
With 462,210 ownership transfers, the used car market demonstrated remarkable stability in November 2024, recording only a slight 0.3% decrease compared to the same month last year. Net transfers dropped by 0.1%, while minivoltures saw a 0.5% decline. Despite these fluctuations, the first eleven months of the year showed an overall growth of 7.2% compared to 2023.
Powertrains: diesel losing ground
Diesel cars continue to dominate but are losing share, dropping to 42.8% in November from 45.1% in the first ten months of 2024. Gasoline also saw a slight decline, standing at 39.1% for the month and 38.7% cumulatively. Hybrid vehicles showed modest growth, reaching 8.9% for the month, while LPG and methane remained stable at 4.9% and 2.1%, respectively. Electric and plug-in hybrid vehicles are gaining traction, rising to 0.9% and 1.2% of the market.
Transfers by contractors: private transactions on the rise
Transactions between private individuals and companies remain the most common, increasing by 0.2% to represent 56.7% of all transfers in November. Conversely, operator-to-customer transfers decreased to 38.6%. Slight growth was observed in transfers from self-registrations, while rental-related transactions declined.
Leading regions: Lombardy at the top
Among Italian regions, Lombardy leads the used car market with a 16.1% share, followed by Lazio at 9.5% and Campania at 9.3%. These regions represent the most active markets for net transfers.
Vehicle age: spotlight on younger cars
In November, cars over 10 years old accounted for 47.4% of transfers, down from 48.4% in previous months. In contrast, cars under four years old increased their share to 23.3%, reflecting growing interest in newer vehicles.
Minivoltures: hybrids on the rise
The minivoltures segment shows similar trends, with diesel maintaining its lead despite dropping to 44.1%. Gasoline cars accounted for 32.4%, while hybrids reached 13.5%, highlighting significant growth. Electric and plug-in hybrids also recorded progress.
Conclusion
Despite minor declines, the used car market continues to show resilience, with growth in specific segments like newer vehicles and alternative powertrains. These trends could shape consumer choices in the coming months.
Have you recently bought or sold a used car? Share your experience in the comment section below!