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 it means reselling when things get back to normal.
Price +9.5% https://t.co/hvzOjMusL8

— Cedric Faiche (@cedricfaiche) November 12, 2020

We cannot say that the automobile sector has been doing the best in recent times. And for good reason, new car sales are still at their lowest level since 2020 and the start of the health care crisis. Not to mention shortage of semiconductors, which also significantly slows and delays production, even forcing some manufacturers to temporarily close their factories. The war in Ukraine also brought its share of worries, including significant logistical problems. No wonder the market is not in the best shape. And it’s not necessarily rosier on the second-hand side…

💪 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

Declining sales

Essentially, sales used cars also decreased by 14.6% in September compared to the same period last year. They fell by 9% compared to September 2019, just before the Covid-19 epidemic. Since the beginning of the year, the market has fallen by 13.8%, changing hands only 3.94 million. And it is likely that the situation will not improve immediately. But in reality, sales are not falling because no one needs these cars. Indeed, sometimes demand is so high that there simply aren’t enough vehicles for sale. In addition, their price tends to rise very sharply within a few months.

uneven marks

However, not all manufacturers are in the same boat, and some still manage to hold their ground. Mini, which manages to maintain a level close to last year’s. For others, it is a drop: -21.7% for Nissan, -14.4% for Peugeot or -16.9% for Citroën. Only the DS keeps its head above water, with a decline of “only” 5.4%. Dacia, Kia, Mazda and Mercedes also manage to sell cars, while Alfa Romeo, Fiat and Skoda are ahead of them.

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