Used vehicle operations start the year on the right foot,
with 133,292 sales, 1.8% more than a year ago By then, the shortage of available vehicles had also extended to second-hand models and during the first part of the year figures were in the red for several consecutive months.
One of the main victims of this lack of units was the rent a car sector
–which Ganvam calls “the young VO factory”– that it had to extend its contracts by not being able to renew them with newer vehicles and thus generating a chain reaction that affected the entire market, with general price increases.
These operators
increased their used sales by 36%, until 10,463. Renting did so by 7% up to 9,137 purchases. The rest of the channels, on the other hand, scored numbers in red.
According to the joint figures published by Faconauto and Ganvam, the data for January are 17.1% below what was achieved at pre-pandemic levels and the sales ratio between new and used cars stood at 2.1 VO for each recently registered.
As a fact to highlight, Madrid has been the community with the highest volume of operations: it ended the month with 23,933 purchases, a significant increase –and the largest in the series– of 26.8%. Behind it are Andalusia and Catalonia, with 21,646 (-12.1%) and 21,094 (+17.3%) units, respectively.
The two distribution employers focus on a worrying reality in the sector: the bulk of sales continues to be concentrated in models over 10 years old, which account for 57.5% of sales, that is, 76,723 units.
However, the recovery of the rental companies translated into an influx of vehicles between one and three years old, which saw a 10% boom to 8,374 purchases. These models are highly valued by the dealers and the VO divisions of the brands, since their price difference compared to a new car is not that great and they continue to present a considerable profit margin.
Despite the fact that 2023 is the year in which the Low Emission Zones come into force, the zero emission models start the year in the red. Its fall of 7.1% until the end of January with 703 operations shows the interest of the Spanish buyer, who has opted mainly for diesel engines. In total, 74,110 diesel cars changed hands.
From Faconauto they point out that “it is a very modest growth and in the coming months we will return to the trend that we have been dragging since the end of the pandemic and that is becoming chronic: drop in the transfers of models up to three years old and a strong role of models more than ten.
We do not expect a change in trend for the year as a wholewhich will register numbers very similar to those of 2022, according to our forecast.
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