Italian used car market closes in 2022 with a decrease of 7.7%. In total, we are talking about 4,586,678 transfers of ownership against 4,971,788 in 2021. Specifically, net assists are down 10.1% and mini assists are down 4.4%. This is what comes from new UNRAE report who photographed this market.
Speaking in more detail about net transfers, I diesel models confirmed as the most sought after in the secondary market with 48.3% preference (50.7% in 2021). Then we have petrol cars with a market share of 40.3% (39.8% in 2021). Third place for gas car which in 2022 can count on a share of 4.4% of the used car market. Next we have HEV hybrids from 3.7%. methane stops at 2.2% and net car transfers pure electric (BEV) and plug-in they rise to 0.5% each.
New 2022 used car market report from the age of the cars. In fact, 51.4% of transfers of ownership involved vehicles older than 10 years (47.5% in 2021). Instead, the market share is 14.9% for vehicles 6 to 10 years old. 12% quota for cars from 4 to 6 years old. The share of newer vehicles, especially those aged 1 to 2 years, is declining compared to 2021 (to 3.7%) due to a reduction in Km0.
exchanges between individuals/companies they reach 60.4% of all transfers of ownership. This is a sharp increase from 47.9% in 2021 due to the lower availability of vehicles in retail chains. The share from the operator to the end user is reduced to 35.5%. Those who rent long-term lose (0.4%), while those who rent short-term recover (0.8%), and those who rent Km0 lose 1.3 points (by 2.8%).
The UNRAE report also analyzes the trend at the regional level, where there is an overall decline. Lombardy, Lazio and Campania alone account for 34.2% of transit traffic in 2022. In contrast, only Trentino Alto Adige, which saw a 10.5% increase at the end of the year, in used car exchanges with operators.
In total, 3.96 million new and used cars were bought on the Italian market in 2022, a decrease of 10% from almost 4.4 million in 2021. For every new car, there were two used cars.
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.