vehicle sales data for the month of November confirm the analysis we have carried out throughout the year: the lack of cars from 0 to 5 years old explains the recurring declines, a situation that will not have an easy solution in the first months from 2023, although professionals are looking for new supply routes and are betting heavily on the digital channel«.
“At the same time, the operations between individuals, performed by cars over ten years old, maintain their worryingly good health. The result is a used market that is less and less healthy and that makes much-needed parking garage renewal more difficult,” he added.
For its part, the communication director of Ganvam,
Tania Puchdetails that “forecasts suggest that the used market will deepen its decline in December and finish the year at about 1.8 million units”.
“In addition, we see with concern how the protagonist of the used market in 2022 is the highly polluting vehicle that is more than 15 years old, demonstrating that the renovation of the park must become a cornerstone of carbon reduction strategies to achieve the stated goals. In this sense, it is urgent to implement effective demolition plans that encourage the replacement of these old models for others with low and zero emissions,” he concludes.
Source: La Verdad
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
