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Used car market sees 50 thousand more vehicles so far this year
Prague 10 July 2018 – The number of used cars on the market grew strongly during the first half of this year, with almost half a million offered for sale. The most frequent average asking price 134 000 crowns, with 164 277 km being the most common average mileage. Diesel is more popular so far this year, and the most popular vehicles were Škoda and VW. These facts emerged from an analysis conducted by AAA AUTO, which continuously monitors the used car market all over Central Europe.
In comparison with the first half of 2017, customers had almost 50 000 more used cars to choose from this year, with a total of 490 068 advertised. During the last six months, the greatest number of used cars were offered for sale in Prague (121 780), 13 800 more than last year. The region offering the fewest used cars for sale was Karlovy Vary (12 751). Vehicles were most frequently advertised for 134 000 crowns, i.e. 4 100 CZK more than a year ago. This is also only 1 000 crowns less than in June last year, when they were most commonly advertised for 135 000. “It is natural for all goods and commodities to increase in price, especially when the economy is growing and people’s incomes are rising, as is the case now. However, used car prices are increasing only very slightly and so this is still the ideal time to buy. Purchases continue to be supported by highly favourable loan terms, which enable consumers to buy ever-better cars with less mileage” says Karolína Topolová, Director General of the international network of AAA AUTO car dealerships, part of the AURES Holdings group, in relation to the positive trend in used car prices in the first half of 2018 .
The average age of vehicles advertised increased only very slightly, from 9.4 years last year to 9.6 this year. The exact point of reference for the ages of vehicles on sale is this June. In the sixth month of this year, the cars most often advertised by used car dealers and private advertisers were 9.5 years old on average. There were slightly more diesel cars on offer (50.7 %), totalling 250 000. The number of kilometres on the clock fell by 2 000 compared to last year, to 164 000.
The rankings for the ten most advertised cars in the first half of this year were dominated by Škoda’s Octavia and Fabia. Holding on to third and fourth place are the Volkswagen Passat and Volkswagen Golf. Switching over in 5th and 6th place are the Ford Focus and Škoda Superb, which has fared better this year. The BMW 3 and Ford Mondeo continue to hold seventh and eighth place from last year. Although the Renault Megane ranked ninth last year, its place was taken by the BMW 5 series this year. The Ford Transit came in tenth in 2017, which was a great surprise. This year it was replaced by the Rapid, which is now the fourth Škoda vehicle in the TOP 10.
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Top 10 most advertised used cars in the 1st half of 2018 |
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Ranking
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Model
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No. of vehicles
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Ranking
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Make/model
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No. of vehicles
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1.
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Škoda Octavia
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49 497
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6.
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Ford Focus
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11 220
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2.
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Škoda Fabia
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34 629
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7.
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BMW 3
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10 631
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3.
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Volkswagen Passat
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15 746
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8.
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Ford Mondeo
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8 014
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4.
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Volkswagen Golf
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14 695
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9.
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BMW 5
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6 954
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5.
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Škoda Superb
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11 964
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10.
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Škoda Rapid
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6 298
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The network of AAA AUTO used car dealerships has been active on the market for 26 years now. It includes more than 40 branches in the Czech Republic, Slovakia, Poland and Hungary. It is part of the AURES Holdings group, the majority owner of which is the British-Polish Abris Capital Partners investment fund. The company has served more than 2 million customers since it was established. In 2017 it sold 75 400 vehicles, making it one of the biggest used car dealers in Central and Eastern Europe in terms of the number of vehicles traded. It also offers nearly new cars under the relaunched Mototechna brand. The company is regularly included in the CZECH TOP 100 and Czech 100 Best rankings. In 2017 and 2018 it also received the prestigious Superbrands award and came 2nd in the Europewide European Business Awards 2016/2017 competition. AAA AUTO and Mototechna are the official partners of the top Czech football competition – the FORTUNA League.
