Press Releases
Used car prices declined in 2024 with dealers expecting more decreases in 2025, further boosting affordability
Berlin, 15 January 2025
Berlin, 15 January 2025 – The AUTO1 Group Price Index, the European Used Car Price Report, shows that used car prices decreased by 3.3% in 2024, from an index value of 142.0 in January to 137.3 in December.
Month-over-month, used car prices remained stable in December 2024, with the index moving slightly from 137.2 in November to 137.3 in December (+0.07%). Year-over-year, used car prices dropped by 6.5% from December 2023 to December 2024. Despite these declines, used car prices remain 17.1% higher than before the COVID-pandemic, as measured in December 2019 when the index was 117.3. The starting point of the AUTO1 Group Price Index is January 2015 with a reference value of 100.
Growing optimism amongst used car dealers as price levels boost affordability
According to the results of a recent AUTO1.com survey among European partner dealers1, only a minority (11.0%) of used car dealers state that the current prices impact their business in a very negative way, that is 27 percentage points less compared to a year ago. 30.7% of dealers perceive the current price levels as very positive for their business compared to 7.6% a year ago, which is 23.1 percentage points more. This improved positive sentiment is led by France, where most responding dealers (39.0%) declare a positive impact of used car prices, followed by Spain (35.0%) and Poland (34.5%). In line with last year's results (54.4% of respondents), the majority (58.3%) of dealers in the latest AUTO1.com survey state that current price levels are neutral for their business and do not impact them.
"During last year’s survey2, used car dealers across Europe predicted a decline in used car prices for 2024,” says Moritz Lück, SVP Sales & Operations of AUTO1 Group. Reflecting on the current positive sentiment around price levels he continues: “We expected that lower prices would enhance affordability, ultimately driving more used car transactions in the market. The fact that nearly 90% of our European partner dealers report that current price levels either have no impact or positively contribute to their business underscores the importance of affordability in the used car market.”
Used car dealers expect continued price decreases in 2025
More than a third (34.6%) of the survey participants think that used car prices will remain stable in 2025 (compared to 25.9% the year before) and over 21% of dealers think that prices will increase this year (compared to 13% last year). Almost half of European used car dealers (44.0%) anticipate that used car prices will decrease in 2025, that is 12.9 percentage points less compared to last year.
"We share our partners' optimism and remain deeply committed to their success. Our teams are more motivated than ever to develop innovative solutions that empower our partner dealers to buy and sell cars with even greater efficiency and ease in the year ahead," says Moritz Lück, SVP Sales & Operations of AUTO1 Group.
1 AUTO1.com ran an online survey in December 2024 on its platform with a total audience of more than 7,200 European partner dealers participating in the survey in its main markets (DE, IT, FR, ES, BE, NL, PL & SE)
2 AUTO1 Group Press Release, 12 January 2024: “AUTO1.com survey: Used car dealers are expecting prices to decline in 2024, making used cars more affordable”: https://www.auto1-group.com/press/pressrelease/auto1-group-price-index-december-2023/
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.
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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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