November 2023 positive for the used car market in Italy. According to the latest data provided by Aci, I Four wheel ownership transfer minus mini gears (i.e. temporary transfer in the name of the dealer pending resale to the final buyer) were 9.1% more compared to the same month in 2022. We are talking about exactly 256,303 changes in ownership, compared to 234,868 last year.
Thus, for every 100 new cars, 183 used cars were sold in November and 184 in the first eleven months of the year. Higher growth in car transfers including mini transfers, +11.7%, with 466,454 formalities compared to 417,539 in November 2022, thanks to an increase in mini transfers, +15% and 210,151 mini transfers compared to 182 671 in November 2022. -November 2023 ended with an increase in car prices by 7.2%.
There are good things on the used market cars with petrol and diesel engines. Instead, the share of hybrids was 5.6% in November, up 66.1%, while the share of electric vehicles, despite rising 72.9%, is still just 0.7%.
Concerning mini-evolutionsWe find diesel in first place (share of 47.6% in November, down from 51.4% in the same month of 2022), while the market share of hybrids rises to 9.4%, confirming the overtaking of cars powered by liquefied petroleum gas and amounted to 6.9. %.
I say instead radiationThe unit replacement rate was 0.59 (59 scrapped for every 100 new vehicles), slightly less than the average for the first eleven months of the year of 62.
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.