Aurelien Fleurot
The price of used cars is finally stabilizing. A first following two years of increase. Less constrained by shortages of semiconductors and factory closures linked to the health crisis, the market is breathing once more even if the time is not yet quite right for prices to fall.
The price of used cars is finally stabilizing. A first following two years of increase. It’s not yet time for price cuts, but at least this stabilization, especially on recent vehicles, is positive and can be explained by the beginning of a return to normal on the automotive market.
This is explained by Julien Billion, general manager of AAA Data, the data specialist in the sector. “There are more vehicles available, less supply/demand tension, which favors a slowdown in the increase which has been violent over the past 24 months: between 22% and 50% depending on the age of the vehicles”.
The limit of the French reached
And this general decline is also explained because the limit of what the French are ready to pay for a used car seems to have been reached. This is what the site Le Bon Coin, leader in the market for sales between individuals, notes. And this is confirmed by Emmanuel Labi, president of Autobiz.
“Due to the very high inflation on used vehicles, we may have reached a point of inflection where prices are so high that consumers can no longer keep up. Or in any case, cannot not follow an even greater increase,” he said.
And the registration figures on the rise since the beginning of 2023 – plus 24% in March – can even give hope for a slight drop in prices in the coming months.
