Used Cars Price Down in January
The average price of used cars has been at 11,817 euros in January, 6.6 percent less than the same month last year, according to data collected by the vehicle platform AutoScout24 Internet, which has stressed that this decline represents a moderation in price drop experienced in 2009, when they dropped an average of 12 percent.
The average price development responds to the positive effects of public incentives schemes have on the market since mid last year and that benefits primarily to new vehicle transactions. This has been highlighted AutoScout24, which has moved 40 percent of used cars that were launched in Spain last year, On old cars, only 8 percent of operations qualifying for Plan has been awarded to vehicles 2000E second hand. By 2010, AutoScout24 has provided a spike in average around 4 percent, reaching around 12,500 euros.
Moreover, the downward trend in the average price of used cars was due, above all, ‘to the economic and financial difficulties of users who opt to purchase older vehicles, with higher number of miles and therefore cheaper. ”
In this vein, in January, the Spanish bought 14 per cent vehicles older (up to 6 years old) and almost 9 percent more mileage (up to 78,297 kilometers). Meanwhile, the gasoline-powered cars increased their share-nearly 34 percent of the total bid-hand market because its price is equal to characteristics, lower than diesel.
