(Thing according of PF analysis carried on AAA AUTO GROUP)
Demand on cars in Central and East Europe should be high by increasing the income, growing power purchasing, improving of financial conditions and advantageous prospects on labor market. Demand will grow also from the point of view of greater requirements of relocation junior population part which cannot be allowed in state to buy new car. Such deduction gout detailed analysis carried by famous firm Patria Finance on order AAA AUTO, which content make public media.
Though joint number of personal cars in old fifteen countries comes for 200 millions, in year 2006 it perform about 28,2 millions of transaction with purchase or sale of used cars. Taking additional under note data concerning sale of new cars, it means, that average period of property of car totals about 4,6 years, in majority countries of region that period more or less twice longer. As it affirms Jiří Soustružník, Patria Finance analyst and co-author of analysis, it is next indicator of upcoming strong demand on cars in this region because growing power purchasing probably will cause gradual short circuit of said period in countries of Central and East Europe.
Though demand is stimulated by many factors can be expected that trend related with acquisition of used cars instead of new will be still relatively high in CEE region. Although power of purchasing population grows new models of cars are still unattainable for many persons. Simultaneously Western Europe countries fulfill role of supplier of used car about relatively high quality. CEE Region can also use from relatively inexpensive service and favor coherent.
As analysis underlines, success of dealers of used cars in comparison with dealers of new cars in big measure bears on their models of activities it, if they are in state to provide additional services, limit uncertainty increase transparency in dealings with customers. Nevertheless,, as it underlines Jiří Soustružník, growing complexity model activity and the need to provide services presenting added value can also presenting chance of conquest of participation on market achievements of benefits of scales on divided market of used car, despite low foreign limitations and export.
Patria Finance has valued on base of information gotten in lease and financial institutions that joint market volume of used cars in Czech Republic reaches about 250-300 thousand, from that 50 000 cars a year presents object of direct sale. Firm Patria value Slovak market on 100 000 cars, Hungarian 350-400 thousands and polish potentially 750-800 thousands used cars a year.
Accepting that turn of personal cars will grow slower than PKB. Analysis forecasts growth of national fleet of about 2,8%. (for countries of CEE region about lower look-aheads) for 6,3% (for countries about superior look-aheads) A similar increase can also be expected in range of new car registration that is demand on new cars (new and used imported). Heeding on relatively high trends in range of buying used instead of new cars in CEE region, Patria Finance analysis keep that these look-aheads is possible to perceive as minima of average growth respect of import of used car.
Greatest revenue memorial , consumers can mention their cars on newest models frequently ( or newest models on market of used cars ). This assumption means that growing revenue in CEE region should become reflected in boosted turns of market of used cars. Patria Finance analysis composed on order AAA AUTO concludes that then it will have greatest influence on demand of used car.
[theme AAA AUTO GROUP]
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