Surging Used-Car Prices and Rising Used-Car Auction Prices
First written in FY2022. 6 of 13 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Update on full-year used vehicle market conditionsAnnual report
「In the used vehicle market, used passenger vehicle registrations, comprising registered vehicles and kei cars, increased 0.4% from the previous fiscal year. Registrations of registered vehicles fell below the previous year due to sluggish growth in the new vehicle market and the large number of vehicles diverted to exports, but growth in kei cars, whose volumes recovered, drove the overall increase above the previous year.」
Used vehicle registrations increased 0.4% from the previous fiscal year, driven by the recovery in kei car volumes. Registrations of registered vehicles fell below the previous year, while demand for lower-priced used vehicles is expected to increase against a backdrop of higher new vehicle prices. - FY2026-H1WorsenedAnnual report
「Used passenger vehicle registrations were nearly flat, up 0.6% year on year, while concerns about difficulties in sourcing vehicles have again intensified in the used vehicle market.」
Used vehicle registrations were nearly flat, up 0.6% year on year, while concerns about difficulties in sourcing vehicles have again intensified, following the market improvement trend in the previous fiscal year. - FY2025MitigatedAnnual report
「Used passenger vehicle registrations increased 0.8% year on year and remained firm, partly due to continued high used vehicle prices as new vehicle supply stabilized and exports remained strong.」
Used vehicle registrations increased 0.8% from the previous fiscal year, improving volumes, while high used vehicle prices continued. - FY2025-H1MitigatedAnnual report
「Used passenger vehicle registrations increased 2.3% year on year. Although the market remained firm despite lower domestic new vehicle production, it was stable, as in the first quarter.」
Used vehicle registrations increased 2.3% year on year, marking a shift from the market through the previous fiscal year, which had centered on declining volumes and surging unit prices, to a firm and stable market. - FY2024MitigatedAnnual report
「Used passenger vehicle registrations increased as new vehicle sales rose, and used vehicle registrations for the consolidated fiscal year were 4.0% above the previous fiscal year.」
Used vehicle volumes increased as new vehicle sales rose, and used vehicle registrations increased 4.0% year on year. Conditions improved from the declining volumes and vehicle shortages seen through the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「Used passenger vehicle registrations increased 3.7% year on year. Demand for used vehicles increased due to delays in new vehicle production, resulting in a market where higher volumes and firm unit prices coexisted.」
Used vehicle registrations increased 3.7% year on year. Volumes increased while unit prices remained firm, marking a shift from the market conditions through the previous fiscal year, which had centered on declining volumes and surging prices. - FY2024-Q2MitigatedAnnual report
「Used passenger vehicle registrations increased 2.1% year on year. As in the first quarter, shortages of vehicles that had persisted since the previous year began to ease, and the market saw more stable unit prices.」
Used vehicle registrations increased 2.1% year on year, with volumes recovering as shortages eased and the rise in unit prices seen through the previous fiscal year moderating. - FY2024-Q1MitigatedAnnual report
「Although used vehicle volumes remained stable, the market settled in terms of unit prices as new vehicle supply increased.」
The company explains that, as new vehicle supply increased, used vehicle volumes stabilized and unit prices settled from the sharp increases seen through the previous fiscal year. - FY2023Update on full-year used vehicle market conditionsAnnual report
「Used passenger vehicle registrations in the fourth quarter, covering the January-March period, fell 2.0% year on year, but volumes increased due to higher new vehicle sales. Used vehicle registrations for the consolidated fiscal year were 4.6% below the previous fiscal year.」
Used vehicle registrations fell 4.6% year on year for the full year, while volumes increased in response to higher new vehicle sales. - FY2023-Q3RestatedAnnual report
「Used passenger vehicle registrations fell 5.6% year on year, and the market continues to see declining volumes due to the impact of longer new vehicle delivery times.」
Difficult market conditions, characterized by declining used vehicle volumes against a backdrop of longer new vehicle delivery times, continue. - FY2023-Q2RestatedAnnual report
「Used passenger vehicle registrations fell 5.0% year on year, and market conditions characterized by declining volumes and sharply rising unit prices continue.」
The company reconfirmed that market conditions characterized by declining used vehicle volumes and rising unit prices continue. Used vehicle registrations fell 5.0% year on year. - FY2023-Q1RestatedAnnual report
「Used passenger vehicle registrations fell 5.6% year on year, and market conditions characterized by declining used vehicle volumes and sharply rising unit prices continue.」
The company reconfirmed that market conditions characterized by declining used vehicle volumes and rising unit prices continue. - FY2022First statedAnnual report
「In the used vehicle market, trade-ins stagnated as new vehicle delivery times lengthened, while demand for used vehicles increased. Used vehicle prices surged and used vehicle auction prices reached a 10-year high, but registrations remained at approximately 3.64 million vehicles, down 5.5% from the previous fiscal year.」
The company identified for the first time, as a standalone theme, a market structure in which used vehicle prices and auction prices rose against a backdrop of longer new vehicle delivery times and stronger used vehicle demand, while registrations declined.