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The Rise of Secondary Sales: Moller Auto Reports 51% Increase in Slightly Used Car Transactions

The data of car dealer “Moller Auto” show that the number of slightly used cars sold or bought back by car owners, intended for second-hand sales at the company’s dealers in Latvia, this year from January to July, compared to the same period last year, has increased by 51%.

This year, Audi, Volkswagen and Škoda are among the brands of slightly used cars that have most often ended up in the company’s secondary sales.

says Izīda Gerkena, executive director of the “Moller Auto” group of companies in the Baltics, in general, more and more car owners are interested in handing over a slightly used car for secondary sale in dealerships.

“Moller Auto” states that between January and July 2023, the company purchased almost 1,500 slightly used cars for secondary sale. The majority, or 75%, of cars purchased from car owners are from people living in Latvia. The rest is made up of cars from Germany, Sweden, Norway, Estonia, Lithuania, Luxembourg and Belgium.

Izīda Gerkena, executive director of the “Moller Auto” group of companies in the Baltic states, states that the currently used car market is still experiencing growth. “In the auto industry, we are still in an atypical situation, when the demand for slightly used vehicles is greater than the supply. Also, nowadays, car owners increasingly choose to continue driving the car instead of selling it on the secondary market, because they are not sure about the possibilities of buying a new car. True , given the high demand for pre-owned cars, it is clear that a large number of drivers are choosing pre-owned vehicles over new cars.Over the past years, the pre-owned car market has started to regain its prestige, and people are increasingly aware that buying a pre-owned car from a dealer, not in the parking lot or directly from the owner, they will receive a quality car with a transparent history of its use,” says I. Gerkena.

In the first seven months of 2023, the most common car models that “Moller Auto” bought from car owners for second-hand sales are “Volkswagen Passat”, “Volkswagen Tiguan”, “Volkswagen Golf” and “Škoda Kodiaq”. SUVs are most often chosen by households with children, while for individual needs, for example, to go to work every day, people choose smaller and more economical cars like “Golf”.

Izīda Gerkena continues: “Over the past years, we have noticed that more and more car owners are interested in selling their slightly used vehicles at our dealerships. This can be explained by the fact that the sale process is simple when selling a car at dealerships. For example, if the car also needs some technical improvements, they will be carried out in “Moller Auto” certified services, ensuring a full technical inspection of the car. Also, the process of selling the car and drawing up documents will not be a concern of the previous owner.”

She adds that when receiving cars handed over for secondary sale, “Moller Auto” service experts pay attention to three main aspects: the car’s mileage data, the history of repairs and the general technical condition of the car. Before the car enters the second-hand market, it undergoes a technical inspection, in-depth examination of its compliance with 130 criteria. On the other hand, when carrying out repairs, new spare parts corresponding to the specific model are used for the cars.

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2023-08-31 08:11:27
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