The second-hand market grows by 4.4% thanks to the increase in pre-owned

However, the month of November recorded a slight decline, with a total of 187,208 units sold, or 2.2% less than the same month of the previous year.

This decline is mainly attributed to the decline in operations of rental companies, which saw a decline of almost 11%. Despite this, the ratio of used vehicles to new vehicles remained stable at 1.9 during the month.

Occasion

Market growth is largely driven by younger vehicles. Used car sales up to five years have accumulated an increase of 6% and already represent almost 26% of total operations, which is equivalent to one in four passenger cars sold belonging to this age group.

At the opposite extreme, models older than a decade, although only growing at 4%, continue to dominate the market, accounting for an overwhelming 57.2% of the total. The average age of used vehicles sold in Spain is 11 years, exceeding 15 years in transactions carried out between individuals. This high aging highlights the difficulties of part of the population in accessing more efficient mobility solutions.

In this context, the electrified used vehicle segment is experiencing double-digit growth. Sales of pure electric vehicles (BEV) jumped 52.6% through November, reaching a volume of 26,313 units, while plug-in hybrids (PHEV) increased 41.4%, with 39,549 units sold in the year to date.

GANVAM and Faconauto defend it the incorporation of second-hand models in incentive programs is crucial to ensure efficient and inclusive mobility.

These organizations maintain that the second-hand market, driven byyoung models and the rapid adoption of electrification, constitutes a fundamental lever for the renewal of the vehicle fleet and greater accessibility.