Comunicados de Imprensa
AUTO1 Group Price Index shows slight decrease in used car prices in the first half of 2024
28 June 2024
Berlin, 28 June 2024 - The AUTO1 Group Price Index indicates a slight uptick in used car prices in June 2024, moving up from 137.9 in May to 138.2 in June, marking a modest increase of 0.2 %. Despite this monthly rise, the year-over-year trend continues to show a decline, with used car prices falling by 9.2 % from June 2023 (152.2) to June this year (138.2). Year-to-date, the index moved from 142.0 in January to 138.2 in June, reflecting a 2.7 % decrease.
Used car prices are still 16.6 % higher than before the COVID-pandemic, measured in June 2019 when the index was 118.7.
"The first six months of 2024 showed a slight decrease in used car prices. This development is in line with what our partner dealers expected for this year, according to an online survey1we did amongst more than 5,100 dealers at the end of last year, where the majority stated they expect prices to decline throughout 2024. It is particularly interesting that diesel vehicles have remained remarkably stable in price in the first half of the year"- comments Moritz Lück, SVP Sales & Operations 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. 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
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Phone: +49 (0)175 64 59 192
Email: press@auto1-group.com
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Philip Reicherstorfer
VP Group Treasurer
Email: philip.reicherstorfer@auto1.com