Used car sales in Jan-Jul above 2020 level

Automotive

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According to newly released preliminary data from DataHouse, 464,700 cars had changed hands in the domestic used car market by the end of July this year. 

This figure is 3.6% higher than the same period last year. In the absence of a new crisis, JóAutók.hu expects the annual turnover of the market to exceed 800,000 cars.
 
"Although the turnover of the last two months is below the level of the same time last year, there is still strong activity in the domestic used car market," points out Bertalan Halász, CEO of JóAutók.hu.

"This activity is likely to continue for the rest of the year. So far, 11% more new cars have been sold than last year, and used car imports have also picked up in the summer months, so it is expected that more trade-ins will be advertised for sale in the coming months than last year. The second half of the year is usually more active than the first. This trend will only be broken this year by another strong wave of the coronavirus epidemic," he added.
 
Cars by Opel continue to be the most frequently exchanged cars on the Hungarian used car market, followed by Volkswagen and Suzuki: the combined share of the three brands is 31%. The vast majority of the cars sold on the market are older: 76% of the cars transferred so far this year were at least 10 years old.
 
While the volume of used cars changing hands in the used car market in the first seven months of 2021 is 3.6% higher than the 448,000 registered in the same period last year, the number of used cars imported in the January-July 2021 was 74,400, about 3.7 % down on the 77,300 registered a year earlier.

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