Used Cars Czech Republic: Falling Prices & New Brands

by Archynetys Economy Desk

Interest in used cars is growing. The number of used cars sold on the Czech market in September increased by 1.5 %year -on -year, in absolute numbers by 1,047 units. It was also the strongest September in the history of the used car market in the Czech Republic, the new owner found 71,016 cars (last year there were 69 969, last year 69 239 and three years ago, in 2022, even 6,500 less).

Compared to the record this August, however, the number of cars sold fell by 2.3 %, ie by 1,643 units. This stems from the analysis of Aures Holdings, operators of the international network AAA AUTO and MOTOTECHNA.

Used cars cheaper but still more expensive than last year

“Record August sales indicated that the strongest sales season started every year because people simply need to change cars. It is logical that after the initial boom they are stabilizing. The three -hundred thousand border, ”says Aures Holdings CEO Petr Vaněček.

Nevertheless, prices are still slightly higher than last year and, for example, compared to the September 2024, the average used car is 8 %higher. Moreover, it does not seem that prices should fall more, as the prices of new cars are still rising mainly due to the end of the production of cheaper cars with non -synbrid combustion engines. The advent of electric vehicles also affects the used car market.

Among the used cars sold, diesels with a share of 50.4 %led, but their share decreases for a long time (last year was 53 %). Diesels are not in many modern cars at all. They also strengthen electric vehicles, which were sold in September 1,264 and already have a 1.8% market share. At the same time, a year ago they were about a one percent share. Full-hybrids and plug-in hybrids are two percent of the market.

The Chinese are also pulling between used cars

There is also growing interest in cars produced in China. There may be several reasons, whether it’s an interesting price or just a desire to try something else. “We are starting to sell brands that have not been in the Czech Republic yet. Thus, interested parties can get to unconventional, interesting and otherwise inaccessible cars,” says Eldar Vagabov, director of AURES Holdings innovations.

It also adds some interesting figures: “We have sold 451 Chinese brands for three quarters of this year, more than twice as much as the whole year. Mg cars, but other brands are growing rapidly, ”he sums up.

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