Categories: News

The second-hand market is still doing well

After difficult months, the second-hand market continued to rise in August and posted good figures.

We cannot really say that the automotive market has been in top form, and has been since 2020. And for good reason, while it was on an upward slope, despite some small difficulties, the health crisis as well as the various confinements have due to his good health. And cause in particular, the closing of concessions as well as factories, which also caused a significant shortage of semiconductors. Three years later, it is still not resolved. As a result, delivery times for new cars are getting longer, forcing motorists to turn to the second-hand market.

A promising upturn

So much so that the demand was stronger than the supply, which generated a real shortage. This explains the fall in sales, since there were not enough cars. But things have improved and things are much better than a few months ago. According to data from the firm AAA Data, no less than 373,119 cars changed owners last month. A figure then up 2.5% compared to the same period last year. This is the 3rd month in a row that transactions have increased. However, over the first 8 months of the year, the drop was 2.4% all the same.

An overall increase

Looking at the figures, we realize that almost all manufacturers have experienced an increase, including Dacia, Toyota or Encore BMW and Suzuki. On the other hand, some fell slightly, such as Fiat, Opel or even Mini. Renault, Peugeot and Citroën remain in the lead, followed by Volkswagen, which still appeals to motorists. Let’s hope that this upward trend continues over the next few months, while the situation is still quite fragile for the moment.

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