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Used cars are used as a store of value and sales operations grew in May

Used cars are used as a store of value and sales operations grew in May

The CAC detailed that 142,181 used vehicles were sold in May, which represented an increase of 2.62% compared to the same month in 2022. In this note, the June price list, one by one.

The operations of buying and selling used vehicles they grew 2.62% in May compared to the same month in 2022, adding a total of 142,181 units against 138,552 in the previous period, the Automotive Chamber of Commerce (CCA) reported today.

“May ended with growth in the sale of used cars in all the country’s provinces compared to the month of April. And it is not a minor fact when evaluating this behavior”said Alejandro Lamas, secretary of the CEC.

“There is no doubt that for many people the car continues to be a refuge of value because it keeps up with the rate of inflation and the devaluation of the currency. Also, if the agencies had more product offer, more stock, surely the market would grow much more” , said the manager in a statement.

The CAC detailed that 142,181 used vehicles were sold in May, which represented an increase of 2.62% compared to the same month in 2022; while compared to April the increase was 9.23%.

In this way, in the first five months of the year, 663,831 used vehicle purchase and sale operations were completed, with an accumulated increase of 2.35% compared to the same period in 2022 (648,575 units).

What were the best-selling vehicles?

Regarding the ranking of best-selling vehicles in May, again the VW Gol and Trend models were the most chosen, followed by Chevrolet Corsa and Classic; and by Toyota Hilux.

Used cars: the June 2023 price list

Source: Ambito

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