Second-hand car market has grown by 13.1% in March

Second-hand car market has grown by 13.1% in March

Vedomosti – The Russian second-hand car market has grown by 13.1% year-on-year to 437,100 vehicles in March 2016, as published by Autostat. The growth rate in comparison with February 2016 is 18%.

February was the first month with an upward trend in Russian second-hand car market, since the end of 2014 (+10.9% year-on-year). Despite the 6.8% decline in January, the number of second-hand vehicles registered in the country has grown by 6.1% by the end of the first quarter of 2016, in comparison with the same period of 2015, as stated by Autostat. Quarterly shrinkage has only been observed in Russian brands.

Autostat predicts a 5% shrinkage in second-hand car market for the year.