The used vehicle market exceeds one million units sold in the first half of 2024.

Used car sales in Spain show a remarkable growth of 7.2% compared to the previous year.

The Spanish automotive sector has recorded a significant boost in the first half of 2024, with a total of 1,015,612 used vehicles sold. This data, provided by the National Association of Motor Vehicle Sellers, Repair and Spares (Ganvam) and the Federation of Automotive Dealers Associations (Faconauto), represents an increase of 7.2% compared to the same period of the previous year, thus surpassing one million units sold.

The fleet renewal by rental and leasing companies has been a key factor in this growth. Renters increased their operations with used vehicles by 24.5%, while leasing operators recorded an increase of 19.3%. This strategy has allowed the market to be supplied with a range of young vehicles, highly sought after for their excellent quality-price ratio. In this context, the use of efficient automotive management software becomes crucial to optimize operations in this booming sector.

Nearly new models, those aged between one and three years, have experienced a spectacular increase of 34% until June, reaching 81,100 units sold. This segment has become a true driver of demand, offering buyers nearly new vehicles at more affordable prices. On the other hand, vehicles between 10 and 15 years old experienced a decline of more than 9% until June, totaling 163,762 units sold, which suggests a shift in consumer preferences towards more recent and efficient vehicles.

Raúl Palacios, president of Ganvam, stated: "The good performance of the nearly new vehicle is proving its crucial role as a lever to rejuvenate the Spanish vehicle fleet." Meanwhile, Faconauto pointed out that "this trend reflects the strength of the used market and its ability to adapt to the needs and budgets of Spanish consumers."

In contrast to the decline in sales of new electric and hybrid vehicles, the used market for these models has shown double-digit growth. Sales of second-hand pure electric cars increased by nearly 60%, while used plug-in hybrids grew by 90%. These figures demonstrate the growing interest of consumers in more sustainable options in the used vehicle market.

It is noteworthy that, so far this year, 1.9 used vehicles have been sold for every new vehicle. This ratio reflects the strength of the used market and highlights the importance of having an efficient automotive CRM to manage this growing sales volume and maintain strong relationships with customers in an increasingly dynamic market.