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Used-Car Prices in France Slide as New-Vehicle Supply Recovers

Improved new-car availability is pulling demand away from the second-hand market.

Overview

  • Year-on-year data show average second-hand prices down by about €1,000 for diesel models and €650 for petrol cars, according to figures reported by Franceinfo.
  • Electric vehicles saw the steepest drop, with average used prices roughly €2,000 lower over the past year based on Le Bon Coin data.
  • Dealers say the shift has been building for months and recall that the same used models cost around €2,000 more two years ago.
  • Transport consultant Arnaud Aymé of Sia Partners attributes the decline to buyers returning to newly plentiful new cars and to a larger volume of used listings.
  • Current averages highlight market segmentation, with used diesel cars around €17,000 and hybrids averaging up to €30,000.