The number for 2023 is 153,913. This is the same number of used cars sold in the Czech Republic last year, which is a year-on-year decrease of 4.5%. A natural decline, because while in previous years sales of used cars were all the more successful due to the crisis-plagued production of new cars, last year the tables turned and the market began to be flooded with new vehicles from factories that were finally running at full capacity, and interest in used cars fell.
However, the two largest car dealerships in the Czech Republic, AURES Holdings (operator of AAA AUTO, Mototechna, Auto Diskont and Driverama car center networks) and Auto ESA, did extremely well – both companies reported record sales. Together, they sold over 75,000 vehicles in the Czech Republic, so they cover half of the used vehicle market in the Czech Republic. From their statistics, you can get a fairly accurate idea of his condition.
The best-selling used Škoda Octavia station wagon
Cars from the domestic car manufacturer Škoda rule not only on the new car market, but also among used cars – in both cases they account for roughly a third of the market. Despite their slightly higher prices, Czechs perceive them as a good investment, because they are practical and reliable cars with an easily accessible service network.
So the best-selling models are the Octavia followed by the Fabia, mixed with concern cars (Golf, Passat) and other cars of a similar size (Ford Focus, Hyundai i30). So while new car sales are dominated by SUVs, second-hand buyers prefer classic hatchbacks and station wagons, followed by SUVs (which, however, will probably change positions with station wagons soon).
|AAA Auto + Mototechna
|Skoda Octavia II
|Škoda Fabia I
|Skoda Octavia III
|Skoda Fabia II
|Skoda Fabia III
|Shame on the Kodiaq
|Shame on the Karoq
Car dealerships have also noticed more interest in diesel cars. “Compared to the previous year, in which smaller petrol cars ruled, customers in 2023 were clearly more interested in larger cars with diesel engines. The reason was the price difference between diesel and gasoline, which in some months was up to CZK 6 per liter in favor of diesel,” explains Filip Kučera, Marketing Director of Auto ESA.
“Higher fuel prices are reflected by customers in the criteria for choosing a car, which is why the number of electric cars sold increased year-on-year again, last year already at a record of almost five hundred, four times more than a year earlier. Sales of hybrids increased by forty-eight percent year-on-year,” added Karolína Topolová, CEO and chairman of the board of AURES Holdings. On the contrary, Auto ESA registered an outflow of people interested in electric cars, their sales fell by half.
There has been a slight increase in interest in cars with automatic transmission, on the other hand, customers choose four-wheel drive less often.
Against the turbulent year 2022, there was a price correction and the average price of used cars sold decreased slightly year-on-year. However, the average age of sold cars increased to 10.6 years (the share of vehicles older than 10 years is 48.99%, older than 15 years is 23.27%), and their average mileage also increased slightly.
After market failures and a lack of new vehicles (or extremely long waiting periods), the situation seems to be stabilizing and the supply of used cars is increasing again. But it is necessary to choose more carefully and not stick to well-known half-truths and myths, such as that there are no nice cars here and that the best used cars are from Germany. This is no longer a general truth.
A very attractive segment of the secondary market are used cars, which, thanks to their immediate availability, a price up to 40% lower than a new one, and their young age and mileage on the odometer, represent an alternative to a new car. Last year, there were 70,304 new cars on offer on the Czech market, i.e. 4.3% less year-on-year. In Poland and Slovakia, on the contrary, their supply has grown significantly (by 10.9 and even by 50%, respectively). This resulted from the continuous monitoring of the market carried out by the international group AURES Holdings.
“Although in recent years we have witnessed a growing interest in the demand for used cars, which replace the increasingly expensive new cars, the offer on the Czech market has been decreasing for the last three years. This is a consequence of production and sales shortfalls of new cars, due to which people keep their cars for longer, and thus fewer new cars are put into circulation. But the positive thing is that there was a smaller year-on-year decrease than a year earlier,” explains Karolína Topolová.
New cars usually have around nineteen thousand kilometers on the odometer and are two years old. Their prices on the Czech market rose year-on-year again, specifically from CZK 650,000 in 2022 to CZK 684,950 in 2023. They were most often powered by a gasoline (60%) or diesel engine (28%), but the range of electric ones is also expanding (year-on-year by 72% to 3,070) and hybrid cars (by 19.4% to 4,381). “The increase in the supply of electric cars and hybrids is a positive trend in the Central European market. Across the countries where we operate, the demand for these types of cars has grown significantly, because customers have to look for alternatives to traditional drives despite the long-term increase in fuel prices,” comments Karolína Topolová.