The shortage of electronic components is driving up the prices of used models with low mileage.
Buying a used car, a good deal? Maybe not. While the second-hand market has been doing wonderfully lately, some vehicle models, victims of their own success, are seeing their resale prices on second-hand platforms approach those of new ones. And sometimes even exceed them.
This is the case of the Dacia Sandero, the most accessible model of the low-cost brand and the best-selling vehicle to individuals in the first half of 2021. The car of the Romanian brand -owned by Renault-, in addition to its low consumption, has always seduced by its unbeatable price: 8890 euros for the “Access“. Thus the brand sold 33,951 units of Sandero in the first half of 2021. But this volume, however considerable, proved insufficient in view of the demand: many potential buyers then turned to the second-hand market. An option that is all the more attractive as with , delivery times are counted in months. “We have to wait until 2022for certain options, confirms a Dacia dealer when asked about the availability of the Dacia Sandero.
500 or 1000 euros more expensive than new
Because of this rush for second-hand, prices are rising… to the point of exceeding those of new. Thus, the Dacia Sandero Stepway, standard version “Crossover” very popular, can be resold on second-hand sites as new. The same phenomenon can be observed on the Toyota Yaris, the fourth version of which is sold second-hand at prices . Toyota with this model to “low consumption and French manufacturinghas, as with the Sandero, “a very good level of resale and therefore a discount“, according to the Argus group.
If these surges in second-hand prices mainly concern entry-level vehicles, some premium cars are also affected, such as the new Land Rover Defender. This all-terrain vehicle,heavily ‘penalised’ in diesel (€30,000) is resold at the price of new if it has low mileage to avoid paying the penalty” details the Argus group in Figaro.
Overall, across all of these low-mileage used vehicles, second-hand purchase prices have indeed increased by 12.9% between June 2019 and June 2020 according to data from Autoscout24.
Changing second-hand market
However, this development is not isolated and is part of a booming second-hand market: “sDuring the period from July 2020 to June 2021, the number of used car registrations stood at 6.3 million euros, i.e. +20% compared to the same period a year earliersays Olivier Flavier, managing director of Argus. For the used car specialist, this explosion is explained by two phenomena which affect professionals and indirectly affect individuals: “lack of rental car returns» and the shortage of new vehicles“due to stock shortages of electronic components“. “However, the situation should normalize by the end of 2021 according to the manufacturers.“, we reassure the Argus.
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