Cookies used by Autovista24 to enhance user experience
================================================================================
The Italian used-car market, once disrupted by the COVID-19 pandemic, major supply chain issues, and Russia's invasion of Ukraine, is gradually returning to normality, according to a recent episode of the Autovista24 Podcast.
In 2022, Italy recorded over 40 million vehicles on its roads, marking a 1% year-on-year increase and making it the second-largest car parc in Europe. However, the improvement in battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) technology has made used vehicles appear considerably dated and less capable than the latest models.
Despite the lack of public charging infrastructure, BEVs and PHEVs are seeing some traction in Italy. Yet, it's the cars powered by liquid-petroleum gas (LPG) that are the only ones to improve on the values recorded in 2023 in the Italian used-car market. The price of LPG-powered cars has been able to maintain a price-performance ratio in Italy due to falling prices in 2022.
Used-car values in Italy accelerated in 2021 due to supply constraints and increasing demand. However, three years on, new-car supply has recovered, while demand on the used-market has abated, causing values to return to a point of normality after considerable inflation.
The latest episode of the Autovista24 Podcast discusses the current shape of the Italian used-car market, unpacking what is happening to values and what performance can be expected by the end of 2024 and beyond. Marco Pasquetti, head of valuations at Autovista Group Italy, speaks in the podcast about current RV trends in Italy.
In Italy's used RV market, the trend shows a growing preference for eco-friendly vehicles. There is an increasing demand for LPG-powered engines, BEVs, and PHEVs. LPG models remain popular for cost efficiency, while BEVs and PHEVs are rapidly gaining market share due to stricter emissions regulations and incentives promoting sustainability.
Interestingly, RVs (Residual Values) in Italy are in near-constant decline, but this trend hides a broader story of used-car market behavior. Values in the Italian used-car market are only expected to drop by around 3% year on year in 2025 and 2026. By the end of 2024, RVs presented as a percentage of new-car list price are expected to decline by 6.6% in Italy.
Falling RVs should be considered a market correction rather than a sign of trouble in Italy's used-car market. Subscribing to the Autovista24 Podcast allows listeners to tune in to the episode on Spotify, Apple, and Amazon Music.
Read also:
- Quantum Computing Market in the Automotive Sector Forecast to Expand to $6,462.13 Million by 2034
- List of 2025's Billionaire Video Game Moguls Ranked by Fortune
- VinFast Accelerates Globally, Leveraging Vingroup's Technological and Financial Foundation
- Transformation of Decarbonization Objectives in the Iron Ore Pellets Sector
