More than 30,000 used cars sold in the Canary Islands until April

Sales of second-hand cars and SUVs in the Canary Islands accumulate a growth of 1.8% until April in the Canary Islands, with a total of 31,024 units, according to data released this Wednesday by the employers of distribution companies (GANVAM) and dealers (Faconauto).

In comparison with March, 7,138 cars and SUVs were sold in the islands, 19% less, a decrease that the sector attributes to a calendar effect, due to Easter.

The forecasts of the employers at the national level indicate that the market will again exceed two million units by the end of 2025, standing at around 2.5% above pre-pandemic levels.

By channel, in Spain the vehicle rental companies are the ones that register the highest growth so far this year, rising 8.6% in the first quarter.

They are only surpassed by operations from imports, which accumulate an increase of 12.5% until April.

This explains why, by age, sales of used vehicles between eight and ten years old are the ones that have increased the most so far this year (+13.7%), according to GANVAM and Faconauto.

Semi-new vehicles grow by 5.4% until April, while vehicles over 15 years old - which concentrate 41.5% of the market - accumulate an increase of 5.5%, being the protagonists of operations between individuals.

Operations with used vehicles from 'renting' fleets barely increase by 1.7%, which explains why models between three and five years reduce their sales by 1.6% since the beginning of the year.

As for energy sources, diesel used vehicles, which still represent 50.9% of operations, accumulate a decrease of 2% until April.

Gasoline vehicles, on the other hand, grow by more than 3%, with 255,995 units sold.

Operations with pure electric second-hand vehicles continue their upward trend and rebound 47.7% until April (8,149 units).

For their part, plug-in hybrids accumulate an increase of more than 53%, already representing almost 2% of the used market.