Market: All-time high for used car sales
In the second quarter, sales of new and used cars in Switzerland and the Principality of Liechtenstein remained at a high level, as in the previous quarter, but without any significant growth impetus. The majority of sales as at June 30, 2016 are perceived as satisfactory. The development in figures: 158,037 newly registered vehicles (-3761 passenger cars) are [...]
The development in figures: 158,037 newly registered vehicles (-3,761 cars) is a respectable result in view of the previous year, which was characterized by extraordinary events. The used car market developed more positively: the 441,264 registered changes of ownership represent a new all-time high (+15,272 cars), which is not surprising given the historically low price level. The latter is the result of the sharp fall in new car prices and the oversupply. It therefore comes as no surprise that the average time a used car has been for sale has increased by five days compared to the previous year, bringing the total to 99 days. Despite the negative overall market, demand for alternatively powered passenger cars has risen again, although only vehicles with petrol hybrid engines (+19.1%) and purely electric vehicles (-0.2%) are of practical market relevance. Further information can be found on the Internet. An overview of the top 10 brands in the new and used car market (CH + FL) can be viewed here.
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