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La Voz de Madrid

Madrid Leads National Growth in Used Vehicle Sales

The Community of Madrid recorded a 38.8% increase in the first quarter, significantly surpassing the Spanish average.

Generic image of a car's odometer and keys, symbolizing used vehicle sales.
IA

Generic image of a car's odometer and keys, symbolizing used vehicle sales.

The Community of Madrid has solidified its position as the region with the highest growth in the used vehicle market, registering an impressive 38.8% increase in the first quarter of the year, well above the national average.

Between January and March, the Community of Madrid sold 98,654 used cars and SUVs, representing a 38.8% increase compared to the same period last year. This data, provided by industry associations Ganvam and Faconauto, places the region at the forefront of growth in Spain, contrasting with the modest 0.7% national average.
In March alone, used vehicle sales in Madrid reached 37,299 units, a 48.6% increase from the previous year. The national average for March was significantly lower, with a 5.5% growth.
Nationally, the first quarter closed with a total of 538,343 used car and SUV sales. The boost from rental companies, which reinforced their fleets before Easter Week, was a key factor, raising March operations to 196,841 units and accounting for a large part of the monthly rebound.
This same factor drove the growth of younger vehicles. Models less than one year old saw the highest increase in March, with a 33.3% rise. For the full quarter, cars up to five years old totaled 147,452 units, up 10.4%, and now account for over 27% of the entire used car market. Older models, however, continue to lose market share.
The used car market also reflects a growing presence of electrified vehicles in Spain. Used electric vehicles grew by 48.8% in the first quarter, with 8,886 units sold, while plug-in hybrids increased by 51.3%, reaching 13,710 units. Plug-in models now represent 4.2% of the total, up from 2.9% a year ago.
In contrast, internal combustion engines are in decline. Although diesel vehicles still account for 47.8% of operations, their sales fell by nearly 6%. Gasoline vehicles decreased by 1.3%, making up 35.8% of the total until March.

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