Used car market fell by a third in August

According to the preliminary estimation of "AUTOSTAT" agency, obtained as a result of primary data processing, the Russian market volume of used passenger cars was 392 thousand units in August. This is 34% lower than in the same month of 2021. Over a half of the used cars bought in the last summer month belonged to five brands. The leader here is traditionally domestic LADA, the share of which in August is 25% of the total volume of the secondary market. Further, with more than a two-fold lag, the Japanese Toyota (11%) follows. The TOP-5 also includes Korean brands Hyundai (6%), Kia (6%) and Japanese Nissan (5%).

These five brands also demonstrate negative dynamics in the secondary market. Thus, it was bought less by 22% of the used LADA passenger cars in August of 2022 than a year ago. For foreign brands, the decline was even stronger: Toyota - minus 25%, Hyundai - minus 28%, Kia - minus 25%, Nissan - minus 27%. The agency's experts also note that for the first 8 months of this year, residents of the Russian Federation bought approximately 4 million used cars.