AutoScout24: Larger range, higher prices
REVIEW Looking back on the past year, the online marketplace AutoScout24 notes that the supply of vehicles on the Swiss car market is growing steadily, but prices have nevertheless risen to record levels.
With a noticeable increase in the number of vehicles traded, the car market is showing further signs of recovery in 2023. The online marketplace AutoScout24 recorded a total of nine percent more vehicle advertisements than in the previous year. Purely electrically powered new cars stand out with an increase of almost 60 percent.
Around twelve percent more new car registrations compared to 2022, together with more than 750,000 changes of owner, will lead to a marginal increase in the number of passenger cars in Switzerland. Even though the industry is lagging behind the record years of 2019 and before in terms of owner changes, new registrations and used car offers, these figures are an indication of the recovery of the Swiss automotive market.
New car offers grow
Although the supply bottleneck situation has eased and more vehicles are available on the market again, average asking prices will continue to rise moderately across almost all vehicle categories in 2023. For the first time since 2019, the year-on-year comparison of new cars advertised on AutoScout24 shows a positive trend again. The supply will grow by 13% compared to 2022. SUV models and minivans are growing the most.
Alberto Sanz de Lama, Managing Director of AutoScout24: "The increase in new car listings on our platforms is a clear indication that the situation for car buyers is changing for the better. The improved availability could also indicate that prices will ease in the coming months."
Estate cars and SUVs are on trend
The market for used cars has grown by eight percent compared to 2022, closing at more than 700,000 listings on AutoScout24 for the first time since 2020. The effects of a longer-lasting trend towards larger cars are also evident here. Although all vehicle categories are increasing across the board, estate cars and SUVs are nominally the most popular vehicles on the used car market in 2023. Although vehicle prices will rise less sharply than in 2022, they will increase by five percent for new cars and four percent for used cars on the supply market over the whole of 2023.
