Used Car Prices for Small Cars and Compact Vehicles Decreased

Some vehicle types experienced losses in used car prices, while others saw price increases. Small cars became cheaper, while vans became more expensive. This data comes from the AutoScout24 Used Car Price Index. In the first half of the year, small and compact cars generally became cheaper, while vans were more expensive due to demand trends, such as during the holiday season. Overall, however, the market remains stable, according to Nikolaus Menches, Country Manager of AutoScout24 in Austria.

Used Car Prices: Noticeable Decline in Small and Compact Vehicles

In June, buyers of smaller vehicles could enjoy lower used car prices. The average price of a small car was 14,883 euros, which is 674 euros less than at the beginning of the year - a decrease of 4.3 percent. Prices for compact cars also slightly decreased, standing at 21,110 euros, which represents a decline of 1.5 percent. In the mid-range, the price decrease was 213 euros or 0.8 percent. In contrast, prices for vans and minibuses increased significantly. Since the beginning of the year, they have risen by 2,208 euros and cost an average of 27,222 euros. These popular vehicles for travel time thus recorded the largest increase of 8.8 percent.

High-Priced Segments with Stable Used Car Prices

In the higher vehicle segments, used car prices remained essentially unchanged. Models from the upper mid-range became 1.5 percent cheaper, while luxury class vehicles increased. Prices rose on average to 65,839 euros, which is an increase of 889 euros or 1.4 percent compared to January. SUVs and off-road vehicles have seen hardly any changes since the beginning of the year. With a slight decrease of 22 euros or 0.1 percent, this segment has remained almost stable. In the luxury sector, prices for sports cars slightly decreased. With an average price of 78,190 euros, they are 2.0 percent below the value of January.

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