Otkrytie Auto: in January, Russians spent about 348 billion rubles for used cars

Experts from Otkrytie Auto (auto business unit of Otkrytie Bank) and AUTOSTAT agency conducted a joint study of the Russian used car market and determined its financial capacity* in January 2023. According to the results of the study, in the first month of the year, the inhabitants of our country spent 347 billion rubles for the purchase of used cars, which is 29% more than in January 2022 (268.7 billion rubles). At the same time, 361.1 thousand used cars were purchased during the month - 7% more in January 2022 (337.6 thousand units). The share of younger cars is growing in the financial capacity of the secondary market. Thus, a total of 225 billion rubles were spent for cars under 10 years old in January, which is 65% of the total amount of money.

If we compare this figure with the level of a year ago (January 2022), then it was 63%. Of this amount, 111.4 billion rubles were spent for cars under the age of 5 years, and 113.6 billion rubles were spent for cars of the 5-9 year category. As for cars aged 10 years and older, Russians spent 122.4 billion rubles for them in January, i.е. 35% of the total amount. Meanwhile, a year ago this category accounted for 37%. Chinese brands show the largest growth in the financial capacity of the used car market. In January of this year, Russians purchased 6.8 thousand used Chinese cars in the amount of 6 billion rubles.

If in pieces "Chinese" added only 9% by January 2022, then in money they demonstrate the best dynamics of all participants in the secondary market (+ 70%). However, their share in both cases remains the lowest - 1.9% and 1.7%, respectively. Among the other brands by country of origin, sales in the "secondary market" of "Europeans" grew the most (+13%). Next in this indicator are "Japanese" (+10%), "Koreans" (+9%) and "Americans" (+2%) brands. But the volume of purchases of domestic used cars in January decreased by 1%.