💪 Strong growth of the market of used electrified vehicles: + 46% for the 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

In recent months, the situation on the automobile market has been very difficult. Indeed, between the Covid-19 pandemic, semiconductor shortages and the war in Ukraine causing major logistical problems, it is not easy to make or sell cars. Because inflation and rising fuel prices are added to this, which do not really encourage motorists to buy a new car, let alone a new one. With that in mind, it’s no surprise that sales have fallen very sharply, with registrations down 15.3% in the first seven months of the year compared to the same period last year. A significant drop, drivers turned instead used vehicles. And it is the latest models that have enjoyed the greatest success in recent years.

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

Strong fall

Indeed, these cars have many advantages as they exhibit a 20-30% lower price, just a few thousand kilometers on the clock. Suffice it to say that the recent cases, which are less than a year old, have every reason to be pleased. And yet, sales of the latter fell by 45% in July compared to last year. A sharp drop, almost alarming, which looks quite strange. Do the French no longer want a car? It’s amazing when just a few months ago the demand for new used cars was very high. But what then explains this sudden collapse? Actually the reason is very simple…

The deficit in question

If used cars are selling for less, it’s simply because the supply isn’t big enough anymore. Due to production issues, there are fewer recent used models for sale. They are also commonly bought by dealerships and used as demo models, then resold as a priority to their customers. That is why it is very difficult to find a used car that is less than a year old. However, demand is just as high, or even higher and higher, according to industry experts.

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