By Euro Weekly News Media • 13 April 2012 • 14:34
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ALMOST half of cars sold in the province so far this year were more than 10 years old.
In the first three months of this year, 12,505 second hand vehicles were sold in Malaga Province.
Forty-four per cent of the total were more than 10 years old and almost 32 per cent were 5- 10 years old, according to the Automotive Studies Institute.
Over the same period, sales of second hand cars more than 10 years old rose more than 14 per cent compared to the same time 2010.
The tendency to buy older vehicles began with the first signs of the financial crisis, and nowadays, anyone looking online for an old car for less than €1,500 will find they are snapped up within days, studies show.
Sales of vehicles between €600 and €1,500 increased between three and eight per cent in 2011, according to a recent study by second-hand car site AutoScout24.
In 2011, sales of secondhand vehicles more than 10 years old accounted for 44 per cent of the 1,728,190 used cars sold in Spain according to the National Association of Motor Vehicle Dealers.
Manuel Palmas, the spokesman for the Spanish Association of Automobile and Lorry Manufacturers warned the sale of cars of this age should be regulated as some of them should not be on the road.
Twenty-eight per cent are more than seven years old and 25 per cent have done more than 95,000 kilometres.
By Jennifer Leighfield
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