Ongoing Price Drop in Used Car Market

This decline is significant, even if the prices of used cars remain high and higher than those of the third quarter of 2022.

With over 760,000 used cars from professionals and individuals online, and a traffic of 12 million unique visitors, Leboncoin has become a major and essential observatory of the used car market.

After reaching peaks in January 2023, the prices of vehicles aged 2 to 8 years, which account for 45% of the ads posted on Leboncoin, have been declining since the beginning of the year. These decreases average 5.9% for vehicles aged 2 to 5 years and 6.6% for vehicles aged 5 to 8 years.

On the other hand, over the same period, the prices of vehicles less than 2 years old (13% of the ads posted on Leboncoin) continue to rise: +2.3% since January 2023. Prices are increasing for these vehicles because the share of clean vehicles is constantly growing.

Diesel prices, which still account for 50% of ads posted on Leboncoin (aligned with the share of diesel registrations in France in September 2023), have decreased by 4.8% since the beginning of the year.

That’s -4.2% for petrol vehicles over the same period (40% of the ads posted on Leboncoin).

The adjustment of electric vehicle prices continues (-13% since January 2023), to reach levels well below those of the third quarter of 2022 (-18.5%). An electric vehicle averaged 26,420 euros on Leboncoin in the third quarter of 2023 compared to 32,608 euros in Q3 2022, almost 6,200 euros difference.

READ ALSO > Used Dacia Spring: what is the state of the market?