09.08.2023
Used: vehicles +5.3%, cars +7.5% and motorbikes +0.4%. Radiation: vehicles -0.3%, cars -0.6% and motorcycles +5.8%
The July 2023 issue of “Auto-Trend” is online, the monthly bulletin with the statistical analysis on the market trend for new and used vehicles, created by the Automobile Club of Italy on data from the Public Automobile Register. Below are some of the most interesting data contained in the new issue.
CHANGES OF OWNERSHIP: VEHICLES +5.3% – CARS +7.5% – MOTORCYCLES +0.4%
Compared to July 2022, in July 2023 the transfers of car ownership without mini-transfers (temporary transfers in the name of the dealer pending resale to the end customer) grew by 7.5%. Growth that rises to 9.5% for transfers gross of mini-transfers: 414,263 formalities against 378,283 in July 2022. This is thanks to a 12.5% increase in mini-transfers: 170,306 mini-transfers compared to 151,417 in July 2022. Slight increase (+0.4%) for motorcycle transfers net of mini-transfers: 62,536 files against 62,266 in July 2022. Vehicles in general – again net of mini-transfers – recorded an increase of 5.3% compared to July 2022. With regard to the absolute global numerical volumes, it is found that the transfers of ownership, purged of the distorting effect of the mini-transfers, were 243,957 for cars only and 343,737 for all vehicles (in July 2022 they had been, respectively, 226,866 and 326,296). In July 2023, for every 100 new cars, 204 used ones were sold (net sales were double the first registrations): 178, on average, in the first seven months of the year. The January-July 2023 period closed with increases of 6.7% for cars and 4.6% for all vehicles, against a contraction of 2.7% for motorcycles.
RADIATION: -0.6%. FOR EACH 100 NEW CARS, 71 HAVE BEEN SHIPPED
Slight decrease in car demolitions (-0.6%), essentially due to the decrease in exports, given that demolitions recorded a 1.7% growth: 85,470 files against 86,011 in July 2022. The unit rate replacement was 0.71 (for every 100 new cars, i.e. 71 were decommissioned) and 0.61 in the first seven months of the year. Motorcycle radiation increased by 5.8%: 11,379 motorcycles disbarred against 10,754 in July 2022. Slight decrease (-0.3%), instead for vehicles in general: 105,365 radiations compared to 105,719 in July last year. In the first seven months of 2023, decreases of 8.9% for passenger cars and 8% for all vehicles were recorded, despite a 1.4% growth in motorcycles.