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How is the used car market in Spain?

2021 will close with an estimated growth of 4%, exceeding 1,88 million units sold.

New car, pre-owned or used car? That is the question that many ask themselves in Spain, a country in which the supply of vehicles is very varied. As in various places in the world the coronavirus pandemic The economy of the majority of Spaniards has declined, something that is reflected in the declining sales of 0 km. That is why used cars have gained prominence whether they are pre-owned or cars for the occasion.

The pre-owned car is one with less than two years old and less than 30.000 kilometers. The second-hand or used car, on the other hand, has had at least one owner, its age is more than two years and the accumulated mileage varies according to its use.

Used carIn Spain the used market is in good health, despite the consequences of COVID-19. According to the forecasts of the X edition of the VO White Book of the National Association of Vehicle Sellers (Ganvam), 2021 will close with an estimated growth of 4%, exceeding the 1,88 million units sold.

While for 2022 an increase of 3,6% is expected, with 1,95 million used sales, although it is still far from the 2,1 million operations accounted for in 2019 in the last period without the coronavirus in the world.

Another data to take into account, this year will continue to maintain the trend of previous years, for which vehicles older than a decade will account for more than 60% of used operations -after growing 3% - with more than 1,1 million operations. The models between 4 and 5 yearsMeanwhile, they have gained prominence and an 18% growth is estimated in 2021, to 186.032 sales.

Used carSuch is the relevance of the car used in the Iberian Peninsula that in Madrid there is a special event to buy second hand cars: the Used and Pre-Owned Vehicle Show. The 24th edition was recently held, attended by more than Per people. There they were sold directly Car 1.432, almost half of those that were exhibited.

Why do the Spanish lean towards used cars? Its price continues to be an incentive to access a particular mobility solution that minimizes the risks of contagion coronavirus. For example, the average price of a used car was last May at 16.771 euros (0,8% more compared to April). In addition, both dealers and other entities offer the possibility of finance payment of the vehicle to facilitate the acquisition.

They are also devalued much less than a new vehicle, it offers all kinds of extras for a price similar to a new one with basic equipment, there are no registration or transport costs and the administrative procedures and delivery times are shorter.

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Automundo

Automundo is the blog about news from the automotive industry, motorsport and the culture of the region. Director: Diego Durruty.

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