Used Cars In Demand As New Car Sales Decline In Croatia
- by croatiaweek
- in Business
The new car market has been hit extremely hard in Croatia during the economic crisis, resulting in a boom for used car sales. Used car sales have increased by 7-8 percent in 2012 as cash striken Croats turn to cheaper options.
With a gap of around 40% on average in the price between new and used cars, the demand in recent times for used cars has been great enough to encourage major car yards in the country to boost their used cars section.
New car sales have fallen by 17-18 percent as Croats, in fear of losing their jobs, are staying away from obtaining loans from banks for new cars.
