The most popular models do not change, but there are newcomers in the TOP10
Table of Contents
- 1 The most popular models do not change, but there are newcomers in the TOP10
- 2 The popularity of Opel Zafira grew the most in the country
- 3 The mileage of in-demand models is falsified more often
- 4 The situation in the used car market has stabilized
- 5 Methodology
- 6 What factors are driving the popularity of German cars in the Lithuanian used car market?
- 7 Lithuanian car brands
Table of Contents
- 1 The most popular models do not change, but there are newcomers in the TOP10
- 2 The popularity of Opel Zafira grew the most in the country
- 3 The mileage of in-demand models is falsified more often
- 4 The situation in the used car market has stabilized
- 5 Methodology
- 6 What factors are driving the popularity of German cars in the Lithuanian used car market?
In the first half of the year, Lithuanian drivers on the “carVertical” car history checking platform were most interested in the history of BMW 3 series cars – 6.2 percent. of all cars checked on the platform. This model is followed by BMW 5 series (5.8%), Volkswagen Passat (4.4%), Audi A4 (4%), Audi A6 (3.9%). .).
Compared to the same period in 2023, the Škoda Octavia (1.5% of all historical checks), the Opel Astra (1.2%) and the Škoda Superb (1.2%) broke into the top ten.
“German cars such as BMW and Audi have dominated the used vehicle market for many years. Drivers love them not only for their reliability – for a frequent owner, a car is also part of their image. It is true that many buyers also pay attention to Škoda or Opel, which, although cheaper, have earned a good name in the secondary market,” says carVertical car market expert Matas Buzelis.
The popularity of Opel Zafira grew the most in the country
The top ten most popular brands did not change during the year – the top of the list is dominated by BMW (17.2 percent of all cars checked), Audi (13.1 percent), Volkswagen (12.6 percent), Mercedes-Benz ” (9.2 percent) and Toyota (6.8 percent).
This shows that Lithuanian drivers remain loyal to the same car brands and are not inclined to look at other vehicle manufacturers.
Among all the countries that participated in the study, the Mini Coupé (+719.1%), Tesla Model 3 (+534%), Tesla Model X (+297.6%), and The popularity of Audi RS7 (+262.2%) and Jaguar E-Pace (+186%).
Lithuanian buyers looking for a used car are more restrained – the number of Opel Zafira history checks increased the most in the country (104.3%). This model is followed by Volvo V50 (80.7%), Kia Sportage (59%), Honda Accord (46.7%) and Opel Astra (42.8%).
The growing popularity of these models is good news for those planning to sell such a vehicle. The more in demand a car is on the secondary market, the more expensive it can be sold for.
The mileage of in-demand models is falsified more often
In-demand models often become the target of fraudsters. The market is full of cars with fake mileage, which can later bring many problems to new owners. When it is not clear how far the vehicle has traveled, it becomes difficult to follow the manufacturer’s recommendations and perform timely services.
7.6 percent all 3 Series BMWs tested by carVertical had corrected odometer readings, so buyers of this model should be extremely careful and avoid shaking hands with the seller without checking the car’s history. The mileage of other popular models is also frequently falsified: BMW 5-series (8.8%), Volkswagen Passat (7.7%), and Audi A4 (10%). The worst situation is with Audi A6 cars, of which even 12.1 percent. had the mileage adjusted.
The situation in the used car market has stabilized
Used car prices continue to stabilize in almost all markets – they are falling slightly. The decline in prices is due to the recovery of the new car market, and there is no longer such a large backlog of cars as there was a few years ago. As more new cars are produced, more used models that are a few years old are entering the aftermarket.
As for electric cars, the market for electric cars has picked up in countries where incentives have recently been introduced, but this is only a short-term trend. In the long term, the electric car market is likely to face difficulties, even as manufacturers have started to invest more in cars with internal combustion engines.
“Those buyers who wanted electric cars the most already have them, while everyone else either doesn’t see the need to switch to electric cars because they don’t have their own charging stations or don’t buy them,” explains M. Buzelis.
