Car Auction

Millennials are the biggest buyers of vehicles at auction.

Unlike the "Cringes," the Millennial generation is the champion in buying vehicles at auctions across Brazil!

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Millennials are price-conscious and place a higher value on money.

Last week, the debate about generations intensified. The younger, "Cringe" generation doesn't seem to care much about cars, while the millennial generation is the most involved in... vehicle auctions in Brazil Nowadays. 

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Following the trend of different generations, our experts conducted a quick and interesting survey to analyze generational behavior when it comes to buying a car. 

Let's check it out and further fuel this heated debate? 

So, off we go! 

The millennial generation is the one that most frequently searches for vehicle auctions.

What exactly is the millennial generation? You might be wondering. 

This generation includes people between the ages of 18 and 40. In other words, an older audience with a mindset that literally values money. 

After some research, we've found that millennials are the biggest buyers at auction. 

Last year, they were responsible for purchasing more than 26,000 vehicles, showing a strong preference for online auctions, likely due to the pandemic that is sweeping the world. 

Generation X is in second place.

The data also reveals that Generation X occupies second place in auction purchases. 

This generation includes an older population, aged between 41 and 65 years old. 

In this case, Generation X accounted for approximately 18,000 car auction purchases. 

Senior citizens complete the podium.

And rounding out the top three generations that buy the most vehicles at auction, we have senior citizens, aged between 66 and 85. 

This group was responsible for the sale of nearly 700 vehicles during that period. 

The Cringe Generation doesn't care about cars.

And lastly, we have the Cringe generation, who don't care much about vehicles or don't yet have the money to buy them. 

Those born between 1995 and 2010 belong to this generation. 

Unlike the millennial generation, the reason why the "Cringe" crowd doesn't appear on the list clearly relates to their age and also to the fact that they are affected by the high unemployment rate in Brazil. 

Demand for vehicle auctions is growing.

This search for cars auction It is primarily motivated by the lower price, since vehicles advertised at auction can cost up to half the price of the... FIPE Table. 

This means that the value of a car at auction, when compared to models available at dealerships and parking lots, justifies the investment, even if there are outstanding paperwork or fines that need to be paid by the winning bidder. 

Cresce o número de pessoas buscando por leilão de carro
The number of people searching for car auctions is growing.

Another factor that has significantly increased the demand for car auctions is the escalating price surge.

Both brand new vehicles and used and nearly new vehicles have been showing increasingly higher prices. 

Therefore, for those who value the hard-earned money they make these days, choosing to buy at auction is more than natural. 

And since the millennial generation is currently being crushed, it makes perfect sense that they are the ones buying the most vehicles across Brazil!

Conclusion

Whether you're a millennial or any other generation, we at Senhor Carros guarantee: 

Buying vehicles at auction is an excellent alternative for those seeking quality vehicles and wanting to pay a lower price. fair price

And if you're looking to buy a car at a fair price, know that we can help you with that too. 

After extensive and detailed research, our experts have selected 10 safe and reliable car auction options for you to bid on your vehicle.

Intrigued? Want to know more? Then just click the button below! 

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The 10 best car auctions

Discover the 10 best car auctions to snag your vehicle at a great price.

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