ACI: plus sign also in October for the second-hand market, yet another slowdown in radiation is worrying
06.11.2023
Yet another positive outcome in October for the Italian second-hand vehicle market. Changes in ownership of four-wheelers net of mini-transfers (temporary transfers in the name of the dealer pending resale to the end customer) recorded an increase of 10.3% compared to October 2022, which however fell to 5.2% in terms of daily average, due to the presence of an extra working day. For every 100 new cars, 197 used ones were sold (i.e. almost double the first registrations) in October and 184 in the first ten months of the year.
As far as engines are concerned, on the used market it is always traditional fuel systems (diesel and petrol) that occupy the top of the ranking. However, sales of second-hand petrol hybrid cars are constantly growing, with a monthly increase of 71%, reaching a market share of 5.3%. On the contrary, the market for second-hand electric cars has not taken off, stalling in October at a share of 0.7%. In the mini-car segment, the primacy of diesel is once again confirmed (48.7% share in October, albeit down compared to the 51.8% recorded in the same month of 2022), while the incidence of petrol hybrids rises ‘8.4%, once again exceeding LPG fuelling, which stood at 7.4%.
Monthly increase also for transfers of ownership of motorcycles which, again net of mini-transfers, closed the October balance sheet with an increase of 12.1% compared to the same month in 2022 (+7% daily average).
In the first ten months of 2023 compared to the same period of 2022, net ownership transfers recorded increases of 7% for cars and 5.2% for all vehicles, compared to a contraction of 0.2% for motorcycles .
The data is reported in the latest monthly bulletin “Auto-Trend”, the statistical analysis carried out by the Automobile Club of Italy on PRA data, which can be consulted on the website www.aci.it.
The growth of the Italian fleet shows no signs of slowing down and the umpteenth slowdown in radiation recorded in October worsens an already rather worrying picture. Car write-offs recorded a decrease of 1.5% compared to October 2022 (-6% daily average), determined above all by a significant decrease in scrapping (-6.4% on a monthly level). The unit replacement rate is equal to 0.62 (for every 100 new cars, 62 were written off) both in October and in the first ten months of the year. Only motorcycle radiation is in positive territory, showing a monthly increase of 8% in October, which however drops to 3.1% in terms of the daily average due to the presence of an extra working day.
From January to October 2023, compared to the same period in 2022, radiation recorded decreases of 7.4% for cars and 6.8% for all vehicles, with an increase of 0.7% for motorcycles.
Read the tables (pdf, 377 Kb)