Used car market grew by 2% in August

According to the data of the analytical agency AUTOSTAT, the market volume of used cars in Russia reached 501.7 thousand units in August’19, which is 1.7% higher than the previous year.

The domestic brand LADA has almost a quarter of the Russian market of used cars. In the last month of summer, the resale volume of VAZ cars reached 124.4 thousand units - 0.9% lower than in August’18.

Japanese Toyota and Nissan are the next traditionally in the brand ranking, the volume of secondary markets of which reached 54.8 and 27.9 thousand cars, respectively, in the previous month. At the same time, Toyota shows the positive dynamics (+ 0.3%), and Nissan - negative (-0.3%).

Two Korean brands finishes the top 5 - Hyundai (26.5 thousand units; + 7%) and KIA (25.3 thousand units; + 14.2%). Experts of the analytical agency AUTOSTAT note that, by the results of 8 months of 2019, the market of used cars is still in a slight “minus” (-0.1%). Moreover, in January - August, its volume reached almost 3.5 million units.