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AUTO1 Group Price Index: Used car prices decreased slightly in April
Berlin, 5 May 2023
Berlin, May 5, 2023 – The AUTO1 Group Price Index, the European Used Car Price Report, shows slightly declining wholesale used car prices in April 2023. The index declined by 1.4% compared to March 2023, moving from 150.9 to 148.7.
After a slight increase of 1% from January to March the index now slightly decreased in April 2023 to 148.7 which represents a decline of 8.5% compared to April one year ago. Year to date, prices stayed mostly stable overall from January to April with a slight decrease of 0.4%.
The index is still at elevated levels compared to before the COVID-19 pandemic. In April 2019, the index was at 117.5 which was 26.6% lower compared to April 2023.
“So far 2023 shows stability in trading prices. After rather steep price corrections in Q4 2022, this may come as a relief for professional used car dealers and consumers alike. Year over year prices have come down from 2022, but are still higher than in 2021,” explains Moritz Lück, SVP Sales & Operations at AUTO1 Group.
About AUTO1 Group
Founded in 2012, AUTO1 Group is a multi-brand technology company that is building the best way to buy and sell cars online. Its local European consumer brands like wirkaufendeinauto.de offer consumers the fastest and easiest way to sell their car. Its merchant brand, AUTO1.com, is Europe's largest wholesale platform for car trading professionals. With its retail brand Autohero, AUTO1 Group is using its technology, scale and operational excellence to develop the best consumer experience to buy a car online. AUTO1 Group is operating in over 30 countries and generated a revenue of EUR 6.5 billion in 2022. Following its successful IPO in February 2021, the group's shares are trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the trading symbol AG1 and the ISIN DE000A2LQ884.
For more information please visit www.auto1-group.com
About the AUTO1 Group Price Index - The European Used Car Price Report
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. Please find the methodology here.
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