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Overbidding panic: the number of problem cars on the secondary market is growing

  • September 30, 2022
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Citizens and organizations that do business in the resale of used vehicles are sounding the alarm. According to them, the number of cars sold after an accident has

Overbidding panic: the number of problem cars on the secondary market is growing

Citizens and organizations that do business in the resale of used vehicles are sounding the alarm. According to them, the number of cars sold after an accident has increased from 33% to 55% in the past 12 months. And the number of cars pledged to banks and other credit institutions rose from 16% to 27%. At the same time, about 23% of used cars have restrictions on registration actions with the traffic police. In addition, the proportion of cars sold after a taxi is growing – from 7.5% to 23%. This was stated by the car dealers on the AvtoVzglyad portal during the conference of the Union of Car Market Professionals held in Moscow at the end of September, where resale specialists discussed the most pressing problems of the car market and ways to solve them.

“Now we see that from the checks we have had for over a year, that is more than 14 million units, more and more potential motorists have to choose from cars that do not have the best history, trying to find a decent option for themselves against an affordable price. And since we are the only source where you can check unlimited right-hand drive cars, we see full statistics: our audience is increasingly turning to Japanese cars or products from the domestic auto industry. Now it is in these segments that people interested, trying to save money and find an affordable option, say experts at the Autocode Profi service.

– In general, the statistics of the last few days are not very reassuring. We see that the market is tough, but all car services are now trying to make life easier for their customers, introducing new products and giving discounts. We hope that by the new year the situation on the market will become more stable, – says Vladislav Savelov, an expert in the Autocode Profi service for the selection and unlimited control of cars.

The head of the Union of Car Market Professionals, Vadim Adiev, confirmed that in 2022 the number of problem cars on the secondary car market in Russia increased:

– A car with a bad history cannot always be identified during the inspection. In order not to fall victim to scammers and not lose money, you should check every car against the bases of the traffic police, banks, notary offices and other services.

Still, today it is possible to buy a decent used car: experts noticed the trend of classified ads moving to instant messengers and new media platforms. So it is in telegram channels that it is now quite possible to find worthy options for used cars.

“Now we see that from the checks we have had for over a year, that is more than 14 million units, more and more potential motorists have to choose from cars that do not have the best history, trying to find a decent option for themselves against an affordable price. And since we are the only source where you can check unlimited right-hand drive cars, we see full statistics: our audience is increasingly turning to Japanese cars or products from the domestic auto industry. Now it is in these segments that people interested, trying to save money and find an affordable option, say experts at the Autocode Profi service.

– In general, the statistics of the last few days are not very reassuring. We see that the market is tough, but all car services are now trying to make life easier for their customers, introducing new products and giving discounts. We hope that by the new year the situation on the market will become more stable, – says Vladislav Savelov, an expert in the Autocode Profi service for the selection and unlimited control of cars.

The head of the Union of Car Market Professionals, Vadim Adiev, confirmed that in 2022 the number of problem cars on the secondary car market in Russia increased:

– A car with a bad history cannot always be identified during the inspection. In order not to fall victim to scammers and not lose money, you should check every car against the bases of the traffic police, banks, notary offices and other services.

Still, today it is possible to buy a decent used car: experts noticed the trend of classified ads moving to instant messengers and new media platforms. So it is in telegram channels that it is now quite possible to find worthy options for used cars.

Source: Avto Vzglyad

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