When is the best time to buy a used car in lahore?
The months of March and September are the most interesting months for buying a second-hand car because they correspond to a period when dealers generally hold a lot of used vehicles in stock
While the prices of use vehicles have been falling for several weeks, certain periods are more favorable to purchasing a second-hand model. With less demand and a more flexible market, finding the most opportune time to benefit from the best offers depends on several factors. Discover all our advice before buy and sell car in lahore your used car to get good deals all year round.
Prices that return to an acceptable level
Between the increase in raw materials, extended delivery times and the shortage of semiconductors slowing production, the price of new vehicles has continued to rise in recent months. Having become inaccessible, these prices have forced many motorists to turn to the second-hand market which has mechanically followed the inflationary trend observed on new vehicles in lahore.
Faced with this surge in the price of used vehicles, a majority of individuals have had to resolve to buy older cars with more kilometers on the clock. Over the weeks, the situation has gradually improved with less demand than at the start of the year and prices finally returning to a correct level. After having limited the breakage in the month of April (-3.2% compared to April 2024),
The Pakistani second-hand market – which represents three times that of new – fell again in May (-8.1%) with 413 511 transactions carried out between individuals (compare to 420,067 last April). Sales of models from 5 to 10 fell by 4.7% in May (88,161 units) , those over 10 years old by 5.5% (200,066 units) and the most recent models record a drop of 14.1%. (125,284 units). A reduction in sales volume which results in particular in a drop-in price.
Buying a used vehicle: all the favorable times
The months of March and September are the most interesting months for buying a second-hand car because they correspond to a period when dealers generally hold a lot of used vehicles in stock. During these periods, automotive professionals therefore particularly need to free up space on their fleet in order to be able to store new cars in lahore.
Rather calm in terms of sales of new and used vehicles, the month of December has the advantage of having more choice because the stocks to be sell are more substantial and the sellers seek to achieve their commercial objectives before the end of the month and end of year holidays.
Enough to put the buyer in a strong position to more easily negotiate a discount on the chosen model. Dealer open days are an event where professionals can offer the best deals on a category of vehicles. The opportunity for a potential buyer to save money and get assistance from an automobile technician before opting for a particular model. Summer also coincides with people going on vacation and dealers who are empty of their potential customers are forced to lower their prices.
Finally, the purchase of a used vehicle can take place during the renewal of a company's vehicle fleet or following the announcement of the release of a new generation car by the manufacturer. Old models will therefore be less valued from the launch of a new range and their price will systematically drop at a dealership. So many good deals to find depending on the best period.
The price of used electric models also falling
Up 15% in May compared to the same period last year, sales of electric cars continue to grow in France (16% market share) and now exceed diesel (10.5%). However, prices remain high despite the arrival on the market of new, more affordable models such as the Dacia Spring or the BYD Seagull. Increasingly numerous, they thus contribute to the increase in supply and therefore to the fall in prices.
Currently, it costs on average pkr29,590 for an electric car, or 12% less compared to the month of January and even 20% less compared to September 2024 (average price of pkr35,514 during this period). While the price of thermal cars has decrease by only 3% compare to the start of the year, the enthusiasm for electric cars can partly be explained by leasing returns which contribute to increasing the offer and bring down prices in lahore.
The reduction in prices made by Tesla on its Model Y and Model 3 has a particular impact on second-hand models. The development of new technologies to increase battery range is also reducing the price of used electric cars which can quickly become obsolete. However, the residual value (resale value) of a second-hand electric vehicle is higher than an equivalent thermal car. The popularity of this type of engine makes the resale of an electric best car valuation more profitable than a thermal model.
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