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After two record years, the second-hand vehicle market is running out of steam

2022-04-18T18:49:21.824Z


DECRYPTION - No more growth! After two record years, the used vehicle market is marking time in France. The source is drying up.


"

Demonstration vehicles and those sold to rental companies, which usually supply the second-hand market, have been fewer in recent years

," summarizes Jérôme Donguy, Audi's sales director in France.

Recent occasions have become increasingly rare.

And also more and more expensive!

Residual value, on resale, of all cars has skyrocketed.

Last year, some very popular second-hand models even saw their prices come close to those of new ones…

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Why car prices are soaring

A trend accentuated by the rush of customers for second-hand cars available immediately while delivery times for new vehicles have continued to lengthen due to shortages of components and can now represent an eternity.

"

Currently, you have to wait at least six months for the delivery of new vehicles in most brands

," observes Stéphane Caldairou, the general manager of the Emil Frey France group, the leading distributor in France.

Some…

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Source: lefigaro

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