Used Car Prices Still Almost Double Pre Pandemic Prices

Thursday, 13 July 2023 09:55

By Oisin Coyne

Car price inflation is finally beginning to slow, but prices are still 79% higher than before Covid-19.

Used car prices are still almost double what they were before the pandemic.

The latest DoneDeal index shows car price inflation is finally beginning to slow, but prices are still 79% higher than before Covid-19.

Electric vehicles and hybrids now account for just over half of new cars registered in Ireland, compared to just 18 percent in 2020.

Economist, Dr. Tom Gillespie, who compiled the report, says the number of cars available to buy is also increasing:

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