What's new
Used car market sees low April prices continue into May
Number of used cars advertised rises along with the affordable prices, and the number of diesel cars imported from abroad also rises
Prague 6 June 2018 – Used car prices stagnated in May after registering a slight fall in April. Potential used car buyers saw an affordable average market price of CZK 135,000. The unusually warm weather in May brought a greater number of cars to market, along with the low prices, and the number of imported cars with diesel engines also rose compared to the beginning of the year. This was just some of the data provided by AAA AUTO, which constantly monitors the used car market across Central Europe.
The unusually warm weather in May continued the trends of the previous month so that used car buyers could choose not only from a selection of cheaper cars, but also from a greater number of cars. Compared to April, there were 10,000 more used cars offered for sale in this country, giving a total of 118,000. The number of imported cars with diesel engines also increased. This segment made up 41% of the cars offered in January, but 45.1% in May. “Even though the number of diesel cars offered (which are mostly imported) is growing, demand for petrol engines is growing at a higher rate at our dealerships. In this regard, Czech customers are consistent, particularly in relation to the increasingly stricter environmental standards in Europe,“ explained Karolína Topolová, Managing Director of the international AAA AUTO car dealership network, which is a member of the AURES Holdings group.
The vehicles offered in May averaged 159,000 km on the clock and an age of 9.7 years. These two values remained unchanged from April, along with the price of the used cars. The chart of best-selling models was again lead by the Škoda Octavia in first place and the Škoda Fabia in second place, followed by the Volkswagen Passat, the Golf and the Škoda Superb. The approaching summer and the warm holiday weather led to the only changes in the TOP 10, specifically in relation to the 10th place, which was occupied by the spacious Volkswagen Touran in May. “MPV Vehicles are increasingly chosen by families, because they have more seats and more storage space, which is welcome, and not only during the holidays,“ Topolová added.
|
Chart of Top 10 most frequently advertised used cars in May 2018 |
|||||
|
No.
|
Model
|
Quantity
|
No.
|
Marque/model
|
Quantity
|
|
1.
|
Škoda Octavia
|
11,886
|
6.
|
Ford Focus
|
2,738
|
|
2.
|
Škoda Fabia |
8,503
|
7.
|
BMW 3
|
2,493
|
|
3.
|
Volkswagen Passat
|
3,888
|
8.
|
Ford Mondeo
|
1,903
|
|
4.
|
Volkswagen Golf |
3,638
|
9.
|
BMW 5
|
1,548
|
|
5.
|
Škoda Superb
|
2,921
|
10.
|
Volkswagen Touran
|
1,461
|
|
|
The AAA AUTO used car dealership network has been active on the market for 26 years. It includes over 40 branches in the Czech Republic, Slovakia, Poland and Hungary. It is a member of the AURES Holdings group, which is owned by the British-Polish Abris Capital Partners Fund as the majority stakeholder. The company has served over 2 million customers since it was first established. In 2017, it sold 75,400 vehicles and is therefore one of the biggest used car dealers in Central and East Europe in terms of the number of vehicles sold. It also offers nearly new cars under the revived Mototechna brand. The company regularly features in the CZECH TOP 100 and the Czech 100 best charts. It also won the prestigious Superbrands award in 2017 and 2018 and came 2nd in the Europe-wide Business Awards 2016/2017 competition. The AAA AUTO and Mototechna brands are the official partners to the premier grouping in Czech football – the HET league.
