The price of used cars is rising

The price of used cars is rising

The demand for new cars is growing year by year despite the price increase, but there are also more and more people who choose cheaper options, used cars. However, their price is also increasing. Customers are looking for compact and fuel-efficient cars, regardless of the powertrain, as well as vehicles that are equipped with new technologies and more advanced safety systems.

According to data for 2023, the price of used cars in Europe increased between 13 and 18 percent compared to 2022, and the same can be expected this year. In cities, cars with automatic transmission will be more in demand, which is not a new thing, considering the growing demand for this type of gearbox. Talking about the type of vehicle, buyers still prefer SUVs.

Analyzes show that buyers will be more flexible in choosing a car, taking into account both practical needs and the available budget. Statistics already confirm that customers are increasingly looking for more fuel-efficient cars.

Also, the purchase of used cars is oriented towards online shopping. The reason for this is the great interest in digital platforms through which many different cars can be compared. It is an indisputable fact that vehicles with a proven maintenance history will continue to be more sought after and valued.