Growth in the new car market fuels growth in the used car market
- The growth of the new market is fueling the growth of the second-hand market. Indeed, if we look at the evolution of the domestic new car market in the five main European markets, between 2006 and 2016, it should be noted that the increase in sales of new cars in these five markets is not at the expense of sales of used cars, but rather that it favors the sales of used cars. Thus, the recovery of European markets from 2012-2014 has been accompanied in parallel by robust growth in sales of second-hand cars .
- Were sold in 2016:
1 / In Germany: 7.4 million used cars for 3.35 million new cars (rate: 2.2).
2 / In England: 8.2 million used cars for 2.7 million new cars (rate: 3.0).
3 / In France: 5.7 million used cars for 2.0 million new cars (rate: 2.85).
4 / In Italy: 3.5 million used cars for 1.8 million new cars (rate: 1.95).
5 / In Spain: 1.9 million used cars for 1.15 million new cars (rate: 1.65).
- England, therefore, ranks among the five largest European markets in terms of the highest / highest rate, ahead of France and Germany. Italy and Spain have the lowest rates.
Contact us: info@inovev.com