Wednesday, June 29, 2022
HomeLifestyleUsed car prices will 'not decline anytime soon' as demand for second...

Used car prices will 'not decline anytime soon' as demand for second hand cars is high


“If you go back to 2020, new car production ceased, absolutely stopped all around the world.”

Data company Indicata has recently revealed how used car prices have risen over the past year.

The data shows prices are up 28 percent in the first 11 months of 2021, the highest rise of any European country.

Stock levels have also fallen by around 17 percent on average as the number of used cars available on the market decreases.



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