People spend about 13,700 euros on buying a little used car and over 21,000 euros on buying a new car

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Among the most popular new cars last year are Toyota, Škoda and Hyundai, while in the little-used car segment – “BMW“, “VolkswagenThe average amount of funding people spend on a second-hand car is around € 13,700, compared to € 21,000 for a new car. g CO2 / km).

“More and more people around the world are” voting “for a cleaner and more sustainable environment with their purchases and actions, taking into account global climate change. Such trends are not only noticeable in the largest markets, but also in Latvia. “We have seen a fourfold increase in demand compared to 2020. Given that the state support program for the purchase of both new and used electric and hybrid cars is expected to be launched soon, it is expected that we will see even greater growth in this car segment soon,” he said. Sergey Romanuk, head of car finance at Swedbank.

In total, with Swedbank’s funding, 550 more environmentally friendly cars started rolling on the roads in Latvia last year, 133 of which were electric-powered, including Plug-in hybrids. Among the most popular electric cars ranked “BMW i3”, “Nissan Leaf “a” Skoda Enyaq “.

Assessing the most popular types of cars, the bank’s representatives highlight the constant high demand for so-called compact crossovers (small and medium-sized SUVs). These cars make up 51% of all new and little-used cars leased. The most popular cars in this niche are Toyota Rav4, Škoda Kodiaq and VW Tiguan. In the small and medium-sized car niche, buyers have most often chosen Toyota Corolla, Škoda Octavia and VW Golf this year.

Interestingly, in the new car segment, the majority or 77% of cars purchased were with a petrol engine, 16% with a diesel engine and 4% with an electric car, while the little-used car segment is still dominated by diesel engines (67%).

“In general, last year the population more often chose to buy a new car from the salon (59%), but the share of new car purchase transactions has been decreasing since 2019, but the demand for used cars is growing. This can be explained by the lack of new car components and Production and delivery times, which have often been crucial in deciding in favor of a second-hand car, have also affected the prices of second-hand cars, which have risen as fewer cars enter the market than ever before. It should be noted that currently from the moment of ordering until the receipt of the new car may have to wait from six to nine months, “points out.

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