Used car market Finn.no | Search for: – Sell your car now!

“Supply and demand are now in better balance, but we are now moving towards a situation where there will be a shortage of used cars in Norway.”

This is what the Finnish market wrote recently press release.

Last year there was a surplus of cars in the used car market, but today the situation is different.

Although there is now a shortage of used cars in this country, the demand is still as high and stable as before. In short, this means that you, as a seller, can charge a higher price for the car you list.

Terje Dahlgren at Finn Motor points out three main reasons behind the decline in used car inventory.

The rise in used car exports in 2023 helped “empty” the market for used cars, especially diesel and gasoline cars. New car sales are also declining significantly, leading to a decrease in the number of commercial vehicles, which typically contributes to an increase in used car inventory. The third reason is that the currency situation provides little profitability in used car imports, as prices are higher than before, Dahlgren explains.

-The economic situation has changed

If you are thinking about selling your car, now is a good time to do so.

Finn Motor's visitor numbers also show that there are many people looking for a new car in the months leading up to summer

“What has changed this year is that demand has recently shifted from expensive, newer used cars to more affordable, older models, especially gasoline or diesel cars,” Finn writes.

– The financial situation has changed for most of us, and more people are buying cars without loans or with fewer car loans than before. Car buyers are therefore looking for used cars that are cheaper and sell faster than before, and more expensive electric cars now take longer to sell. Cars more than five years old are now also attractive on the used car market, Dahlgren says.

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According to Finn, these are the fastest-selling cars right now:

Volkswagen Golf (E)

Average price older than five years: NOK 120,000 (publishing period 20 days)

Average price most recent five years: NOK 189,000 (posting period 16 days)

VW Golf (D)

Average price older than five years: NOK 89,000 (publishing period 14 days)

Skoda Octavia (D)

Average price older than five years: NOK 129,000 (at time of publication 17 days)

Average price most recent five years: NOK 309,000 (at time of publication 22 days)

Nissan Leaf (E)

Average price older than five years: NOK 94,000 (publishing period 15 days)

Latest five-year average price: 228,000 (post duration: 26 days)

Tesla Model 3 (E)

Publication period is 22 days

Average price 346.000 NOK

Tesla Model Y (E)

Publication period is 23 days

Average price: 499,000 NOK

Mercedes-Benz EQC (E)

Publication period is 23 days

Average price: 498,000 NOK

Mitsubishi Outlander (H)

Average price older than five years: NOK 219,000 (publishing period 16 days)

Latest five-year average price: 339,000 (at time of publication 26 days)