UNRAE, the Italian used car market starts from 2023 March 28, 2023 0

For the Italian used car market 2023 opens positively. There were 372,696 property transfers in the first month of the year, compared to 345,709 in the same period in 2022, according to a new UNRAE report. 7.8% increase. On the other hand, net transfers increased by 5.8% and mini transfers increased by 10.8%.

Diesel continues to be the engine of choice in the Italian used car market. According to the UNRAE report, the market share is 47.2%, although lower compared to January 2022 (49.8%). Gasoline models also performed well with a share of 40.7% (39.7% in 2022). LPG, which lags far behind, is in third place with a market share of 4.4% (4.3% in 2022). This is followed by hybrids at 4.2% and methane at 2.5%. 0.4% market share for both plug-in and electric models.

In Italy used car market report for January 2023. increase in the share of net gears for vehicles older than 10 years which reached 52.4% (51% in 2022). The share of cars aged 6 to 10 years increased to 15.2%. Market share 11.9% for vehicles 4 to 6 years old. The share of 0-1 year old vehicles is declining to 4.8% (6.3% in 2022), primarily due to declining km0 availability. 11.6% for vehicles aged 2 to 6 years.

However, as regards the contracting parties, exchanges between individuals/companies they grow to 58.2% of all ownership changes (50.6% in 2022) mainly due to the lower availability of cars in retail chains. Instead, the share from the operator to the end user fell to 38.6%. Those coming from rentals are growing (only by 0.9%), while those from Km0 are losing 0.8 points (by 2.3%).

The January 2023 UNRAE report also reflects trends in the used car market. at the level of Italian regions. There appears to have been a fairly general recovery. 34.7% of the share of the transfer of ownership falls on the first three regions, namely Lombardy, Lazio and Campania.