Sales of cars occasion grow to 17.3% in the first quarter of 2016

Ventas de coches de ocasión en España - primer trimestre de 2016

we Analyze the sales of cars of occasion in Spain during the first quarter of 2016.

According to data published by the National Association of Sellers of Vehicles to Engine (GANVAM), during the first quarter of the year 2016, sales of cars occasion have been a growth of 17.3% after being sold a total of 480.285 vehicles of occasion in our market. The forecasts that shuffles the sector is to be able to close the year with more than 1.8 million cars occasion sold. That would translate into a growth of 3% with respect to the data of 2015.

on the other part and going into detail about the types of cars occasion sold in Spain between the months of January and march, we see that the sales are driven largely by employee’s cars as well as those classified as “car teens”, that is to say, those with less than five years old. A type of vehicle of occasion, during that period of time, accumulate a growth of sales is 49.7%.

in Addition, Ganvam also attributed the strong growth of the sales of this first quarter due to the demand that has generated the channel of professional, sales were up 38.3% as up to the past month of march. In fact, in the total of the market opportunity, the hire more young star in an increase of 47,6% during the first quarter, a trend that allows the employee’s cars, or of a young age, to continue gaining ground against so-called “car mileuristas” (vehicles over ten years old and very low price). In spite of this, this type of cars are representing 51% of the global.

Ventas de coches de ocasión en España - primer trimestre de 2016

Sales of cars occasion by seniority in the first quarter of 2016.

Continuing with the data of sales professionals, we see that, while sales between private individuals continue to represent the vast majority of the transactions in the sector, the professionals are gaining strength and gaining ground. In the first case, individuals represent eight out of every ten buyers of VO, a statistic that translates into a decrease of 6.4% compared to the first quarter of last year.

although, the companies increasingly rely more on the sector of the VO and during the first quarter, they shot their purchases of cars of occasion 76.7%, that is, a representation of 18.5% of the total sales recorded in the market during this period of time.

In regards to prices car occasion, we see that the evolution of these continues an upward trend. During this first quarter, the average price of the so-called cars mileuristas has experienced a rise of about 315 euros to be on average in the 4,500 euros. For his part, the employee’s cars have been moving at 500 euros, while the cars from the fleet with an age of about five years, have seen their prices around 670 euros on average until march.

Ventas de coches de ocasión en España por CCAA - primer trimestre de 2016

Sales of cars occasion by autonomous communities in the first quarter of 2016.

During the first quarter of 2016, the ratio of sales of vehicles of occasion for each new one was in the 1.7 to 1 compared to 1.5 to 1 last year. One more piece of data that comes to the ratification of the growth of the demand for the cars of occasion as the first option of mobility in Spain.

Going to analyze the sales by autonomous community, we see that all recorded growths during the first three months of the year. The Community of Madrid is the one that heads the growth ranking of sales with a rise of 26.3% respectively. After it, we have to Castilla-La Mancha, with an increase in sales of 23.7% and to the Murcia Region with a rise of 19.8 per cent to close this “Top 3”.

Also noteworthy is the growth recorded in other regions, such as in Asturias, where the sales of vehicles of occasion rose 17.7%, or in Catalonia, where the number of units of used cars sold represented a growth of 14.9% to the autonomous community. On the other hand, and if we take a look at the other side of the coin, the less growth of the sales are in the Basque Country, with a growth of 8.6%, or to the autonomous cities of Ceuta and Melilla, with an increase of only 4,7%.