Mechanic industry
VEHICLE PRICE FLUCTUATIONS
According to AutoHebdo.net’s latest State of the Market study, new and used vehicle prices continue to move in opposite directions. New car prices continue to rise due to the ongoing shortage and steady demand. Used car prices, on the other hand, have been declining for the past six months, after peaking in June.
The month-to-month decline in average used vehicle prices appears to be related to several factors, including the increase in the number of used vehicles for sale and the current deteriorating economic environment. In the last quarter of 2022, the number of used vehicles for sale was up 27.5 % compared to the same period in 2021. While demand for used vehicles remains strong, there has been a slowdown in market pricing from the upper plateau that was sustained from mid-2020 to early 2022.
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