💪 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
Last year was not really the happiest. The war in Ukraine, rising fuel prices and the threat of blackouts have tested France’s morale in recent months. And almost all sectors suffered from the surrounding gloom, no one was spared. And especially not the automobile industry, which received special attention this year. In addition to the increase in the cost of travel and maintenance, the prices for the sale of cars, both new and used, have risen sharply. At the same time, sales fell sharply.
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
Rejection of transactions
This especially applies to used models. According to the site, sales of used models fell by 14.1% compared to last year. Autoscout24. A very high number, which is simply the worst since 2000. And for good reason, only 5,127,955 transactions were recorded in the twelve months of 2022, and this number is still extremely low. For comparison, more than 5.9 million cars last year, during an equally difficult period for the automotive industry.
Many reasons
This situation is explained by several reasons. First of all, this is a reduction in supply, as well as high tariffs, which increased by 15.7% on average. It is even worse for gasoline models, the prices of which have increased by an average of 20.7%. In general, this the oldest cars which had the least difficulty attracting motorists, especially those over 16 years of age. No doubt due to their lower price and greater availability compared to newer models.
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
Source: Auto Plus
Robert is an experienced journalist who has been covering the automobile industry for over a decade. He has a deep understanding of the latest technologies and trends in the industry and is known for his thorough and in-depth reporting.