Ifema Madrid: The used car steps on the accelerator | Business | EUROtoday

The used car has turn into the king of the highway. The issues in provide chains, which started with the outbreak of the pandemic and worsened with the Russian invasion of Ukraine, prompted a scarcity of latest vehicles as a result of stoppage in manufacturing on the European vegetation of assorted producers. This scenario led to a better demand for used fashions, which has left optimistic figures within the sector final yr: for each new automotive offered in Spain, two second-hand vehicles had been offered.

This market phase has gained power and can present its muscle in a brand new version of the Used Vehicle Show (VO), which will likely be held from June 11 to 16 at Ifema Madrid, with a variety of manufacturers and fashions. “This fair and this market are a real opportunity,” says David Moneo, director of the assembly. “The VO becomes a very attractive option due to the significant economic savings, its rapid availability and its low depreciation,” provides the particular person accountable for the occasion with greater than 3,000 semi-new vehicles from main manufacturers corresponding to Audi, Ford, Hyundai. , Jaguar, Kia, Kngloo, Land Rover, Lexus, Polestar, Renault Renew, Seat, Spoticar, Volkswagen, Volvo, amongst others.

Furthermore, Moneo highlights, an occasion like this brings collectively an entire vary of autos that’s complemented by numerous financing choices and extra ensures. “During the Used Vehicle Show, dealers take the opportunity to offer special promotions, discounts and unique conditions that are not available during the rest of the year,” he emphasizes. The assembly will give a better enhance to this enterprise, which within the nation grew by 2.6% in comparison with final yr, reaching greater than 1.9 million models offered, in comparison with solely the 949,359 new ones that had been distributed within the territory. nationwide.

“At the Used Vehicle Show, the public will fundamentally find pre-owned cars, which have little time of use and low mileage, less than five years old,” explains Moneo. Among these are seller administration vehicles, demonstration autos or zero kilometer models, which have been registered by the seller however have virtually not been used. Likewise, there will likely be firm fleets, leasing or renting vehicles. “There will also be units with more years and mileage, which will have unbeatable prices,” harassed the Ifema Madrid consultant.

The supply is complemented by recommendation from specialists within the sector who can information guests all through the buying course of, providing recommendation and answering questions concerning the situation of the autos. One of the brand new options of this version would be the vary of hybrid and electrical autos. “We want to surpass the figure of the previous Show held in 2023, since the market is behaving with greater dynamism, so we expect more than 25,000 buyers to gather at Ifema Madrid,” emphasizes Moneo.

Likewise, throughout this version an area will likely be opened to the motorhome and camper market, a phase of models which have had vital demand lately. The supply comes from Autocaravanas Norte, which incorporates manufacturers corresponding to Benimar, Mclouis, Mobilvetta, Challenger, Caravelair and Panama. With this dealership, the general public will be capable to uncover the newest developments on this planet of caravanning, a phase that focuses on prospects between 35 and 65 years outdated, who’re in search of utility autos with a mean worth between 45,000 euros and 55,000 euros. .

“The target audience of the Hall is broad. On the one hand, we have private buyers, both individually and families,” particulars Moneo. On the opposite hand, there are younger drivers who’ve lately entered the market who wish to get their first car. Added to all of them are small and medium-sized companies and the self-employed who require vehicles for industrial operations, mild autos and small fleets. There are additionally four-wheel lovers. “That group of people who are attracted to the world of motors and are interested in super-luxury or sports vehicles that they can find at this Show at a better price,” feedback the particular person accountable for the occasion.

Representation

The different nice singularity is that virtually all of the manufacturers will likely be current, recovering the extent of the pre-pandemic VO Shows, emphasizes the director of Ifema Madrid. “There will be a high representation of premium brands such as Lexus, Audi, Polestar, Volvo, Land Rover, and Jaguar. All of them will offer vehicles with diesel and gasoline engines, and especially electric, hybrid and plug-in hybrid vehicles, already with a significant offer in the pre-owned segment.”

Raúl Morales, communication director of Faconauto, signifies that used autos as much as 5 years outdated are driving gross sales, displaying excessive demand on this age vary. On the opposite hand, 60% of the transactions correspond to fashions which are greater than ten years outdated. “This duality in the market suggests that, while some buyers are looking for relatively new vehicles, there is a significant segment that prefers or is forced to opt for much older vehicles,” he clarifies. This impact exhibits that the second-hand market has recovered its cruising velocity and has returned to its common construction, with notable dynamism at each ends of the age spectrum of the models, explains the union consultant.

According to the knowledgeable, present macroeconomic situations, corresponding to excessive rates of interest or inflation, are pushing shoppers to noticeably think about the second-hand market, since this sector affords reasonably priced options. “The second-hand vehicle is once again the first mobility option for many Spaniards, mainly because it is once again competitive in price with respect to the new vehicle,” he says. In that sense, he needs this new version of the Used Vehicle Show to turn into a novel platform for related sellers to point out their wide selection of high-quality used vehicles.

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