AUTO1 Groupʼs latest price cut showed that wholesale used car prices remained stable in October 2024. And although the price index slightly changed from 136.8 in September to 136.9 in October, which reflects a minimal increase of 0.1%, such a state can be considered stable.
Year-to-date, the index fell from 142.0 in January to 136.9 in October, representing a 3.6% decline. Compared to last year, used car prices fell by 7.4% from October 2023 to October of this year.
Despite these drops, used car prices remain 16.1% higher than before the COVID pandemic, as measured in October 2019, when the index stood at 117.9.
On the Ukrainian domestic car market, despite constant fluctuations and the influence of a number of external factors on it, average prices for used cars remained relatively stable for the third month in a row. However, if we deviate from the averaged values, some trends have been identified by the analysts of the Institute of Car Market Research — you can learn about them at this link. And soon we will release a fresh price cut based on the results of October — so do not forget to subscribe to our Telegram channel to be among the first to know about the release of this important information.
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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.
