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Slight recovery of the used car market in Serbia

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In the first two weeks after the lifting of the state of emergency, the used car market in Serbia recorded a slight recovery, so 62% of sellers stated that they recorded sales growth.
However, only 12 percent of them said that their sales returned to the level from before the declaration of the coronavirus epidemic and the introduction of the state of emergency.
A survey conducted by the site polovniautomobili.com among car sellers, from May 18 to 22, also showed that sales did not increase in 38% of respondents.
Thirty-five percent said they had not sold a single car since the state of emergency was lifted, while 33 percent said they had sold one to two cars. 19 percent stated that they had sold between three and five cars since May 7, and that 7 percent had sold up to 10 vehicles, according to the results of the survey.
Since the lifting of the state of emergency, more than 10 cars have been sold by only 6 percent of respondents.
The survey also showed that the number of interested buyers is slightly increasing, while only 13 percent of respondents stated that even after the lifting of the state of emergency, buyers did not come to their car park.
In the survey we conducted among car buyers during the state of emergency, two thirds of them said that they did not give up but postponed the purchase, while 13 percent stated that they definitely gave up the purchase,” says PR of the website Polovniautomobili.com Branislav Grkovic.
That the number of visits to the car park returned to the level from before the introduction of the state of emergency was stated by 11 percent of sellers, while more than a third of traders believe that the situation has not changed in relation to the state of emergency.
That the number of customers who came to see the car on the parking lot is significantly higher than during the state of emergency, said 13 percent of respondents, and 32 percent of them that it is slightly higher, the survey said, adding that 32 percent of respondents believe the situation is not changed in relation to the state of emergency.
The results of the survey showed that the new situation also influenced the decisions of buyers when it comes to what kind of cars they are interested in.
Half of the surveyed sellers stated that buyers are now looking for cheaper cars, and 38 percent are looking for cheaper cars than before the state of emergency, while 12 percent are looking for half the price of cars than before the state of emergency.
Half of the sellers stated that the potential buyers stayed with the previous intention and want to purchase the same cars as before the state of emergency.
When it comes to prices, the previous survey of this site for trade in used cars showed that the coronavirus epidemic and the introduction of the state of emergency did not significantly affect the prices of used cars in Serbia, Dnevnik reports.

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