In September, the used vehicle market registered positive dynamics, with an increase of around 45% in sales, reflecting a general demand that grew 48% compared to the same month in 2024, reveals this Friday, October 31st, Standvirtual.
According to new data shared by the online platform in Portugal for buying and selling used and pre-owned cars, the supply of used vehicles, in turn, decreased slightly by 1%. Premium and luxury brands also benefited from this growth, showing increases of 27% and 16%, respectively.
Electric vehicles stood out with a significant increase in demand, with premium electric vehicles growing by 69% and volume electric vehicles by 62%. The supply of electric vehicles also increased, with growth of 31% in volume models and 25% in premium models.
On the other hand, gasoline cars saw a 49% increase in demand, while supply grew by just 1%. Diesel vehicles saw an increase in demand of 25%, but supply decreased by 13%.
Electric vehicles, gasoline hybrids, diesel hybrids and plug-in hybrids represented around 19% of demand and 22% of supply in September. Despite the growth in demand for electric and hybrid vehicles, diesel (48%) and gasoline (30%) cars remained the most sought after types of fuel.
In terms of prices, cars worth less than 15,000 euros recorded the biggest increase in demand, with a 50% increase in September. Vehicles above 30,000 euros also showed an increase of 26%, while demand for vehicles between 15,000 and 30,000 euros rose 25%. The offer for vehicles above 30,000 euros and below 15,000 euros grew, but the offer for vehicles between 15,000 and 30,000 euros decreased by 7%.
Demand for vehicles aged between one and three years grew 33% compared to the previous year. This increase in demand was also reflected in cars aged five to ten years (+26%) and three to five years (+23%). Supply, however, only grew in vehicles between ten and 15 years old (+5%), while in other ranges there was a decrease.
In the segments, demand for utility vehicles increased by 65%, minivans by 42%, sedans by 39% and city cars by 37%. SUVs (22%), utility vehicles (18%) and city cars (around 16%) were the most sought after segments. The brands with the most demand were Tesla, BYD and Volkswagen, while Renault, Peugeot and Mercedes-Benz were the most advertised.
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