The Limited Times

Now you can see non-English news...

Used cars: prices decelerate by 4.7% in one year

2024-04-02T04:36:17.654Z

Highlights: Used cars: prices decelerate by 4.7% in one year. During Covid, the shortage of new vehicles had boosted second-hand prices. Now, the return to normal means - well - bargain items at bargain prices. The decline began at the end of 2023, but this decline is accelerating. In the first quarter of 2024, the average price of used vehicles was reduced by 2.6% (corresponding to an average drop of 590 euros) Better, over a year, the price of these cars is revised downward by4.7%, allowing buyers to record an average gain of 1,080 euros.


While, during Covid, the shortage of new vehicles had boosted second-hand prices, the return to normal means - well


Finally, second-hand items at bargain prices! While second-hand car prices began to fall at the end of 2023, this decline is accelerating. In the first quarter of 2024, the average price of used vehicles was reduced by 2.6% (corresponding to an average drop of 590 euros), according to data from the Quarterly Observatory on the evolution of second-hand prices , published by La Centrale, the first marketplace specializing in automobiles. Better, over a year, the price of these cars is revised downward by 4.7%, allowing buyers to record an average gain of 1,080 euros this time.

A return to normal that we have been waiting for for a long time, after the crazy Covid years. “During the health crisis, spare parts were missing which meant that a new vehicle, 95% finished, could not be marketed,” rewinds Anaïs Harmant, the marketing director of La Centrale. These cascading shortages on the new market have resulted in the French moving onto the second-hand market. Hence real price spikes.

Subscribe to read more

Already subscribed? To log in

Source: leparis

All business articles on 2024-04-02

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.