Car trade New car sales slowed in July, with second-hand car sales continuing briskly

In July, about 28 percent of newly registered cars were rechargeable.

New car sales in July were lower than last year and long-term averages. The brisk pace of the used car trade, on the other hand, continued, although last summer’s record levels were not reached.

According to statistics from the Automotive Information Center, 7,481 new passenger cars were registered in Finland in July, which is almost 18 per cent less than in July last year.

The number of first registrations will also be about 17% lower than the long-term July average.

64,215 new passenger cars were first registered throughout the year, which is 13.7 percent more than in the corresponding period last year.

Used 60,226 passenger cars were sold in July, down 10.5 percent from July last year.

July is one of the busiest months in the used car trade, and last year in particular saw record highs.

According to the Automotive Information Center, the trade in used cars has been busier this year than the long-term average. Compared to last year’s level, trade in used cars is growing by about 0.7 percent.

In July about 28 percent of newly registered cars were rechargeable. Downloadable hybrids accounted for 18 percent of first registrations and all-electric cars for 10 percent.

Just under 60 per cent of the first registrations were petrol cars or petrol hybrids and about 11 per cent were diesel-powered or diesel hybrids.

CEO of the Automobile Confederation Pekka Rissa In a press release, the share of downloadable cars in first registrations in July was in the same range as in the first half of the year.

“While most of the cars to be first registered are still traditional petrol cars, the growing range of models has increased interest in rechargeable cars. Rechargeable cars are already available in almost all size categories, and for many households, a rechargeable car is by far the most economical purchase, ”says Rissa.

Global chip shortages also punish the car trade. Problems with the availability of semiconductor components for car manufacturing during the corona pandemic have, at their worst, even halted the operation of car factories around the world.

According to the Automotive Information Center, demand for new cars is recovering, but delivery delays are cutting registrations.

“Order backlogs for cars and vans are higher than long-term averages. The automotive industry is one of the production sectors in need of components. The shortage of components is expected to ease during the rest of the year, ”says the CEO of the Automotive Importers and Industry Association Tero Kallio.

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