Press Releases
AUTO1 Group Price Index shows stable used car prices in August 2024
Berlin, 29 August 2024
Berlin, 29 August 2024 - The AUTO1 Group Price Index indicates a slight increase in used car prices in August 2024, with the index moving up from 137.0 in July to 137.3 in August, marking a rise of 0.2 %.
Year-to-date, the index has decreased from 142.0 in January to 137.3 in August, reflecting a 3.3 % decline. On a year-over-year basis, used car prices have dropped by 6.9 % from August 2023 to August this year.
Despite these annual and year-to-date declines, used car prices remain 16.9 % higher than before the COVID-pandemic, as measured in August 2019 when the index was 117.5.
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. 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 used car. AUTO1 Group is operating in over 30 countries and generated a revenue of EUR 5.5 billion in 2023. 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 4.2 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.
Media Relations Contact
Christine Preyer
Director Communications & PR
Phone: +49 (0)175 64 59 192
Email: press@auto1-group.com
Investor Relations Contact
Philip Reicherstorfer
VP Group Treasurer
Email: philip.reicherstorfer@auto1.com