B2C used petrol car prices rising sharply in Spain
With petrol MDS falling sharply in Spain but diesel B2C used car market share remaining high, the next logical place to look at Indicata’s data is used car pricing by fuel type.
Since October 2017 the average B2C used petrol car price in Spain has risen by 39.6% to €27,931 compared to an average 6.5% rise seen in used petrol prices in the other four large European markets.
Rising petrol prices well ahead of diesel
The rise in petrol prices are well ahead of diesel which rose 8.1% over the last year in Spain and three per cent across all five markets. The trend was depressed by a 1.9% fall in the Italian diesel B2C used car prices where compressed natural gas (CNG) and liquefied petroleum gas (LPG) are becoming increasingly popular.
Used petrol cars are also gaining popularity in Italy with prices rising 8.1% in October 2018 compared to October 2017, making it the second highest rising market after Spain.
C-segment petrol prices rise sharply
The medium sized car C-segment is very popular in most countries. A review of the Indicata Index shows how B2C used petrol car prices have been rising sharply during the second half of 2018 in Spain compared to the decline in average diesel used car prices throughout the year.
The same pattern can even be seen in the Spanish SUV segment as demand for the smaller petrol SUVs have seen used prices rising against falling diesel used car values.