The purchase of used cars has increased by an average of 8,000 euros in the past two years. The big demand is now waning slightly.
Those looking for a used car had to pay an average of no less than 28,280 euros in October. That was EUR 430 more than in September and even EUR 8,000 more than two years ago, according to an analysis by the Internet portal AutoScout24.
- Even for cheap small cars, the price increase is drastic: they have become 2100 euros more expensive in a year and recently cost an average of 15,830 euros.
- Used mid-range cars are currently being asked on the market for €26,260, SUVs (about €35,500) and luxury cars (€64,000) – and sports cars (about €66,800) then raise the average again significantly to the appropriate €28,000.
“There are still too few used vehicles available, causing prices to continue to rise, with phantom prices being requested in some cases. However, the demand is currently weakening somewhat,” confirms car dealership chairman Klaus Edelsbrunner. Many would now rather store fuel oil or save for electricity bills, he suspects. According to Edelsbrunner, anyone who needs a car quickly, despite the hefty costs, can hardly get around a used car.
New cars often have a delivery time of four to six months to a year. In some cases, there simply weren’t enough truck drivers to take vehicles from the manufacturer to the dealer. This is also a problem with the supply of spare parts.
With e-cars, it’s a little different: according to AutoScout24, nine percent more used models were offered for sale, but demand fell by four percent. Demand for cars with hybrid powertrains, as well as diesel and petrol engines, fell to five percent in October.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
