Best Older Used Cars – Image via cithosting.com
Best Older Used Cars – The new figures provide an interesting insight into what is happening in the used vehicle market.
It seems that the number of transactions has fallen 5pc so far this year, but the percentage of people who see electric cars and hybrid cars online has increased substantially.
According to the review of the new DoneDeal.ie motorcycle industry for the first half of this year, nearly half a million used cars (483,152) have changed hands so far.
We often lose how many older cars are traded each year.
We tend to focus on selling new cars as a reflection of economic activity.
However, in terms of transaction volume, they are relatively small compared to their former counterparts.
The survey also claims Skoda Octavia is the best car on the market as far as maintaining its value.
It further claims that the Volkswagen brand is the most sought after.
As part of the report, the company performed a depreciation analysis.
Thus, he identifies what is claimed to be the five best brands and models to maintain value from the new one (the car was first purchased in 2014/15).
Octavia averaged 31 pc depreciation – very good results.
It was followed by Volkswagen Golf (32pc).
Slightly further back but still in the top five are Nissan Qashqai (40pc), Volkswagen Passat (46pc) and Ford Focus (49pc).
The survey found that there had been a 58 percent increase in the advertising of electric vehicles in the first six months of 2018.
At the same time, hybrid listings increased 65%.
Gasoline dropped 17pc but diesel rose 11pc (to 215,937).
The report said: “The search for electric cars has also skyrocketed, with more than a million in the first six months of 2018, compared with 350,000 for the same period last year – a 223pc increase.”
A total of 48,166 Volkswagen changed hands in the used car market for the first six months.
The figure was followed by Toyota (41,412), Ford (40,018), Nissan (23,954) and Audi (20,173).
Also, in a survey of more than 1,000 people who thought of buying a car, 57pc said they were interested in vehicles four years or more.
Significantly, only 13% of those surveyed said they were in the market for a new motorbike.
Diesels are very popular (63pc).
Gasoline vehicles are less (24pc), and the rest is divided between hybrid and electric transmissions.