In the last two years, the average value of a VO has grown by up to 24%. The microchip crisis and, therefore, the lack of stock means that, if you are interested in selling a car, you now receive much more money than before…
That we have not started a new decade on the right foot is more than proven: Covid, the consequent socioeconomic crisis, lack of semiconductors, long delays in the deliveries of new vehicles… However, something positive must have brought so much calamity. And the truth is that, if we start to analyze the data of the used market in the last two years, we see that it is going like a real shot. Perhaps what best sums this up is to say that the average value of used cars has grown by almost 25% since the beginning of 2020 until now. In absolute terms, we are talking about an average increase of 4,000 or 5,000 euros: from the average previous offer price of 19,000 euros to the current 23,800 euros.
Is second-hand renting recommended?
Therefore, according to what Dacia tells us, the VO market is more resistant to the crisis and there is also room for growth at the national level. “The average renewal of the new vehicle is more than nine years, well above the European average,” they add. All this, translated into Spanish, basically means that if you want to sell a second-hand car today, you will receive more money than if you had done it some time ago. It is also true that the outlay for those who buy used youngsters is somewhat higher, but in return, and in general, they get a more technological, equipped, and safe unit.
Dacia, leader in the ranking of residual values
Precisely the Romanian brand of the Renault Group is the one that is positioned at the top of the ranking of residual values. This term comes to represent the economic value retained by a vehicle (The opposite of depreciation.) In the case of Dacia, as reflected in the Eurotax records, it exceeds the market average by no less than 13 points.
Of course, such leadership is not by chance, but a sum of factors that determine its strategy and business model. For example, one of its maxims is that, while the market distributes its sales in various channels such as rent a car, Dacia focuses on individuals with close to 80% of its sales (the Sandero as standard bearer.) Adjusted prices, the new visual identity or its offer of low emissions with the electric Spring and the LPG versions of the Sandero, Duster and Jogger also influence this success .