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We usually don't buy new cars in Europe. Most private cars are second hand.


Do you have a source for that? That's the first time I've heard about that and with leasing being so popular I don't really see this being true. Especially when observing people around me (Austria, Germany).


In Germany only ~33% of new cars are bought privately, the rest from companies.

Source https://de.statista.com/statistik/daten/studie/36714/umfrage...


Thanks, I ended up on this page too in my research but I don't have a subscription to see the actual data.


https://www.auto-infos.fr/Bilan-2019-le-marche-VO-etablit-un...

In France in 2019 2.61 used cars were sold for each new car.


In Finland in 2019, 625000 used cars were sold vs. 114200 new car registrations. I believe these include both private and company cars, though.

This would be 85% used cars, 15% new cars.

The average age of a bought used car was 13.3 years.

https://www.kauppalehti.fi/uutiset/uutta-dataa-kaytetyn-auto...


Those are company cars. Privately purchased cars are indeed bought used, overwhelmingly so.


Where the second hand cars come from?


Cars previously used by businesses sold by leasing providers after 2-3 years of usage, mostly. Many of these are sold by Volkswagen Financial Services and include factory warranty. It's an easy way to get a car as good as new 30-50% cheaper.


Rental cars, company cars, old people cars.




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