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Wednesday, May 22, 2024
HomeTechnology NewsThe second-hand market reaches a valuation of 5.5 billion euros in 2023

The second-hand market reaches a valuation of 5.5 billion euros in 2023

The second-hand market in Spain, which has established itself as a key ally of the circular economy, has reached a valuation of 5.5 billion euros in 2023. Despite a year marked by inflation, more than 14.4 million ads have been published to sell all types of used products, with an average of 61,100 new ads per day on the platform Milanuncios.

This is estimated by a report created by this second-hand buying and selling platform, which shows that Most popular product categories are Home and Garden, Motor and Fashion and accessories, which together recorded more than 5.4 million new listings in 2023. And the most searched terms were “motorhome”, “bike”, “sofa” and “PlayStation”, which continue to be the queens of resale. With increases in the value of Apple products, as usual.

Besides, The bicycle continues to be the most demanded item in Milanuncios for the third consecutive year, followed by sofas and the Sony PlayStation console.

As expected, the report also details that When the most ads were published were the months of September, October and January, periods that usually coincide with those of highest consumption in homes. In addition, Andalusia, the Community of Madrid and the Valencian Community topped the list of territories with the most new announcements.

Second-hand market trends

The second-hand market has experienced a significant growth especially in the Motor and Fashion categories:

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  • Demand for vehicles, including cars and caravans, has increased by 20.4% compared to the previous year, although supply has not kept pace due to factors such as the current economic situation and the price of cars. new.
  • On the other hand, second-hand fashion has also seen an increase in demand, with a 74.7% growth in product searches. This growth is attributed to greater environmental awareness, the search for quality and competitive prices, and the trend to invest in high-end fashion, especially among the younger generations. The most searched brands include “Rolex”, “Louis Vuitton” and “Gucci”.
  • In addition, other categories such as Home and Garden, and Sports and Nautical have also seen an increase in interest.

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