In the month of September 2022, second-hand car sales in Spain have accounted for a total of 153,927 units, which compared to the same period of time the previous year, represents a significant decrease of 8.6%. The second-hand electric car has not been immune to this fall.
The used car market continues to decline. The used car, despite the strength shown in recent times, is blaming all the challenges and problems that plague the automotive industry. In the month of september 2022 the used car sales in Spain
have reached the 153,927 units. A volume of transferred vehicles that, compared to that registered during the same period of time last year, translates into a 8.6% drop.
The poor results of recent months are transferred to the accumulated sales figures. In the period between the months of January and September, second-hand car sales have accumulated 1,360,747 units, 5% less than in 2021. During the first nine months of the year, 2.3 used cars have been sold for each new car. The used car is still the first purchase option for Spanish drivers.
The shortage of pre-owned cars takes its toll on the market
If we go one step further and break down the sales figures by age range, we will realize that the lack of stock of used cars keeps making a dent. Operations with used vehicles less than a year old have plummeted 28.1% in September and have accumulated a drop of close to 11% so far this year.
As for the sales of used cars between one and three years old, they have put an end to the accumulated losing streak and closed September on a positive note with a rise of 10% and a total of 12,472 units. However, this rise does not reverse the accumulated data. Until September, sales of this type of used car have fallen by 30%.
During September we have experienced what can be defined as a turning point that opens the door to hope. And it is that rental companies have begun to renew their fleets. The rental channel is a powerful creator of used car stock. However, the absence of new cars in dealerships has forced them to hold on to their vehicles longer.
In this context in which a small improvement is in sight, the need to go abroad to look for second-hand cars that cannot be found in Spain has been reduced. The import channel barely grew by 1.8% in September.
The second-hand electric car stops its growth
Regarding the energy sources, operations with used diesel cars have been reduced by 15% during the past month. However, they have represented 56% of the total operations in September. For its part, sales of second-hand gasoline vehicles have remained stable with a total of 59,428 units sold.
It is in the used electric car sales where we find an important change. And it is that second-hand electric models have seen their trend reversed and have reported a decrease of 25% in September, to stand at 735 units. In recent months, the second-hand electric car has been able to weather the general decline in the market.
Sales of used plug-in hybrid cars have also remained declining.. Sales of diesel PHEV models have registered 72 units, which is 39.5% less when compared to September 2021. Gasoline PHEV models have recorded 988 units sold, 3.6% less than in the past year .
Used car sales in Spain in September 2022
In regards to the used car sales by autonomous communities, we find disparate figures. The Community of Madrid leads the growth with a rise of 26.9% and 27,583 units. On the other side of the coin is La Rioja with a drop of 24.6% and only 766 units transferred.
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