In August 2023, wholesale prices for used cars in Europe remain stable, according to the AUTO1 Group price index. In comparison with June, prices became lower by 0.5% : 147.4 against 148.2.
The most expensive cars with mileage in Europe were a year ago — in July 2022. At that time , the AUTO1 Group price index was a record high for the entire monitoring period, at the level of 171.6. In August 2023, used car prices were the lowest in the past 12 months, down 13.6% from July 2022, but still 25.5% higher than before the start of the COVID-19 pandemic in July 2019 .
In general, the AUTO1 Group Price Index data show that the average prices for cars with mileage in Europe have stabilized and have not changed significantly since the beginning of the year for eight consecutive months. If we compare January and July, they slightly decreased by 1.3%.
The AUTO1 Group price index shows the monthly price change for used cars in Europe. The index is developed on the basis of the companyʼs database, which contains records of about 3.6 million auto sales transactions. In this way, you can see how the average price of cars changes. The starting point is January 2015 with a base value of 100, against which all further comparisons take place.
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