June 29, 2022

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Finn.no: Now there is a huge demand

Finn.no: Now there is a huge demand

Two months into the outbreak of the Corona pandemic, the used car market in Norway has been in full swing. It is still valid. Figures from Finn Motor show a significant increase in traffic at the start of 2022.

Admittedly, the pressure eased somewhat during the first quarter of the year, in part as a result of the war in Ukraine, as markets were affected by interest rate changes and access to materials.

Norwegians are also starting to travel abroad again, in addition to the fact that many people seem to be sitting on the fence for a while and waiting when it comes to buying a car.

obvious increase

– Despite all this, traffic is equally high throughout the Finn drive. In addition, the demand for electric vehicles has been enormous, especially as of March. The electric cars marked as sold or unpublished in Finn were around March and April. 20 percent compared to the normal range of 13-14 percent. says Eric Hasten, leader of the Finn Motor Company.

Research on electric cars has also been booming in Finland – particularly the very popular Tesla, Audi e-tron and Nissan Leaf, plus the keyword “electric car” is among the most used.

Electric cars have been popular for a long time, but there has been a clear increase in recent months.

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The waiting time for many new cars is one factor that contributes to the high activity in the used market.

Too many delays

—If you’re thinking of selling your electric car, in other words, now is the time to do so, continues Håstein.

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These days, there is a lot going on in the world that affects buying and selling, including access to vehicles, parts, equipment, and the like.

We hear from industry and dealers selling new things that many of the components you need for production are delayed, and delivery times are long, says Håstein, in a press release.

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According to Eric Hasten, president of FINN Motor, electric vehicles were in huge demand in the second-hand market in March and April of this year.  Image: Getty.

According to Eric Hasten, president of FINN Motor, electric vehicles were in huge demand in the second-hand market in March and April of this year. Image: Getty.

Located elsewhere for sale

The city of Shanghai in China is also undergoing a longer lockdown due to the epidemic, which is leading to the closure of car factories and a complete halt in exports and transportation by container ships.

So far, this has not had a significant impact on the used car market.

– The publishing time in the used car market has increased by 6-8 days, which in turn may be a result of the news image, interest rate changes, and the lack of desirable makes and models. With us, we see things stay for a long time, actually across the board, says Håstein.

As long as the different types of cars are broken, before they are sold.  Statistics from Finn.no.

As long as the different types of cars are broken, before they are sold. Statistics from Finn.no.

increases around july

Traffic for ads for boats, motorhomes and caravans is high on the Finnish engine, but still it can be seen that this is starting to decrease somewhat compared to the past two years.

– Håstein points out that the past two years in these markets have been well above normal, and traffic on the entire engine in the first quarter of 2022 is still higher than the last normal year in 2019.

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Traffic in the caravan (motorhome and caravan), motorbike and boat markets saw a sharp increase during the quarter, although it calmed down a bit compared to previous years.

For example, traffic growth from February to March was 24 percent for mobile homes, 60 percent for boats, 73 percent for caravans and 36 percent for motorcycles.

If we look at similar analyzes from 2021, the forecast is that traffic on mobile homes, caravans, boats and motorbikes will continue to increase through July. Cars for sale will also remain stable through June, as you are often looking for a used car before the start of the summer holidays. So we go from a good quarter to a quarter, which in all likelihood would be better, Hasten concludes.

The article was first published in broom