According to M. Buzelis, the purchase of used cars has slightly recovered and the number of transactions in the main European markets in the first quarter of this year has steadily grown.
Methodology
The carVertical study analyzes the company’s consumer-purchased car history reports from 2023. January to June, comparing this period with reports purchased from 2024 onwards. January to June. In each country, the number of reports purchased by consumers was converted into a percentage, thus creating the lists of the most popular cars. By processing millions of vehicle history reports each year, the company is able to provide used car market trends, forecasts and insights.
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2024-09-07 18:09:18
What factors are driving the popularity of German cars in the Lithuanian used car market?
The Lithuanian Used Car Market: Trends, Insights, and Forecasts
The used car market in Lithuania has been a subject of interest for many car enthusiasts and potential buyers. According to a recent study by carVertical, a leading car history checking platform, the most popular models in the first half of 2024 remain unchanged, with BMW 3 series cars taking the top spot, followed by BMW 5 series, Volkswagen Passat, Audi A4, and Audi A6. However, newcomers such as Škoda Octavia, Opel Astra, and Škoda Superb have broken into the top ten.
Loyalty to German Brands
German cars, particularly BMW and Audi, have dominated the used vehicle market in Lithuania for many years. According to Matas Buzelis, a car market expert at carVertical, “Drivers love them not only for their reliability - for a frequent owner, a car is also part of their image.” While many buyers also consider Škoda or Opel, which are cheaper and have earned a good reputation in the secondary market, German brands remain the most popular choice.
Opel Zafira Leads the Pack
Among all the countries participating in the study, the Opel Zafira saw the most significant increase in popularity, with a growth rate of 104.3%. This model is followed by Volvo V50, Kia Sportage, Honda Accord, and Opel Astra. The growing popularity of these models is good news for those planning to sell their vehicles, as the more in-demand a car is on the secondary market, the more expensive it can be sold for.
Mileage Fraud a Concern
In-demand models often become the target of fraudsters, with fake mileage being a common issue. carVertical’s study found that 7.6% of all 3 Series BMWs tested had corrected odometer readings, with other popular models such as BMW 5-series, Volkswagen Passat, and Audi A4 also being frequently falsified. Audi A6 cars had the highest rate of mileage adjustment, with 12.1% of models affected.
Used Car Market Stabilization
Used car prices have stabilized in almost all markets, with prices falling slightly. This decline is attributed to the recovery of the new car market, which has led to an increase in the supply of used cars. As more new cars are produced, more used models that are a few years old are entering the aftermarket.
Electric Cars: A Short-Term Trend
The market for electric cars has seen a short-term boost in countries where incentives have been introduced, but this trend is expected to
Lithuanian car brands
The Most Popular Models in Lithuania’s Used Car Market: Trends and Insights
Lithuania’s used car market has remained relatively stable in recent times, with German cars continuing to dominate the market. According to data from carVertical, a car history checking platform, BMW 3 series cars were the most popular models in the first half of the year, accounting for 6.2% of all cars checked on the platform. The top five most popular models also included BMW 5 series, Volkswagen Passat, Audi A4, and Audi A6.
Newcomers in the Top 10
Compared to the same period in 2023, Škoda Octavia, Opel Astra, and Škoda Superb broke into the top 10 most popular models, indicating a growing interest in these brands among Lithuanian car buyers. According to Matas Buzelis, a car market expert at carVertical, “German cars such as BMW and Audi have dominated the used vehicle market for many years. Drivers love them not only for their reliability but also for their image.”
Opel Zafira: The Most Popular Model in Lithuania
The Opel Zafira was the model that saw the largest increase in popularity in Lithuania, with a 104.3% increase in history checks. This was followed by Volvo V50, Kia Sportage, Honda Accord, and Opel Astra. The growing demand for these models is good news for sellers, as it can lead to higher resale prices.
The Dangers of Falsified Mileage
In-demand models are often targeted by fraudsters who falsify the mileage of vehicles. CarVertical found that 7.6% of BMW
