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

As you know, the car market is far from celebrating. And this has been happening for quite some time now, as the free fall began in 2020 with the onset of the healthcare crisis associated with COVID-19. And since then, sales have barely managed to increase. Why? The answer is actually quite simple. Indeed, the incarceration has led to the closure of factories, particularly those producing semiconductors in China. As a result, there is now a shortage of electronic components, which directly affects the production of cars. Added to this are rising prices that drive customers away, as well as a generally unfavorable buying context. A real explosive cocktail for the industry.

💪 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

A small increase

However, according to the latest data, this year they will be slightly less catastrophic than last year. Indeed, slightly more new cars have been sold since August than in the same period in 2021. This is a pretty good sign, agree! In October, sales increased by 5.45% compared to the same period last year, when 124,982 vehicles were registered. It’s not much left, but it’s still inspiring for the future. However, if we look at the numbers for 2022 alone, it’s a free fall, with orders falling 10.3% from January to October compared to 2021. In total, this is 1,237,048 cars purchased during this period.

Unequal results

As always, not all manufacturers are in the same boat. Indeed, for now Stellantis and Renault lose 6.6 and 5.18% respectively, Alfa Romeo rises 298% and Maserati 266%. Absolutely amazing! To a lesser extent, Toyota increased by 44.8%, Tesla by 83% and volkswagen 24.73%, including all brands of the group. The results are mixed, but generally quite encouraging. It remains to be seen whether these increases will take hold over the coming months…

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