Are you going to buy a car? Used cars have a generalized increase, while electric vehicles melt up to 45% in the market

The prices of used passenger cars in Brazil showed a slight accommodation in April. The IBV Auto, BV bank’s index that monitors the sector, recorded a rise of 0.27% in the month, a deceleration compared to the advance of 0.71% observed in March.

Despite the brake on the monthly variation, the market remains largely heated and has lost only part of its initial momentum of the year. The increase in prices was felt in 22 of the 27 Federation Units, which demonstrates a resilient national demand, capable of absorbing continuous adjustments even in the face of restrictions in the supply of credit.

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According to Jamil Ganan, vice president of Retail at the institution, the demand for high liquidity models is what sustains the sector. Traditional popular vehicles, such as Chevrolet Onix, Celta and Fiat Palio, are among the main drivers of the index. Onix, specifically, led the rises for the third consecutive month. This dynamic is a direct reflection of the conditions of zero-kilometer vehicles, driving the search for used vehicles as a financial alternative.

Regionally, the North increased in the month, with a jump of 1.35%. On the other hand, the Central-West was the only region to record a retraction, pressured by the drops in Mato Grosso and Mato Grosso do Sul. In the cumulative index of 12 months, Minas Gerais (+8.52%) and Rio de Janeiro (+8.16%) lead the highest price increases in the country. According to BV’s chief economist, Roberto Padovani, the sector’s performance in the coming months will depend strictly on the evolution of workers’ income and credit supply.

In terms of propulsion type, the reality is harsh for owners of pure electric cars, who suffer the greatest losses in the secondary market. Models launched in 2023 are suffering a drastic devaluation of 45.6% until April this year. The drop reflects the strong competition and successive price reductions practiced in zero-kilometer electric vehicles, in addition to the rapid technological obsolescence of the segment. As a basis for comparison, hybrid vehicles depreciated 25.2% in the same period, and cars powered exclusively by combustion fell only 19.3%.