Used car prices continue to rise

Used car prices continue to rise


91,403 new passenger cars were sold in France in August 2022, i.e. a small increase of 3.9% in a market that is still very low. In terms of used cars, on the other hand, is a fall: with 358,856 cars sold over the last month, used models decreased by 16.5% compared to last year. In detail, sales of used diesel vehicles decreased by 5.37% but still represent the largest share of sales with a market share of 51.75%. Those of petrol cars rose by 4.56% (41.89% market share). Hybrids are up 13.29% and now represent 4.32% of the used market. The biggest increase is in the property of 100% electric models (+42.5%), even if it is only 1.25% of the current market.

Used cars often use diesel

Still models aged between two and five are the most sold on the second-hand market with 27.67% of the total, despite a drop of 3.51%. recent models, one year old or less, have decreased sharply by 23.4%. The logical result of the shortage of semiconductors that has prevented the sale of new models in the past year. Only used models aged 11 to 15 years saw an increase in sales in August (+3.81%). Models that will soon be banned from most ZFEs in our city centers…

It sold used car months except for 11- to 15-year-old models
It sold used car months except for 11- to 15-year-old models

Prices are going up a lot

Another result of the evolution of the new market and the scarcity of certain types of cars on the second-hand market, the average price is constantly increasing. According to Emil Frey dealers in data from last April, prices had already increased by 13% on the second-hand market by that date. Autoscout24 statistics speak of an increase in the average sale price of used cars of 7.5% for the year 2022 and 1.6% in the month of August alone. Our colleagues from An echo even mentioning a 20% increase in the first half of 2022 compared to 2021! Unfortunately, it’s not just the price of new cars that is going up. And used models are sometimes more expensive than the same new models.

On average, used car prices increased by 7.5% in 2022 according to Autoscout24
On average, used car prices increased by 7.5% in 2022 according to Autoscout24