💪 Strong growth of the market of used electrified vehicles: + 46% in one year!

In the second quarter, it is 1/3 of transactions.

➡️ Details on#IOElectric : https://t.co/b0bI0ymXjz#Electric mobility #Mobility #Electricity #Mobility pic.twitter.com/zcbsmt896y

— French Electricity Union (@ufelectricite) July 4, 2022

For some time, all prices have been rising. Fuel, tolls, maintenance and even new cars. Indeed, this growth is explained by many parameters, such as rising prices of raw materials, shortage of semiconductors and logistical problems related to the war in Ukraine. In addition, increased delivery times also affect supply, which then decreases relative to demand. This is one of the reasons why many motorists are turning to used cars, which also drives up used car prices. But it may be that this situation will not last forever, and new cars will become significantly cheaper over time.

The Peugeot 3008 was the best-selling SUV in France. Its success was such that Peugeot found it difficult to keep up with the pace of production. Suffice it to say that the second-hand market is flooded with this model. We are exclusively interested in … https://t.co/RHk7c6N5GW

— AutoPlus (@AutoPlusMag) July 5, 2022

A sharp drop

It really could be that prices for new cars will decrease slightly over the next few months, but that should depend on several criteria. Indeed, for this to happen in this way, manufacturers would have to solve all the problems related to production, and thus make up for the backlog due to the pandemic and the war in Ukraine. And it is not for nothing that problems with material and technical support led to the temporary closure of many factories, and orders continued to accumulate. As a result, delivery times are getting longer and demand is still very high against a supply that is already not strong enough.

no miracles

In addition, it is possible that inflation will calm down a bit as well. This will then lead to lower commodity prices, especially for electric vehicles. Battery components such as lithium or even cobalt have increased sharply in recent months. But be careful, because if prices do fall, the fall won’t be a miracle either, and we won’t necessarily be back to 2019 levels, unfortunately.

The used car market in the United States is booming.
During the epidemic, many people want to have a cheap car to avoid public transport.
Even if that means reselling it when things get back to normal.
Price +9.5% https://t.co/hvzOjMusL8

— Cedric Faiche (@cedricfaiche) November 12, 2020