Used car transfers in Italy are decreasing and increasingly concern cars over 10 years old
The used car market in Italy is in sharp decline. The latest data (updated to the end of November 2022) confirms a clear trend in the sector with real estate transfers down -9.1% compared to 2021 data. This result is accompanied by the decline in new car registrations that characterized the Italian car market in 2022. The data released today by UNRAE also clarifies some central elements of the new car market. occasion in Italy. Specifically, transfers of cars over 10 years old they continue to be there majority. These data confirm the problem ofadvanced average age of the fleet circulating in Italy, already clarified by a recent ACEA report from early January. It should also be remembered that Italy is facing a drastic drop in radiation. Let’s see all the details on the trend of the second-hand market in Italy.
USED CAR MARKET IN ITALY SLOWS DOWN: FULL DATA
Italy’s used car market continues to slow. The latest data published in these hours confirms a total of 4.15 million transfers (between January and November 2022) with a decrease of -9.1% compared to the same period of 2021. In November, however, a less marked decline was recorded (-3.3%). The largest drop concerns net transfers, while for mini-transfers (temporary transfers in the name of the concessionaire pending resale to the end customer) the drop is less marked. Here is the data:
– Net transfers: 2.39 million, a decrease of -11.5%
– Minivoltages: 1.86 million with a decrease of -5.7%
The data in question (still awaiting consolidation but also very indicative) better reflect the current situation of the second-hand market in Italy, which is down sharply compared to the past. In the meantime, however, I transfers by car with advanced age are becoming increasingly relevant.
CARS OVER 10 YEARS LEADING THE USED CAR MARKET IN ITALY
One of the most interesting data to emerge from the UNRAE report concerns the age of vehicles subject to net transfers or transfers between individuals. According to the data in question, in factthe share of net transfers of cars over 10 years old continues to grow. At the end of November, this percentage was 51.7%, up more than 4 points compared to last year. Also considering cars between 6.1 and 10 years old (which cover 15% of net transfers), about 2/3 of net transfers concern cars over 6 years old. This figure confirms the difficulty of updating the Italian car fleet by lowering its average age which, according to the latest ACEA data, is now 12.2 years.
USED DIESEL CAR TRANSFERS DECREASE BUT GASOLINE INCREASES
The diesel car continue to be the reference in the used car market, especially with regard to net transfers. The latest data, in fact, sees diesel-powered cars occupying the 48.5% of total net transfers. These data are down 2.1 points compared to last year. At the same time, however, there has been a growth in transfers of gasoline car which go from 39.9% of the total to 40.4%. Third place for car LPG which reach a share of 4.4%.
USED CARS IN ITALY: WHO MAKES OWNERSHIP TRANSFERS
The majority of used car net transfers come from exchanges between individuals/companies. This type of operation now covers more than 60% of total transfers with an increase of 12.6 points compared to last year. This figure is also influenced by the reduced availability of cars in the sales networks. In addition, transfers between operators and individuals/companies fell sharply (still at 36.1% with a drop of more than 10 points).
DATA ON USED CAR MINIVOLTURES
About the mini-transfersmarket leader are private and corporate barter with a total share of 62.9% of the total, up 6.8 points. As for food, it’s always the diesel play the main role with 53.3% of total mini-transfers but with a drop of more than 3 points compared to 2021. Also in this case, the share of petrol cars is increasing, from 32.2% to 33.1%. In addition, for minivolts, the “weight” of cars over 10 years old is less obvious but still significant. In total, the 40.1% mini-volumes relate to cars over 10 years old with an increase, again, of more than 4 points. If we consider cars between 6.1 and 10 years old, 58.4% of mini-transfers concern cars over 6 years old.
Source : Sicur Auto