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
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 ...