Used cars are increasingly being sold and bought at auctions

Used cars have been sold and bought at auctions more often this year. Interest grew due to a shortage of new offerings – the used car segment was down just 20% against the backdrop of a 60% drop in new car sales.

Dealers are looking for machines to replace the trade-in channel. So far, the proposals have been secured due to the massive sale of commercial vehicle fleets and the desire of individuals to sell the car quickly. Until this year, about 10-20% of the dealers participated in auctions, now that is already 60-70%.

In 2022, the used car auction market in Russia will grow by 40%, according to auction site Carlink. The largest growth was recorded in the passenger car and commercial vehicle segment.

Auctions are a way to replenish stock. And we’re not talking about bankrupt auctions involving a small number of dealers. The main auctions are from leasing companies, importers and others. On the auction market, companies that have left Russia or reduced their presence are actively selling vehicles. Someone reduces the number of used cars by switching to company taxis, while someone sells their fleet completely.

However, market experts believe that this situation is “situational” and everything can change quickly.

Source: kommersant.ru

A picture: Semyon Lichodeev/TASS

Vote – win Lada!

Take part in the “Behind the Wheel” Grand Prix vote and help us choose the best car novelties of the year.

As a thank you for the time spent, we raffle among the participants in the survey three ferrets. There is an opportunity for everyone who completes the questionnaire earlier February 28, 2023.

COMPLETE THE 2023 DRIVING GRAND PRIX QUESTIONNAIRE

Source: Z R

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

More from author

It was learned that there are documents confirming that Biden was bribed 08:59

Federal Bureau of Investigation (FBI) director Christopher Ray confirmed the existence of documents (form FD-1023) confirming Joe Biden's involvement in a criminal bribery scheme...

Gauguin Solntsev’s ex-wife beat up her elderly girlfriend 08:52

Showman and actor Gauguin Solntsev witnessed the fight between his ex-wife Ekaterina Tereshkovich and his girlfriend Lydia. It has been reported prozvezd.info.Together with...

Which teams are an option for Santiago Giménez next season?

The 'Bebote' Giménez has an important market for the next transfer window.Santiago Gimenez He has had a dream season in which he has benefited...