Motoring
Used car prices may finally be levelling off following 70% surge
Prices soared during Covid, but DoneDeal said this is now being replaced by more ‘normal’ price growth
Price inflation of used cars may be returning to “normal” levels after an extraordinary surge during the pandemic, according to DoneDeal.
The latest Car Price Index from the online listing service, which analyses the value of cars advertised on its own site, found typical prices for used cars were 70 per cent higher at the end of 2022 compared to February 2020.
On an annual basis, prices were 16.2 per cent higher compared to the ...
