AUTO1 Groupʼs latest price cut points to a small increase in wholesale prices for used cars in Europe in August 2024, with the index rising from 137.0 in July to 137.3 in August, representing a slight increase of 0.2%.
Year-to-date, the index fell from 142.0 in January to 137.3 in August, representing a 3.3% decline. Compared to last year, used car prices fell by 6.9% between August 2023 and August of this year.
Despite the year-over-year decline, and the year-to-date decline, used car prices remain 16.9% higher than before the COVID pandemic, as of August 2019, when the index stood at 117.5.
On the Ukrainian domestic car market, despite constant fluctuations and the influence of a number of external factors, average prices for used cars remained relatively stable. However, if we move away from the averaged values, still some trends of analytics of the Institute of Car Market Research have been discovered. In particular, in the case of dividing the entire massif into segments by fuel (or type of power supply), a noticeable decrease in average prices for cars with hybrid power plants, and an even greater decrease in prices for electric cars, which continues to this day.
- You can learn more about the state of the Ukrainian car market and the dynamics of price changes on it from the recently published IDA study, which is available at this link.
For reference : the AUTO1 price index shows the monthly price change for used cars in Europe. It is determined on the basis of an analysis of more than 3.6 million sales of cars with mileage across Europe. The starting point for this index is January 2015, with a base value of 100 against which all subsequent values are determined.
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