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Younger, pricier, but better: Trends in used car sales


Today we are proud to show you the article sent by our Partner carsb2b.

carsb2bLeipzig, 04. June 2012. As shown in a report by the Deutsches Automobil Treuhand (DAT), the used car market has changed drastically over the last 10 years – largely in favor of buyers. New features like the car-scrap bonus and cheap leasing offers for new cars have led to a 17.3% increase in turnover. On average, cars are more expensive than before, but there’s a good reason for that: Last year’s models were the youngest ever. For this reason, many buyers now choose to purchase used cars.

Trendy: Low repair costs

In 2011, a total of 66.3 billion euros changed hands on the German used car market. With it, about 6.8 million used cars changed owners. The primary reason for this massive transfer of funds was positive development on the German auto market. Good deals on new cars led car owners to make the decision to update their models, whether in order to get reduced gas mileage or better accessories. And the models that then went on offer aren’t at all bad. They have lower repair costs on average. While these may have amounted to 169 euros in 1998, only about 15 euros are needed for repairs on a used car that is two years old in the first six months after purchase.

Different sales venues

Over 35% of these models were sold in new car dealerships, while 44% were sold privately. The high quality of the cars was well received abroad as well. Especially in East European countries, they enjoyed high demand – even though better quality meant higher prices (another market trend). In 2011, the average price for such a car was 9,740 euros. In 2010, it had been about 1,000 euros less. What’s more, the DAT report showed that male buyers paid more overall. Women proved to have more of a knack for finding bargains: Although they paid around 7,500 euros on average, men were prepared to fork over more than 11,000 euros.

Source: www.carsb2b.de (Autohandel unter Gewerbetreibenden: sicher & seriös mit carsb2b.de)

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