💪 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

It is difficult to buy a car now. If you want a new car, you really have to deal with the strong price increase and also with extended delivery times for many reasons. And if you want to return to the occasion, the demand is so high that it is difficult to find the perfect car for you. Not to mention the prices, which have also increased a lot in recent months. Indeed, the number of cars available for sale is too low compared to the demand, which then creates a significant increase due to the shortage of available cars. This is what the barometer tells us Auto visawhich is based on advertisements published on the LaCentrale.fr website.

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

High prices

According to this study, used car prices have literally soared, increasing by approximately 13.7% in the first ten months of the year compared to the same period last year. Then the average price is shown at €22,356 and rises to €24,200 if only October is taken into account. This is the number of new cars! While the year-to-date model prices have increased by 12%, the biggest increase is for the 6- to 8-year-old models, which is around 22.6%. Suffice it to say, it’s huge. Average selling price among individuals jumped 21.7%to be almost equivalent to professionals.

Declining sales

Such a surge in prices is explained, in particular, by the insufficient love of buyers for new cars, in particular, due to excessively long delivery times. As a result, buyers do not want to wait, and then turn to the second-hand market. The problem is, then the demand is so great that the supply becomes too low. As a result, transactions are down, about 13% year-to-date. Only 3.94 million sales were recorded then, making 2022 a particularly bad year for the market. But this is not due to a lack of interest, but on the contrary, which may seem paradoxical.

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