Secondhand car market has shrunk only in the Siberian Federal District during the first quarter

Secondhand car market has shrunk only in the Siberian Federal District during the first quarter

Autostat – Analytical agency Autostat has conducted a survey of Russian secondhand passenger car market for the first quarter of 2016, covering the country’s federal districts. According to the results, negative market dynamics has only been observed in the Siberian Federal District, where the secondhand market shrank by 1.6% by the end of the three months period (to 159,800 vehicles).

The market has risen in the other federal districts. The highest increase has been observed in Privolzhsky Federal District, where the second hand car sales rose by 10% during the aforementioned period (to 204,600 vehicles). A similar upward trend was recorded in the North-West Federal District (+9.8%, 107,400). 101,600 second-hand cars have been sold in the Ural District during the same period, which is equivalent to an 8.2% increase. The market has also grown in the Far-East District, by 7.2% (63,900). Meanwhile, the highest volume has been reached in the Central Federal District (290,400), indicating a 7% increase. It should also be noted that the pre-owned car market has risen in the Southern (115,100 vehicles) and North Caucasian (73,200) regions as well during the first quarter, by 4.6% and 4.2% respectively.