Stable Increase in the Used Car Segment in Latvia and the Baltics: Moller Auto Sees 65% Growth in October and 39% in November

In general, not only in Latvia, but also in the Baltics, there is a stable increase in the used car segment, that is, the turnover data of “Moller Auto” shows that in October the increase was 65%, and in November – 39%, compared to the data of these months last year.

“The growth of the used car segment has mainly been promoted by the desire of buyers to buy newer, slightly used cars. We see that in this car category, buyers trust dealers and certified car sellers more, where people can be sure of the car’s history, including mileage data, as well as receive a car warranty. Also, buyers are still interested in cars that are equipped with a variety of additional equipment, providing comfort, additional safety on the road and support for the driver, as well as entertainment options, which are especially characteristic of the latest car models. This year, “Moller Auto” also significantly expanded the used car offer, namely , in addition to “Volkswagen” and “Audi”, dealers also have cars of such brands as “Skoda” and “Volvo” available in larger quantities,” says Gerkena.

She adds that the changes in the procedure for calculating the company’s light vehicle tax (UVTN) have also boosted the interest of buyers. As a result, business customers are increasingly interested in purchasing a plug-in hybrid car. For example, these cars, despite their power, have to pay UVTN in the amount of only 25 euros per month. While, for example, if the car is equipped with an internal combustion engine, the power of which exceeds 200 KW, UVTN costs 140 euros per month. In response to these changes, “Moller Auto” also significantly expanded its assortment of plug-in hybrid cars.

“Moller Auto” data shows that the most purchased used cars so far in December this year were “Volkswagen Passat”, “Škoda Kodiaq” and “Volkswagen Tiguan”, while in November and October the most popular were “Volkswagen Tiguan”, “Volkswagen Golf” and “Volkswagen Passat”.

Forecasting the demand in the second-hand car market in 2024, Gerkena states that the segment will maintain stable growth, as buyers in Latvia are happy to choose used cars, valuing them equally highly as new cars.

2023-12-27 10:41:00
#Interest #newer #newer #cars #car #segment