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Auto Shows The fall in sales of new cars in France continues

08:50  20 july  2022
08:50  20 july  2022 Source:   ouest-france.fr

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La chute des ventes de voitures neuves en France continue © Olivier Martin-Gambier The fall in sales of new car in France continues European sales of cars continue to drop with a fall of 14% in the first half of this year .

The sales of Automobiles fell 14% in the European Union in the first half of 2022 compared to the same period of 2021, said the association of European manufacturers (ACEA). Electronic, some 4.6 million new vehicles have been sold in the European Union, where the main markets all display two -digit falls.

Italy thus collapsed by 22.7%, France by 16.3%, Germany by 11%or Spain by 10.7%. Near the EU, the British market fell 11.9% over the same period. The month of June was the 11th month of decrease in a row, with a decline of 15.4% over a year of sales in the EU.

The Average Used Car Price is Now $33,000

  The Average Used Car Price is Now $33,000 Data shows that used cars are commanding a $10,000 premium above normal pricing levels.Thanks to data compiled by CoPilot, we can see just how much consumers are paying for used cars as of last month. By tracking virtually every dealership in the US, the data shows the average transaction price of a used car has risen to $33,341, a $172 fall from the used market's peak at $33,513 in March. Looking back at pre-pandemic and early 2020 data, that's $10,046 above projected normal prices for used cars.

Since spring 2021, the automotive market has been slowed down in Europe and America by a series of logistical problems, including a shortage of semiconductors. These electronic chips, mainly produced in Asia, are essential for the manufacture of phones and laptops, but also cars that always embark more electronics. With stabilization of flea supply, the ACEA provided for a rebound in cars in the second half of 2022, but the war in Ukraine came to shower this optimism.

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video deliveries: a Frenchwoman occupies the head of electric cars sales in the first half (Dailymotion)

only Hyundai-Kia progresses

despite declining sales figures, manufacturers have garnered profits in the first quarter thanks to the rise in car prices. But their sales figures continued to fall in April. The European leader Volkswagen fell 18.5% in the first half of 2022 (-22.3% over a year), with a strong withdrawal from its main brand, Skoda and Audi.

When Will Used Car Prices Go Down?

  When Will Used Car Prices Go Down? It isn't news to anyone who has shopped for a used car in 2022: The price of used cars has soared to record highs. According to the U.S. Bureau of Labor Statistics, its used car index, which tracks used car prices, has risen by 42% from December 2019 to October 2022. The free-market used car arena is built on the foundation that sellers can sell cars for the maximum amount buyers will pay. At this point, buyers are showing willingness and ability to pay astronomical prices. Used car prices shot from the first to the tenth floor like an elevator. They're likely to descend like an escalator, and a very shallow one at that. They may never reach the ground floor again.

Son Dauphin Stellantis lost 22.5% in the first half of it, and 17.9% over a year, with significant declines for Peugeot, Fiat or Citroën, in particular. Only the Korean group Hyundai -Kia continues its increase in the European market with +9.9% in the first half, but -4.8% over a year. He thus returned behind the Renault group in market share (8.2% against 11.8 in the first half).

Renault sees its sales fall by 8.1% on the first half, the main brand losing 20.8% but Dacia progressing by 16%. In the first half, Toyota sales fell by 1.6%, BMW-Mini by 13.7%, Mercedes-Benz of 8.1. Ford lost 14%, while Volvo collapses by 27.4%and Land Rover-Jaguar by 30.1%.

Nissan lost 14.3%, Mazda 19.3%, Mitsubishi 6.2%, while at the bottom of the Honda table displays an increase of 18.2%(but -8.9%over one year) with a share market of 0.4%.

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How to Buy a Used Car .
Our tips and expert picks will help you find a reliable pre-owned vehicle at a price you can affordBy Benjamin PrestonUsed-car prices have soared this year, and according to market analysts, they ’re likely to remain high for a while. The reasons are complicated. In short, a global microchip shortage has meant that automakers can’t build new cars fast enough to meet demand. Fewer new cars for sale has increased demand for used cars, pushing prices up more than 40 percent above normal levels this past summer.

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