The latest AUTO1 Group price cut points to a decline in used car prices in September 2024, when the index fell from 137.3 in August to 136.8 in September, representing a decrease of 0.4%.
Year-to-date, the index fell from 142.0 in January to 136.8 in September, representing a 3.7% decline. Compared to last year, prices for cars with mileage fell by 7.6% from September 2023 to September this year.
Despite these falls, EU wholesale prices for used cars now remain 15.6% higher than before the COVID pandemic, based on data from September 2019, when the index stood at 118.3.
On the Ukrainian domestic car market, despite constant fluctuations and the influence of a number of external factors, average prices for used cars remain relatively stable for the third month in a row. However, if we move away from the averaged values, some trends have been identified by the analysts of the Institute of Car Market Research. In particular, if the entire array is divided into segments by fuel (or power type), a series of changes in the offer becomes noticeable: cheaper (older) cars are offered more often, the array of ads with more expensive ones is reduced. It stopped, and even changed to some increase in average prices in the segment of electric cars, and prices for passenger cars with hybrid power plants also rose slightly.
- 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.
Reference : the AUTO1 price index shows the monthly change in prices 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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