Second-Hand Car Report: Prices Continue to Rise
The second-hand vehicle market has been experiencing some interesting trends in 2025, with significant changes in sales figures, customer preferences, and market dynamics. In this blog post, we will delve into the key developments that have shaped the second-hand vehicle market in the past year.
One of the most notable trends in 2025 has been the increase in second-hand vehicle sales. In January alone, sales of used cars and commercial vehicles saw a significant uptick, contributing to an overall market growth of 9%. This increase in sales has been accompanied by a decline in the new vehicle market, with zero-kilometer vehicle sales experiencing a 0% decrease compared to the previous year.
Another important trend to note is the changing landscape of credit usage in the second-hand vehicle market. Individual customers have been exploring new financing options, such as promissory note systems and credit cards, leading to more flexible payment plans for vehicle purchases.
Electric vehicles have also been a key player in the second-hand vehicle market, with fluctuating prices and an increase in stock periods. The introduction of new brands and models has led to price fluctuations, with the average stock period for electric vehicles increasing from 60 days in October 2024 to 64 days in January 2025.
The impact of scrap incentives on the market has also been significant, with vehicle owners over the age of 25 carefully evaluating the effect of these incentives on new vehicle purchases. The market share of this segment has seen fluctuations, highlighting the importance of incentives in shaping consumer behaviour.
Overall, the second-hand vehicle market in 2025 has been influenced by consumer demands, economic conditions, and changing trends in the industry. The rise of electric vehicles, changes in credit usage, and the impact of scrap incentives are all key factors driving the transformation of the market. As we move forward, it will be interesting to see how these trends continue to shape the second-hand vehicle market in the coming years.