Comunicados de Imprensa
AUTO1 Group Price Index shows decreasing used car prices for third month in a row
5 April 2024
Berlin, 5 April 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. 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).
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 Contact
Christopher Rust
PR & Communications Manager Germany
Phone: +49 (0)151 280 398 31
Email: christopher.rust@auto1.com
Investor Relations Contact
Philip Reicherstorfer
VP Group Treasury
Email: philip.reicherstorfer@auto1.com