The average transaction price of used cars last month was over 1.07 million yen, which was the highest since 2000, when statistics can be traced back.
Production of new cars continued to decline due to a global shortage of semiconductors, and demand for used cars remained high, pushing up prices.
According to USS, the largest used car auction operator, the average winning price for used cars that the company mediated and closed in June was 1,079,000 yen.
It was 25% higher than the same month last year, and since 2000, when statistics can be traced back, it exceeded 1 million yen for the first time, the highest since February.
As production of new cars continues to decline due to restrictions on going out in Shanghai, China due to a global shortage of semiconductors and the spread of the new corona infection, the number of models that take more than half a year from ordering to delivery is increasing, and some cars are no longer receiving orders. As it is out, the high demand for used cars has pushed up prices.
According to experts, the demand for used cars exported from Japan is also increasing because the delivery of new cars is delayed for the same reason overseas.
Seiji Sugiura, a senior analyst at the Tokai Tokyo Research Center, who is familiar with the used car market, said, "There are some models that are as high as new cars. The high price of used cars will continue for a while because it takes time. "