ACI: double-digit growth for used cars in February +55.9% the monthly balance of car radiation
06.03.2024
The positive season continues for the second-hand market which recorded double-digit increases in February, also due to the extra working day for the leap year. Changes in ownership of cars net of mini-transfers (temporary transfers in the name of the dealer pending resale to the end customer) recorded an increase of 15.6% compared to the month of February 2023 (+10.1% in terms of average daily), confirming once again how the used market continues to attract greater support than the new market: for every 100 new cars in February, 185 second-hand ones were sold, which rose overall to 193 in the first two months of the year.
Net passages of motorcycles were also growing, resulting in an increase of 14.3% compared to the month of February 2023 (+8.8% in terms of daily average).
As regards food, consumer preferences, for the umpteenth time, have fallen on traditional fuels (diesel and petrol); however, the share of second-hand petrol hybrid cars stands at 6.3%, showing an increase of 72.4%. Sales of electric cars are still at a standstill, although they are growing by 71.2%, they still do not exceed the 0.6% share.
In the mini-transfers, diesel fuels confirmed their first place (49.7% share in February, down compared to the same month in 2023, when it was 53%). The incidence of hybrid petrol fueling is instead at 7.9%, once again exceeding that of LPG fueling which stands at 7.5%. Finally, it is worth highlighting the increase in mini-transfers of diesel hybrid cars (+60.5%), the share of which however still remains below 2%.
In the first two months of 2024 compared to the same period of 2023, net transfers show increases of 14.1% for cars, 11.4% for motorcycles and 13.2% for all vehicles.
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.
Strong leap in February for radiation, which in the four-wheel sector achieved a striking +55.9% compared to the month of February 2023 (+48.4% in terms of daily average). Result determined in particular by scrapping (+22.3%), exports (+29.3%) and almost 29,000 office cancellations activated by the Lombardy Region. The unit replacement rate in February was equal to 0.90 (for every 100 new cars 90 were deregistered) and 0.81 in the first two months of the year.
Monthly increase also for motorcycle radiation which closed the February budget with a positive variation of 41.5% compared to the same month of 2023 (+34.7% in terms of daily average), on which it also weighed in this case the official cancellation of over 3,000 motorcycles carried out by the Lombardy Region.
Overall in the first two months of 2024 compared to the same period of 2023, radiation recorded increases of 34.4% for cars, 23.5% for motorcycles and 35.4% for all vehicles.
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