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Automotive: why second-hand prices sometimes exceed those of new

2022-09-24T05:34:19.657Z

As buyers face record waiting times to acquire a factory-fresh vehicle, blame the pandemic and the The second-hand market has gone crazy. Not only have prices soared — they have increased by around 20% over the past eighteen months — but a basic economic rule sometimes ceases to apply: a used vehicle no longer necessarily costs less than the same vehicle when new. “Today, some second-hand models approach or even exceed the selling price of the same vehicle leaving the factory, confirms Laurent



The second-hand market has gone crazy.

Not only have prices soared — they have increased by around 20% over the past eighteen months — but a basic economic rule sometimes ceases to apply: a used vehicle no longer necessarily costs less than the same vehicle when new.

“Today, some second-hand models approach or even exceed the selling price of the same vehicle leaving the factory, confirms Laurent Potel, CEO and co-founder of Reezocar, a used car sales platform.

It's disturbing !

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Source: leparis

All business articles on 2022-09-24

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