'Unprecedented price inflation': Used cars 79% more expensive than pre-pandemic levels

📆 7/13/2023 10:05 AM
📰 thejournal_ie

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 50%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

That’s despite the annual rate of inflation slowing to 10.7% in Quarter 2 of this year, down from an annual rate of 26.6% in Q2 of last year.

THE USED CAR market has experienced “unprecedented price inflation”, with prices 79% more expensive than pre-pandemic levels.

“This was coupled with a 7.7% increase in the stock of used cars on DoneDeal and hence had a stabilising effect on prices,” added Gillespie. ‘Growing market’ The DoneDeal report for Q3 of 2023 also found that the market for new cars and electric vehicles is growing.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Car Car Latest News, Car Car Headlines