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The used market saw a slight increase in December with 51,220 registrations registered, up 7.2% for the full year 2023 to a total of 689,170 units, industry association Traxio reported on Wednesday.
Last year, Volkswagen topped the rankings as the best-selling used car brand, ahead of BMW, Mercedes, Opel and Peugeot. When it comes to the most popular models, the VW Golf (28,710) took first place ahead of the VW Polo (20,520), the Opel Corsa (19,131), the BMW 3 Series (16,309) and the Ford Fiesta (14,451).
“The used car market therefore continues to develop positively, especially thanks to higher availability and stagnating or even slightly falling prices,” analyzes Traxio.
“Due to the increase in new car deliveries, we are seeing a greater influx of newer used cars into the market, which have become increasingly older in recent years,” the organization continued.
Diesel in free fall, the complete opposite of gasoline
The average age of the Belgian car fleet tends to be 10 years, while the average age of registered used cars in 2023 was also relatively high (7 years and 11 months).
In addition, the share of used diesel vehicles continued to fall to 35.6%, while the share of petrol vehicles rose to 54%. As for the sector that brings together other fuels (hybrid vehicles and electric models), it now exceeds the symbolic mark of 10% (10.4%).
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