The value of a normal car is one-way.
The act of driving away from a dealer itself erases a lump of cash from the value of the car, begins an unstoppable slip, and lasts for ten years or so, being scrapped as worthless scrap.
not anymore.
Used car prices have risen steadily in the turbulent months since the pandemic, due to the imbalance between supply and demand due to the crisis of the new coronavirus and chip shortages.
According to Cap Hpi, a data group that has been tracking live prices since 2012, the largest increase recorded before this year was 1% in February 2018, up 6.7% in May.
“Cars usually don’t go down in value,” said Delen Martin, head of evaluation for the data group. “But now cars are an investment.”
Price increases are felt across UK, German and US markets, and there are concerns that inflationary pressures may increase in other parts of the economy.
According to its main sales site, AutoScout24, used car prices reached record highs in Germany in April. The average price for the month was € 22,424, an increase of more than € 800 from the…
