Used cars: Boom on the Swiss Market?
FUTURE While the importers' association auto-schweiz expects new car registrations to fall by over 20 percent by the end of the year, the used car trade appears to be on the verge of a boom. The omens were bad when a ten percent drop in new car registrations was recorded in January compared to the previous year. [...]
The omens were bad when a ten percent drop in new car registrations was recorded in January compared to the previous year. However, the fact that individual mobility is becoming more attractive in these times is shown by the noticeable increase in traffic volumes.
Poor result in April
One ray of hope is the change of owner in the used car trade. Of course, sales figures have also fallen in the used car market - but not quite to the same extent as for new cars.
While January started with an increase of 2.2 percent compared to the previous year, the wind only changed in February, when 1.4 percent fewer used cars were traded. In March, owner changes fell by 23.7 percent and in April by as much as 37.5 percent.
Lack of good vehicles
If you compare the figures for owner changes with those for new car registrations, it is noticeable that the ratio is shifting significantly. If this situation continues, a shortage of good used cars could arise relatively quickly.
On the one hand, the poor new car market means that hardly any new used cars are coming onto the market, while on the other hand, stocks of used cars are being reduced. This can have an impact on demand - and therefore also on the price of used cars.
