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Automotive Industry:Europe: Difference between revisions
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=== Used Cars === | === Used Cars === | ||
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. | 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: | [[File:0324 auto1 group index graph.png|alt=|center|thumb|915x915px|https://www.auto1-group.com/press/pressrelease/auto1-group-price-index-march-2024/]] | ||
==== March 2024 ==== | |||
The AUTO1 Group Price Index shows a continuous decrease for used car prices in 2024, dropping from 141.2 in February to 137.3 in March 2024 (-2.8%). After stable wholesale used car prices in 2023, with a slight decrease by 1.6% from January to December 2023, the first quarter of 2024 shows a more dynamic price environment. <ref>https://www.auto1-group.com/press/pressrelease/auto1-group-price-index-march-2024/</ref> | |||
* Year to date, used car prices have declined by -3.3%. | |||
* Year over year, used car wholesale prices decreased by 9%, with the index moving from 150.9 in March 2023 to 137.3 in March this year. Used car prices are still 18.3% higher than before the COVID-19 pandemic compared to March 2019 (116.1). | |||
==== January 2024 ==== | ==== January 2024 ==== | ||