What consequences for the used car market during the entire Covid period

There is no doubt that it was a very difficult period, as demonstrated by the declining numbers for a sector that has suffered, like many others, one of the darkest historical moments for the economy. During 2020 the new market experienced a contraction of 27.9%; On the other hand, what happened to used cars was different, which after a first half of the year of sharp decline recorded a notable recovery in the second half of the year, closing the year with the plus sign. If we take a look at the numbers, we notice the difference between new and used: taking into account the same time frame (i.e. the second part of 2020) we record a 3.45% more change of ownership for used cars compared to a decline of 4.5% for new used cars in sacramento.

Also with regard to the new market, there are other interesting opportunities to buy the car, such as April and May . Because in this period you can start ordering the new models presented at the beginning of the year and in all probability you can have the car ordered in early September. Where is the convenience? Well, it lies in the fact that you are back in the second semester and therefore when you have to sell the car it will not lose in valuation, in a nutshell you can regain a hundred euros on the car.

The second-hand market depends on the new

As for and more interesting offers of the used car market , in essence it can be said that this more or less follows the trend of the new market, but obviously there are exceptions. The cases, in fact, are different depending on whether you intend to buy from a private individual or from a professional dealer. In this second case, the new market can be followed. Those who sell used cars as a profession, for the same reasons as those who sell new cars, in December will tend to apply special offers and discounts to incentivize their purchase, first of all is the reason why sales, in fact, drop and dealers, too. those of second hand, need to reach the annual goals set by the companies. But if this is what happens in car showrooms, even if they are used cars, what happens if instead you decide to buy the car from a private seller? Obviously in this case, things change and it will not be possible to refer to the calendar to understand when is the best time to buy a used car at an affordable price.

Regarding the purchase of a used car from a private individual , the best period cannot be established a priori, but some general reasoning can be made. For example, if there are interesting incentives and offers in the new market, it is more likely that a private individual wants to sell his old car to buy a new one, so in this case we could find affordable prices a few weeks before the periods we have just taken. under consideration, for example, a fortnight before December, therefore after the first decade of November and so on. Obviously, other factors then take over, such as the reasons that push you to resell your used car.