New car sales fall across most of Europe’s big five as used car demand strengthens
INDICATA’s latest data shows online B2C used car sales are up 7.5% to 5.5 million units in the first five months of 2019 for the big five European car markets compared to the same period last year.
Only Spain saw used car sales volumes fall, down 11.1% so far this year. France saw the largest rise as sales jumped 13.8%, closely followed by a 10.6% increase in the UK year-on-year. Italy (+5.4%) and Germany (+4.6%) also saw a healthy increase in used car sales.
Germany is the only country to see new car sales increase over the same period as sales rose 1.74% for the five months to May 2019, compared to the same period in 2018. New car sales in France remain flat, down 0.05%, whilst sales in the UK dropped 3.1%; Italy fell 4.1%; and Spain saw a 5.1% decline as yet another change in government has knocked some of the car buyer’s confidence out of the economy.
Continued trend for used car sales
Except for Spain, this data highlights a continuing trend to move from new car sales to used car sales which happened for most of last year and shows little sign of abating.
Online B2C used car sales were 140% higher than new car sales in Germany for the period January to May 2019 compared to 137% for the first five months of 2018. In the UK that ratio went from 140% in 2018 to 160% in 2019 over like for like periods.
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