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Reselling your car for more than you bought it new: how new second-hand players are surfing on trends

  • Post category:Economy News
  • Reading time:2 mins read

These groups and centers are in fact already strongly developed in countries like France. Auto1 has to face competition from players established for several years such as Gemy, Aramis (which has established a partnership with Cardoen), or even ALD, which specializes in rental, but which has established a subsidiary for the resale of these vehicles. amortized.

If it is only beginning to point the tip of its nose in Belgium, according to Olivier Duquesne, it is linked to the weight of the company car in Belgium: “In Belgium it is recent, because company cars represent one in two new registrations. In France, apart from senior executives, they have to buy their car, and therefore the second-hand market was already much larger“.

And so until now, the second-hand market has been heavily fueled by these company vehicles which, at the end of the lease, return to private individuals (which represent 90% of second-hand vehicle buyers according to Olivier Duquesne, only recent SMEs and not yet solid avoiding new).

In the case of Cardoen, there is also recovery of dealers’ unsold stocks, which must leave room for new models, and enable it to offer genuinely new items at bargain prices.