Inflation

Used car inflation at lowest since pandemic

New figures shows inflation rose to 3.3 per cent in the third quarter from 0.9 per cent in the April to June period

Some 7,408 new electric vehicles (EVS) were registered in Ireland in the July to September period, representing a 22.1 per cent increase compared to the same period last year

The annual rate of inflation in the used car market fell to 10.5 per cent in the third quarter, the lowest rate since the pandemic, new figures show.

Price inflation increased to 3.3 per cent in the July to September period, as against a post-pandemic low of 0.9 per cent in the second quarter. However, the rise in prices didn’t impact the annual rate greatly.

Demand was up 2.4 per cent in the third quarter, which ...