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“During April, May and June, 99.7 thousand auto transactions: 12.8 percent. Less than a year ago Auto sales were weak in April and early May, but we have already seen clear signs of market recovery in late May and early June. The June data surprised by the abundance of transactions, which showed that those who had postponed this process due to quarantine had also bought cars, “says Matas Buzelis, communication manager for Autoplius.lt.
During the last 3 months, 60.7 thousand used car re-registration operations: only 3.6 percent. less than during the same period in 2019. The import market was slightly affected: the flow of used cars imported from abroad for permanent registration decreased by 12.6% in the second quarter of this year. up to 32.2 thousand. proceedings.
Panoro most luxurious
During the second quarter of 2020, Lithuania registered not only a sudden recovery, but also changes in the priorities of buyers. Although car sales in the 11-15 age group continued to dominate the country, premium segment models were more desirable in the second quarter.
“For the first time, the most popular used car in Lithuania was not the Volkswagen Passat. It was kicked out of first place by the BMW 3-Series. Furthermore, the Passat distinguished itself from the slightly larger BMW 5-Series, third by a modest margin of 55 transactions. The popularity of economy class cars has decreased, but it is likely that these have been short-term changes, “says the manager of communication for Autoplius.lt.
According to him, it is highly likely that even before the registration tax went into effect, drivers rushed to register more powerful, heavy and expensive cars with higher CO2 emissions, and consequently would expect a higher registration fee. high for said model.
Another change observed in the last 3 months was in the distribution of imported cars by type of fuel. According to market expert Matt Buzel, for the first time, the share of diesel cars among all imported used cars in the second quarter did not exceed 70 percent. – automobiles of this type represented 69.7%. total import market or even 3.7 percent. one point less than in the second quarter of 2019.
The second-hand price has risen
According to Autoplius.lt data, the average market price of a used car in April-June 2020 amounted to 4.6 thousand. 320 euros more than in the same period last year. Matas Buzelis states that the indicator was increased by the change in the age distribution of used cars.
“Of all the cars imported into Lithuania, the most popular models in the age group 11 to 15 represent 42.3 percent. Total import markets: almost 3%. Points less than in the second quarter of 2019. Quotas The market share of the 1-5 and 6-10 year groups increased by 2.3 and 0.3 percent, respectively. period, “says Mr. Buzel.
© DELFI / Kotryna Dagenytė
It is true that the expert cannot call the younger market, because so far the most popular group of used cars in Lithuania is between 11 and 15 years old. Age patterns.
“Still, the trends are nice, because this group is small and other groups of newer cars have grown,” said the expert.
In the new car market: one less fat
New car sales were the slowest in April-June. According to M. Buzelis, during this period only 6,8 thousand were registered in Lithuania. new cars M1 and N1 or 55.7 percent. less than a year ago However, a positive change in transactions has also been observed in the dynamics of the new car market.
Excluding re-exports, the number of new car registrations M1 and N1 was 66% in April. less than a year ago In May, the deficit narrowed to 53 percent, and in June, the delay in annual transactions was only a quarter, to 24.5 percent.
“It would be naive to expect new car sales to return to pre-crisis levels later this year, but the progress of transactions recorded in the second quarter really gives optimism.” However, we must not forget that the quarantine has affected not only buyers, but also manufacturers, it will take time for new car transactions to return to the 2019 level, supply may be delayed, “adds Matas Buzelis.
Sales will take time to recover
During the second quarter, new cars were registered in Lithuania for approximately 152 million. EUR – 46 percent. less than a year ago
New car turnover in recent years has been 33 to 40 percent. total turnover of the automotive market. This time, according to Buzel, the new car deals accounted for just a modest 26.4 percent. out of a total of 577 million. Rotation of the euro market. Therefore, the used car sales volume reached the new car sales volume this quarter.
A year ago, in the second quarter of 2019, a total of 708.8 million transactions were made. EUR – 18.5 percent. more than this year
“When it comes to new car deals, it will take much longer to recover.” For example, if we compare the 2008 crisis with this, it took seven years for new car sales to recover. Of course, this crisis is not that deep, but it will take time, “said the expert.
According to him, the reasons for such changes can be several, one of which is the lack of financing. The expert says that there is increasing talk in the market that it is difficult to obtain a lease to buy a car, and that those who work in areas such as tourism, etc., are much more skeptical.
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