Used car prices starting to fall for the first time in a year
2 years, 4 months ago

Used car prices starting to fall for the first time in a year

NL Times  

Second-hand cars have finally become cheaper again after more than a year of price increases, said sales platform AutoScout24. AutoScout24, which claims to be the online market leader in the Dutch car buying and selling market, said that now that people can finally enjoy summer without coronavirus restrictions again, it is obvious that they will spend more money on a holiday. In the years before the pandemic, the platform also noticed that prices fell slightly in the summer because people were somewhat less likely to go looking for a new or used car. With an average price of 27,361 euros, Germany still has almost the highest used car price of the European countries AutoScout24 keeps track of.

Car Price Fell  summer  car  used  starting  price  fell  platform  prices  average  slightly  euros  month  secondhand  fall

History of this topic

Lower auto prices are giving Americans a break after years of inflation
9 months, 3 weeks ago

Lower auto prices are giving Americans a break after years of inflation

Associated Press  

DETROIT — Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle. In January, automaker discounts on new vehicles, including rebates and low-interest financing, averaged $1,469 per vehicle — five …

Lower auto prices are finally giving Americans a break after years of inflationary increases
9 months, 3 weeks ago

Lower auto prices are finally giving Americans a break after years of inflationary increases

LA Times  

Automobile prices, which had been fueling inflation in the U.S., are starting to drop, helping to slow overall consumer price increases and giving buyers hope of getting a deal. Even with prices edging down, Ivan Drury, director of insights at Edmunds, doesn’t foresee sales of new vehicles rising dramatically this year. Unlike with new vehicles, there’s still a limited supply …

Used car prices rise to new record in December
1 year, 11 months ago

Used car prices rise to new record in December

NL Times  

The average price for a used car rose to a new record high in December. Automotive branch organization BOVAG also said it observed the continued rising prices for second-hand cars. Furthermore, the sales of new vehicles were under pressure last year due to a worldwide shortage of computer chips compounded with delivery problems. According to Autoscout24, the prices for used …

Auto prices finally begin to creep down from inflated highs
2 years, 1 month ago

Auto prices finally begin to creep down from inflated highs

Associated Press  

DETROIT — All summer long, Aleen Hudson kept looking for a new minivan or SUV for her growing passenger shuttle service. Hudson made her purchase just as the prices of both new and used vehicles have been inching down from their eye-watering record highs and more vehicles are gradually becoming available at dealerships. With higher prices and loan rates combining …

Auto prices finally begin to inch down from inflated highs
2 years, 1 month ago

Auto prices finally begin to inch down from inflated highs

LA Times  

Inflated car prices have begun to decline — but not by much. Hudson made her purchase just as the prices of both new and used vehicles have been inching down from their eye-watering record highs and more vehicles are gradually becoming available at dealerships. With higher prices and loan rates combining to push average monthly payments on a new vehicle …

Record used car prices: 10 best-sellers are up to 53% more expensive
2 years, 10 months ago

Record used car prices: 10 best-sellers are up to 53% more expensive

Daily Mail  

Britons face a cost of living crisis and used car prices escalating to unprecedented highs is yet another unwelcome financial burden on licence-holders. BMW 3 Series - 39% rise Sales in 2021: 175,190 Avg price Feb 21: £14,687 Avg price Feb 22: £20,369 £ increase: £5,681 The price of a used BMW 3 Series has increased by almost two fifths …

Why car prices remain so stubbornly high
2 years, 11 months ago

Why car prices remain so stubbornly high

CNN  

New York CNN Business — Relief from record high auto prices could be coming soon. Used car prices ended the year with an average price of nearly $30,000, up about $6,800 — or 29% — from a year earlier. Pat Ryan, founder and CEO of CoPilot, a car buying app, said that used car prices are already showing signs of …

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