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The used car market is industrializing

2021-10-13T17:39:01.036Z

Over 4 million second-hand vehicles were sold in the first eight months of the year. Driven by the scarcity of new cars available and their high prices, the second-hand market is on the rise. In France, over the first eight months of the year, more than 4 million used passenger cars were sold (compared to 1.26 million new cars!). “The year 2021 is exceptional, even compared to 2019, notes Marie-Laure Nivot, from AAA Data, who analyzes registration data in France. The second-hand m



Driven by the scarcity of new cars available and their high prices, the second-hand market is on the rise.

In France, over the first eight months of the year, more than 4 million used passenger cars were sold (compared to 1.26 million new cars!).

“The year 2021 is exceptional, even compared to 2019,

notes Marie-Laure Nivot, from AAA Data, who analyzes registration data in France.

The second-hand market, like the new one, takes into account the lack of supply. "

Its size and margins are attracting new investors.

And used vehicle reconditioning factories are benefiting.

Read also

Second hand: used cars whet appetites

A few days ago, two French players in the automotive world, the Emil Frey concession group (250 points of sale in France) and BCAuto Enchères, a used vehicle sales platform for professionals, announced the opening of a series of reconditioning centers which will be spread over the major French regions.

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Source: lefigaro

All business articles on 2021-10-13

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