Automotive Industry:Europe: Difference between revisions

Automotive Industry:Europe (view source)

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 The AUTO1 Group Price Index shows the monthly evolution of used car prices across Europe. By analyzing AUTO1 Group’s database of around 3.6 million used car transactions Europe-wide, AUTO1 Group has developed a pioneering index to improve data transparency in the used car market and give insights into wholesale prices. The starting point of the AUTO1 Group Price Index is January 2015 with a reference value of 100. The AUTO1 Group Price Index is published on a monthly basis.
 [[File:1223 auto1 group index graph.png|alt=|center|thumb|915x915px|https://www.auto1-group.com/press/pressrelease/auto1-group-price-index-december-2023/]]
+==== January 2024 ====
+* The year 2024 starts off with dropping used car prices. The AUTO1 Group Price Index, the European Used Car Price Report, showed a decrease of 3.3% in used car prices moving from 146.9 in December 2023 to 142.0 in January 2024.<ref>https://www.auto1-group.com/press/pressrelease/auto1-group-price-index-january-2024/</ref>
+* Year over year, used car wholesale prices decreased by 4.9%, with the index moving from 149.3 in January 2023 to 142.0 in January of this year. However, used car prices are still 24.8% higher than before the COVID-19 pandemic.
+* Used car prices are down %17.2 from the peak.
 ==== December 2023 ====