Spain: used car to brand new car ratio 2015-2025
In 2022, there were nearly two used cars sold for each new car sales in Spain. This ratio is forecast to drop in 2023, down from 1.94 to 1.83, but is expected to recover in 2025. The ratio had been steadily growing between 2015 and 2021, and jumped over two used cars per each new car in 2020, amid the COVID-19 pandemic.