💪 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 has been two years since the beginning of the health care crisis associated with the Covid-19 epidemic. A real coup for all spheres, and in particular for automotive industry. Indeed, at that time, most factories were forced to suspend their activities due to the pandemic, in particular in China. As a result, the production of new cars was stopped for several months, and in most countries of the world, an arrest was announced. Therefore, the delay quickly accumulated, which significantly extended the delivery time. But the crisis also created another problem: a shortage of semiconductors. Factories producing these electronic chips were also shut down, leading to a shortage when all cars need them today. Not to mention the war in Ukraine, which also complicated the situation.

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

Improvement of the situation

Suffice it to say that during the last two years the situation has been very difficult for car market, which has to deal with these delays as well as falling sales. Indeed, many customers do not want to wait a year or two to get their new car, so they turn to second-hand. Thus, a shortage is also created in this area, and prices rise uncontrollably. But will this crisis last? According to specialists, it seems that the situation is starting to improve little by little. As the Federation of Automotive Professionals explains, registration new cars are starting to gain momentum, which is a good indicator that the situation is improving. But be careful, because the situation is still far from normalization.

a few more years

Indeed, according to industry experts, it will be necessary a few more years before the level returns to the level by 2020. Indeed, the situation should not improve until 2023 or even early 2024. Some, even less optimistic, even count on an even longer delay, which could last up to three years. This is the required waiting time for certain models, such as the Mercedes G-Class. But in general, the average time is currently 8 to 9 months, even if it depends a lot on brands and models.

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— Green Light (@feuvert_fr) April 23, 2019