An answer to this question is given by the group price index AUTO1, which points to a slight decline in used car prices in May 2024, decreasing from 138.0 in April to 137.9 in May 2024- a, which is a decrease of only 0.1%.
The annual downward trend continues, with used car prices falling 7% from May 2023 (148.3) to May this year (137.9). Since the beginning of the year, the index has changed from 142.0 in January to 137.9 in May, reflecting a decline of 2.9%.
However, used car prices are still 16.4% higher than before the COVID pandemic, measured in May 2019, when the index was 118.5. And although the reasons for these phenomena are different, the prices of vehicles imported from European countries in our country remain stable.
The AUTO1 price index shows the monthly change in used car prices in Europe. It is determined based on an analysis of more than 3.6 million mileage car sales across Europe. The starting point for this index is January 2015 with a base value of 100 against which all subsequent values are determined.