Imports of used cars are decreasing, prices on the secondary car market are falling. The price of the best-selling model increased year-on-year

Imports of used cars are decreasing, prices on the secondary car market are falling. The price of the best-selling model increased year-on-year
Imports of used cars are decreasing, prices on the secondary car market are falling. The price of the best-selling model increased year-on-year
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The average age of imported cars reached 10.4 years.

Fewer used cars from abroad are brought to the Czech Republic this year than last year. In the first four months, 47,144 imported cars arrived in the Czech Republic, which is a year-on-year decrease of 9.2%. This follows from the statistics of the Association of Car Importers.

The decline slowed significantly in April, but April and March figures are always more difficult to compare year-on-year due to the Easter holidays. The average age of imported cars this year is 10.4 years, while the share of vehicles older than 10 years is 48.91%, of which 22.76% are older than 15 years.

There is also a decline in the used car market. “However, the dynamics of the massive revival of the secondary market is beginning to stall – month-on-month, the number of cars offered in advertising has already decreased, as have the offer prices,AAA Auto stated in its market analysis for April.

Toyota became number two in the Czech market for new cars for the first time

According to the study, offer prices on the entire secondary market are falling for the second month in a row, the median is now 200,000 crowns. In a year-on-year comparison, however, the range of cars is still significantly wider (+ 22%), the average number of cars on the odometer is still the same (158 vs 160,000), the age also remains the same at 11.1 years.

AAA Auto records the biggest drop in prices for electric cars. For example, Škoda Enyaq fell by 33 percent to 1.029 million crowns, Tesla Model 3 by 22% to 739 thousand CZK, BMW i3 by 20% to 499 thousand crowns. Hybrid prices are falling. One of the few models that did not drop in price is the Škoda Octavia (+3.4%).
“We observe a month-on-month decrease in all monitored categories. Diesels and gasolines decreased by less than two percent, the offer of hybrids decreased by less than ten percent, and electric cars even by 12 percent.” calculates Petr Vaněček, co-CEO (joint general manager) of AURES Holdings, the operator of AAA AUTO and Mototechna.

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AAA Auto Aures Holdings import of used vehicles

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Tags: Imports cars decreasing prices secondary car market falling price bestselling model increased yearonyear

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