Used car supply outpaces demand in northern Portugal

In northern Portugal, the demand for used cars rose by 4% in August compared to the same period last year, according to data from Standvirtual. During the same timeframe, the supply of vehicles increased by 10%, indicating that vehicle availability is growing at a faster rate than buyer interest.

To address these market shifts, Standvirtual is hosting training sessions, such as the Academia Standvirtual in Braga, to introduce industry professionals to digital innovation and operational efficiency. The program focuses on using artificial intelligence tools to optimize platform management, advertisement creation, and lead tracking to reduce operational effort and boost sales.