Used car sales remained strong during summer months
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According to preliminary data published by DataHouse, 534,400 cars changed hands on the domestic used car market by the end of August this year.
This figure is 3.5% higher than in the same period last year. Sales remained active in the summer months, with more than 202,000 used car transfers taking place in the last three months. The number of used cars imported in January-August 2021 was 85,300, down 1.9% year-on-year.
"The 202,400 sales recorded during the summer of this year is the second-highest figure for the domestic used car market in the given period. In the summer of 2020, sales were even higher, at nearly 216,000 between June and August, but this was clearly the result of the extra sales after the end of coronavirus pandemic-related closures last spring. The outlook for the fall months is also positive, so there is every chance that the annual peak of 808,000 set in 2019 will be broken," says Bertalan Halász, CEO of Jóautók.hu.
Activity in the coming months will be helped significantly by the fact that many buyers are now looking for their next car on the used car market due to the higher price of new cars and the significantly higher delivery times due to the increasingly severe shortage of chips. Most of them are also not discouraged by the fact that the increase in demand has also led to significant price increases in the used car market, with some categories seeing price rises of well over 20% over the past year.
In the Hungarian used car market, the lower-mid-range models are again at the top of the sales list this year: nearly 32,000 Opel Astras, 15,000 Ford Focuses and 14,000 Volkswagen Golfs had changed hands by the end of August. The most popular small car is the Suzuki Swift, which is second on the list with nearly 27,000 units.
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