The used car market attracts millions of customers and more and more big names in business attracted by the size and robustness of this activity.
While new car sales plunged from 2.21 million units in 2019 to 1.65 million in 2020, used car sales have shown remarkable stability: 5.6 million vehicles were traded in 2019, and as many in 2020. This is almost 3.5 times more than new cars.
To read also:
Second hand: three days flat to make a car "like new"
The market is mainly driven by individuals who sell their cars to each other (63% of used sales in 2020).
But manufacturers, banks and fleet managers are looking to exploit this vein.
“For decades, manufacturers and dealers viewed this market with indifference.
It was not their job.
Since then, it has been structured, and online platforms have amplified this phenomenon,
notes Flavien Neuvy, economist and director of the observatory.
This article is for subscribers only.
You have 64% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
I ENJOY IT
Already subscribed?
Log in
