The latest AUTO1 Group price cut showed that wholesale used car prices remained stable in November 2024. Small changes did occur, with the index moving from 136.9 in October to 137.2 in November, reflecting a minimal increase of 0.2%.
Since the beginning of the year, the index has changed from 142.0 in January to 137.2 in November, reflecting a decrease of 3.4%. Compared to last year, used car prices fell by 6.4% between November 2023 and November of this year.
Despite these drops, used car prices remain 16.9% higher than before the COVID pandemic, as measured in November 2019, when the index stood at 117.4.
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 remain relatively stable for the fifth 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.
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Reference : the price index AUTO1 shows the monthly change in prices for used cars in the EU. 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.
