High demand and lack of inventory trigger second-hand electricity price

Pedro Lamazares

6:22 PM • Jul 20, 2022

updated to 6:25 PM • Jul 20, 2022

The escalation of the precio of the fuels and the próxima entrada en vigor antes de que acabe el año de las Zones de Bajas Emissions (ZBE) en los españoles municipios de más de 50.000 habitants está haciendo que cada vez más conductores se interesen por el coche eléctrico second hand. This is demonstrated by the significant increase in sales that this market recorded between January and June 2022, with a total of 6,328 cars sold, 44% more than the same period of the previous year, according to the ElectricarVO report. prepared by cars. net and the vehicle sales association GANVAM. An increase in demand which, added to the lack of stock, has also triggered the average offer price of these vehicles, which now stands at 34,326 euros, or 31.5% more than in June 2021.


Sales of used electric vehicles reached 6,328 units through June, 44.6% more than the same period of 2021. If we analyze this data by age group, electric models less than a year old were the best sellers, monopolizing 43.2% of sales. total. However, those who have recorded the most notable increase in their sales are those between 1 and 3 years old, which have increased by more than 62% and now represent a third of the market. Indeed, if we put the two segments together, we see that second-hand electric buyers mainly opt for very young vehicles: three-quarters (75%) of all electric vehicles sold between January and June 2022 had less 3 years old.


Another data that shows that the second-hand electric vehicle is gaining interest among the public is the strong increase in online demand that this segment has recorded on coche.net during the first half of the year. A trend that also coincides with the current context of rising fuel prices.

In concrete terms, at the end of the first half of the year, demand for this type of vehicle doubled -compared to the first half of 2021- at cars.net. An increase that in the month of June was particularly striking, registering a demand three times higher than in June of the previous year.

For Ganvam and coche.net, the rise in the price of fuel, which has seen historic increases since last year, is helping to fuel interest in the electric vehicle which, although it is not yet a majority mobility option , nevertheless finds a more affordable purchase price on the second-hand market. If we add to this circumstance the implementation this year of low emission zones in all municipalities with more than 50,000 inhabitants, it is not surprising that demand has doubled.


This growing demand for used electric vehicles coincides with a decrease in supply due to delays in the manufacture and delivery of new cars, which also has consequences for the entire used car market in general. . With a drop of 22%, the reduction in the supply of electric vehicles is particularly relevant in the case of less than one year old, which in the first half of 2022 fell by up to 70%.

These tensions explain why the average bid price of used electric vehicles continues to rise. With an increase of 31.5% in June compared to the same month of the previous year, the average offer price of used electric cars increased twice as much as that of diesel and gasoline, which with an increase of 16% and 17% respectively, also recorded a significant rise.

The difference in the average offer price of battery-powered vehicles is particularly significant between the autonomous communities. In the Canary Islands, the region with the highest price offer in Spain, it exceeds 41,000 euros (41,669 euros), compared to La Rioja, the cheapest community, in which the price of electric vehicles used is halved, standing at 20,493 euros. Catalonia (34,472 euros) and Madrid (34,119 euros) are in the middle of the table, while Cantabria (37,827), Madrid and the Canary Islands are the communities that recorded in June a greater increase in the price of average offer compared to June of last year. , i.e. 57.1%, 45.3% and 41.4% respectively.


By model, the Renault Zoe leads the best-selling second-hand electric sales through June with a market share of 14.9%. It is followed by the Smart Fortwo and the BMW i3, which account for 10.1% and 7.1% respectively of used electric sales so far this year.

In terms of supply, the Smart Forfour leads the ranking with the largest number of ads on coche.net, ahead of the BMW i3, the Renault Zoe, the Smart Fortwo and the Nissan Leaf. In the top 10 of the most popular used electric cars, there are also two models from the American manufacturer Tesla, with the Model S in sixth position and the Model 3 closing the ranking with tenth position.

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