Diesel leads the second-hand market, which has chained 6 months of sales declines

2.2 used vehicles were sold for every new vehicle, of which six in ten were diesel

Data from employers in the automotive sector shows that the lack of stock of young models continues to put a dent in the market. For example, used car sales fell by almost 8% in July, a six-month negative chain.

Specifically, used vehicle sales fell 24.8% last month, while the one-to-three year model business fell 21.1%, depressing the bottom line as a whole.

Uncertainty about the type of engine to choose, both because of the restrictions on access to city centers and because of European regulations foreseeing the end of sales of combustion engine vehicles, has increased sales of vehicles with diesel engines in the used car market. . In any case, used diesel vehicle operations – which accounted for 58% of operations in July – have shrunk by 10.5% in the past month; while those of gasoline, for their part, fell by 7.2% to 51,929 units, a concentration of 35.9% of the total.

In terms of alternative drives, second-hand pure electric models, although they still represent barely 0.7% of the market, grew by 19.9% ​​in July, with 1,043 units. For their part, diesel/plug-in electricity registered a total of 139 units sold in the past month (+59.8%), compared to 1,091 units of petrol/plug-in electricity (+3.5%).

Overall, sales of used passenger cars and SUVs fell 7.8% in July to 144,584 units, a six-month negative, according to data from employers’ organizations Faconauto (dealers) and Ganvam (official and independent distributors). In this way, the used market is building a decline of 4.7% so far this year, with a total of 1,063,843 units. Until July, for example, 2.2 second-hand units had been sold for each new vehicle.

As companies, rental companies and leasing companies are unable to renew their fleet due to the lack of vehicles, their used model business continues to decline. So transactions with second-hand models

of business fleets fell by 23.7% in July. Those who have a car rental model as their main protagonists fell by 15.1%; while rents for their part fell by 12.3% in the past month.

In this context, it is still necessary to rely on foreign markets to supply vehicles, which explains why the import channel increased its sales by 37% in July and has increased by 49% so far this year.

Source: La Verdad

Ida

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.