Used car prices fall again after appreciation

Used car prices fall again after appreciation


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Mobiauto investigated the prices of the ten best-selling used cars in 2021 and compared data from different periods. To reach the results, we used as a basis the average price by model or by version and model year, in the periods between January 2021 and January 2022, and between January and August 2022.

During the research, we discovered interesting data, such as the period of depreciation from January to July 2022, and the maximum was recorded in August. This proves that, although the used market is moving towards stability, we are still facing very turbulent times.

The sea should calm down only once the supply of raw materials is normal and, perhaps, after events such as elections and the World Cup have passed.

Read also: Is there still a chance for the car market to grow in 2022?

Unbelievable percentage increase in 2021

From January 2021 to January 2022, the ten best-selling used cars last year appreciated by more than 20%. The VW Gol and Hyundai HB20 were the models that increased their prices the most on average, with an increase of around 30%.

Even products from Ford, which left many consumers worried when it ended production in Brazil, had high levels of comprehensibility. The Ford Ka, one of the manufacturer’s most successful models here, saw its prices increase by 24%, on average, in the used and pre-owned market last year.

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The ten most used cars in Brazil – Average price changes in 2021

Volkswagen Golf: 29.65%
Hyundai HB20: 29.21%
Chevrolet Celta: 26.60%
Fiat Palio: 26.15%
Volkswagen Fox: 25.62%
Fiat Uno: 25.40%
Ford Ka: 24.28%
Chevrolet Onix: 23.54%
Fiat Strada: 23.46%
Ford Fiesta: 22.16%

Read also: Cars that cost R$50,000 3 years ago and today cost R$100,000

Price changes from January/2022 to July/2022

The first seven months of 2022 showed a more stable and optimistic situation for consumers, after a period of crazy corrections.

When we compare the same models in the period from January to July 2022, the situation changes dramatically. All ten of the best-selling and used cars in 2021 saw their average market prices drop in the first seven months of this year.

The gol used by HB20, for example, which appreciated by almost 30%, on average, in the past year, in the first seven months of 2022, fell by 6.6% and 10.04%, respectively.

Retailers and dealers who contacted us report that used car prices continue to drop month after month. Marcelo Torino, manager of the Ribeiro Veículos store in São José dos Campos, says that many of the models sold in his store are falling in price:

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“In my list, nine cars went up from R$200 to R500, while another 36 went down from R$1,500 to R3,000,” he said. Despite this recession, prices have not yet returned to the same level as in 2021. Shopkeepers are complaining about a lack of customers and consumers are complaining about unaffordable values.

Top ten used cars in Brazil – Average price change between January and July 2022

Volkswagen Gol: -6.60%
Hyundai HB20: -10.04%
Chevrolet Celta: -12.34%
Fiat Palio: 2.18%
Volkswagen Fox: -9.48%
Fiat Uno: -11.61%
Ford Ka: -9.07%
Chevrolet Onix: -7.10%
Fiat Strada: -7.49%
Ford Focus: -7.76%

Price changes from January/2022 to August/2022

Comparing the January/2022 and August/2022 drop prices has little significance. Models such as the Chevrolet Celta, Fiat Palio, Ford Ka and Chevrolet Onix even show a lot of stability, with price differences of less than 1% in eight months.

Other models on the list showed more volatility, but still more stable than between 2021 and 2022. The VW Gol had the highest depreciation (-2.56%) and the Ford Fiesta the most appreciated (8.41%).

10 best selling used cars in Brazil – Average price change between January and August 2022

The first seven months of 2022 showed a more stable and optimistic situation for consumers, after a period of crazy corrections.

Volkswagen Gol: -2.56%
Hyundai HB20: 3.33%
Chevrolet Celta: 0.94%
Fiat Palio: 0.02%
Volkswagen Fox: 2.53%
Fiat Uno: 2.09%
Ford Ka: -0.26%
Chevrolet Onix: -0.13%
Fiat Strada: 6.03%
Ford Focus: 8.41%

Read also: 10 cheapest automatic cars in Brazil in 2022

Price changes from July/2021 to August/2022

If the collection from January to August 2022 showed stability, the number of July and August is stronger, and the increase reaches almost 18% from one month to another.

As you can see, the market is not a joke, let alone a predictable or rational behavior. What Economist and car market expert would suggest such a huge increase (17%) from one month to another in the Ford Fiesta?

Elissandra da Silva, owner of the Stop Cars store, in Rio Branco (AC), describes the sales of the first half of 2022 as a period of ups and downs:

Read also: Cars up to R$ 60,000 are the most searched for on the internet. What can you buy?

“Pre-owned cars had a real increase, due to high demand. Now, after the crisis, the zero kilometer market is still changing and the price has still increased. All this affects the value of used cars,” says the businessman.

On the one hand, more consumers are turning to popular cars; on the other hand, the instability of the economy, the fact that it is an election year and the preservation of loans have made consumers postpone purchases, which contributes to price volatility.

Ten best selling used cars in Brazil – Average price change between July and August 2022

The first seven months of 2022 showed a more stable and optimistic situation for consumers, after a period of crazy corrections.

Volkswagen Gol: 4.32%
Hyundai HB20: 14.87%
Chevrolet Celta: 15.16%
Fiat Palio: -2.11%
Volkswagen Fox: 13.26%
Fiat Uno: 15.50%
Ford Ka: 9.69%
Chevrolet Onix: 7.50%
Fiat Strada: 14.62%
Ford Focus: 17.53%

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