– I am happy with the car. Erlend Sand Aas from Halden has posted his “old” electric car on Finn.no. The goal is to buy a new car. – I will probably never go back to a car with fuel again. With the electricity subsidy at home, it is not felt that the high electricity prices make owning an electric car more expensive than owning a similar petrol car, says Aas. Erlend Sand Aas feels the market is so good that it is now possible to sell the car for more than at a dealer. Photo: Privat His electric car from 2021, a Volkswagen ID. 4, is out on the second-hand market with a price of NOK 474,000. It is a few thousand Swedish kroner more than what he bought it for, despite the fact that he has driven 29,000 kilometers. – It wasn’t that difficult to price the car because the market has given an estimate. There are several similar cars out there. Started before the pandemic Experts point to several reasons why electric cars in particular remain at a stable high price level, without major losses, despite the fact that they are used. – I have been involved in a hot market before, but not that it has lasted this long. The abnormal has become normal, says Thorbjørn Myrhaug, director of Bertel O. Steen Detalj AS. According to him, the reason is complex: Long delivery time for new cars Few “new” used cars for sale because many have owned the car for a longer time Increased prices for raw materials and greater uncertainty in Europe The big price increase started during the corona pandemic. Many traveled less and spent little money on travel. Several opted for a more expensive car or a second car in the family. Thorbjørn Myrhaug, director of Bertel O. Steen Detalj AS, expects a decline in the red-hot used car market by the end of 2023. Photo: Bertel O. Steen – Things will surely calm down when we get more predictability for new cars, better production time and delivery. Everything depends on subcontractors, says Myrhaug. He points to two things in particular. – High electricity prices can cause companies we depend on to close. Taiwan, which is the world’s largest producer of computer components, can also affect this, if they get blockades or are boycotted. We hope things will be normal by the end of 2023, he says. – A bit in the world of capitalism Consumer economist Derya Incedursun at Nordea expects prices to fall. But when that happens, she is unsure. – This will happen as inflation stabilises, unemployment rises and wage growth stops. At the same time, the waiting time for new cars is getting shorter over time. People are finding it more difficult financially now with everything increasing in prices, she says. Consumer economist at Nordea, Derya Incedursun, expects prices to fall because many households are struggling with other increased costs such as electricity, housing interest and food. Photo: Øystein Løwer / Nordea Incedursun believes that it is only natural that car sellers get paid well at a time when the demand for cars is high. – It’s a bit in the world of capitalism. If you see opportunities to earn more, many do. Earned 25,000 on a used car Also car dealer for Audi and Volkswagen, Møller bil, is following the situation closely. They agree that things are boiling in the used car market. – The leasing share of new cars has decreased since the peak years of 2018 and 2019, which in turn means that we receive fewer buy-back cars than before. There are simply fewer used cars available, says Gurli Høeg Ulverud, communications director at Møller Mobility Group. Several sellers of used cars tell of a luxury situation. – I earned almost NOK 25,000 on a car I collected from a dealer. It was only a few weeks old. The person who bought the car did not react to the price, says a man in his 40s in Eastern Norway. He wishes to remain anonymous. Are you thinking of something? Hi! Would you like to advise me on a possible case? Feel free to contact us by e-mail.
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Long delivery times for cars make for a heated used car market – news Oslo og Viken – Local news, TV and radio
