the Used passenger cars became 1.9% more expensive in October At an annual rate in Spain, with an average price of 13,198 euros, again exceeding 13,000 euros, according to data published by National Vehicle Dealers Association (ANCOV).
Between January and October, 1.8 million used passenger cars moved (+4.9%) In Spain at an average cost of 12.999 euros, which means an increase of 1.7% compared to the same period in 2024.
According to price ranges 23.3% of passenger cars were sold during the month48,993 were below €3,000 and 6.1% were above €36,000, almost one point above September.
Regarding the oldest passenger cars – which are more than eight years old – Buyers paid an average of €10,530An increase of 5.1% on an annual basis and 0.1% on a monthly basis compared to September prices. Thus, of the 210,332 passenger cars transported in October, 130,078 were eight years or older, i.e. 62.3% of the total.
Used passenger car prices rose year-on-year in all communities in October, although the largest increases occurred in Navarra (up 8.3% and at an average cost of €12,666) and Cantabria (growth of 7.3% and average value of 12,826 euros).
In absolute terms,The Community of Madrid has the most expensive average price for a used model with an average of €15,130 (+1.6%) In the tenth month of the year, followed by Aragon (+5.8% and price of €13,514), Castilla-La Mancha (same as last year, price of €13,495) and Catalonia (+2.6% and price of €13,186) complete the top five communities.
“Nearly 1 in 5 transferred for less than €3,000.”
In the category of old passenger cars, They rose on average by 5.8% in Spain, and their prices also increased in all 17 communities. The largest increase occurs in Navarra, Balearic Islands and La Rioja, With increases of over 10% compared to twelve months ago and an average cost of over €10,400.
“Second-hand market, cFocusing on models over 8 years old, They become more expensive in October by about 2% due to the strong increase in older vehicles, which are less resistant to declines due to their lower prices. In fact, almost one in five cars were sold for less than €3,000. What reveals Contain new car prices“With demand increasing, although it is still a minority,” said Ancove President Eric Iglesias.
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