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Croatia has one of the smallest new car populations in Europe - experts reveal the benefits Canva

Croatia has one of the smallest new car populations in Europe - experts reveal the benefits

Written by  Jun 01, 2022

Croatian drivers are least likely to own a new car model, with just 19.28 new vehicles per 1,000 people registered in the last 2 years.

That’s according to new research by Confused.com (Q1 2022), which analyses Eurostat (1) data to determine the European countries with the smallest proportion of new vehicles. 

The results:

Country

% of registered vehicles less than 2 years old

Avg number of new vehicles per 1,000 people

Romania

4.96%

6.31

Turkey

10.85%

7.83

Latvia

3.19%

13.52

Estonia

5.51%

15.99

North Macedonia

2.21%

16.58

Hungary

5.29%

18.87

Croatia

7.09%

19.28

Czechia

10.13%

20.26

Finland

7.05%

20.95

Portugal

7.21%

22.55

Spain

9.93%

22.80

Ireland

22.54%

23.69

Netherlands

14.93%

26.53

Italy

9.25%

28.56

Slovenia

8.12%

28.99

Croatian drivers rank 7th

With an average of just 19.28 new vehicles per 1,000 people, Croatian drivers are seventh-least likely to own a new car. This means that just 7.09% of cars on the road in Croatia are less than 2 years old. 

Romanian vehicle owners are least likely to own a new car

According to the data, Romania has the smallest new car population. Confused.com found that there were just 6.31 new cars per 1,000 people in Romania, on average. This equates to 4.96% of registered vehicles, meaning that just 1 in 20 cars on the road in Romania are less than 2 years old. This is 66% less than neighbouring country, Hungary (18.87 per 1,000 people). With newer cars depreciating in value quicker, having an older car can often be beneficial to drivers.

With an average of just 7.83 new vehicles per 1,000 people, Turkish drivers are second-least likely to own a new car. This means that just over one in 10 (10.85%) of cars on the road in Turkey are less than 2 years old.  When compared to countries with similar population size, this is almost 5 times less than Germany (39.40 new vehicles per 1,000 people).

With newer cars typically being more expensive to insure, drivers in Latvia could have lower car insurance. There are only 13.52 new cars per 1,000 people in Latvia, accounting for just 3.19% of all registered cars on the road. This is 15% fewer new vehicles than in Estonia in fourth.

Older cars are easier to buy outright, meaning vehicle owners in Estonia could have less vehicle debt than other Europeans. There are 15.99 new vehicles per 1,000 people, meaning just over 1 in 20 (5.51%) vehicles are less than 2 years old. This is 3% less than North Macedonia, which placed fifth (16.58 per 1,000 people).

Alex Kindred, car insurance expert at Confused.com, comments: “Owning an older or second-hand car can be more economically viable than owning a new one for a number of reasons.

“First, you lose less money to depreciation when buying a used vehicle. Most depreciation happens in the first 3 years of the car’s life, so buying one over 3 years old could save you some money. Most dealerships also offer a warranty, meaning you don’t have to fork out of your own pocket for this period, should you need a repair.

“Second, the value of a car is a key factor in how much you could be paying for your insurance. If the vehicle is older and therefore worth less than a brand new model, your insurance could reflect this. The only way to know if you’re getting the best price is to compare car insurance prices. This way you have an estimation on how much you could be paying before you commit to buy.”

 

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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