Almost, 6 million used vehicles were sold in France in 2021. This is a record for a market that is doing better than in the pre-Covid period. The reasons are many: supply difficulties in new, new cars more and more expensive, second-hand vehicles are cheaper to insure…
Almost 6 million used vehicles were sold in France in 2021
The results are very positive for the used car market in France in 2021. For this year still marked by the Covid-19 crisis, sales in the second-hand market increased by 8.2% compared to 2020, for a total of 5.966 million registrations, according to data from the Autoscout24 platform. Recall that in 2020, the market had fallen by 4.5% compared to the previous year, the pre-Covid year. Thus, more used vehicles were sold in 2021 than in 2019.
This balance sheet diverges with that of new buildings, which rose only 0.5% compared to 2020, a year already very affected by the crisis. In 2021, 3.6 used cars were sold for every new vehicle. This ratio was 3.34 in 2020 and 2.19 in 2019. The difference is therefore significant. In addition, around half of second-hand sales were between individuals, generally through classifieds sites such as Aramisauto, Le Bon Coin, La Centrale…
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Second-hand prices are sometimes very close to new prices.
If the second-hand market has been so dynamic, it is also because of the difficulties experienced in new construction. More factors put a spoke in the wheels of the new car: the shortage of semiconductorswhich has forced many manufacturers to reduce their annual production, delivery delays, constantly rising prices for new…
But in fact, the demand increases drastically in the occasion. Therefore, prices go up. Average prices increased by 13% over one year, while stocks fell by a third. The tension is therefore very present on this market. So much so that on some models like the Dacia Sandero or the Toyota Yaris, the prices for new and used are familiar.
How to properly insure a used car?
Another argument in favor of the used car: the generally lower price of insurance. In fact, a used vehicle with less value will cost you less to insure, because it represents a lower loss cost for the insurer. Let’s also not forget that a second-hand vehicle purchased in France will not be penalized by the ecological malusa measure that can sometimes be very expensive.
It must of course be remembered that, just like a new car, insuring a used vehicle is compulsory, at least for auto civil liability. This guarantee is included in all auto insurance formulas and in particular in the minimum mandatory formula: thethird party insurance. For better coverage, you can opt for intermediate or “third party +” insurance, which most often includes fire, glass breakage and theft guarantees. Finally, you can opt for all-risk insurance, the most complete formula, which will cover you best, but also the most expensive.
To find a car insurance contract corresponding to your profile, your vehicle and your budget, do not hesitate to use our car insurance comparator. In a few minutes and by providing some information, you can obtain a list of quotes online and subscribe very quickly! The service is of course free and without obligation.
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