Dublin: Second-hand car prices continue to soar. In the first three months of this year, prices increased by 4.6%. According to Donedeal data, used car prices have risen by 77.5% since March 2020, during the COVID-19 period.
Donedeal data reveals that demand for used cars increased significantly between December 2022 and March 2023. In January, it increased by 21%, and in February, it increased by 15.5%. However, there was no significant increase in car supply. It was just 5.3%.
There was also an increase in the import of used cars. There was a 6.4 percent increase. During this time, 12,385 vehicles were imported. This is the first annual increase since 2019. Imports of used cars from the UK also fell significantly, down 32.7% compared to the first quarter of 2020.
Imports of used cars from the UK were at 93.6% earlier. Used car imports to Ireland fell by 53.5% compared to the first three months of 2019, the figures show.
58,107 new cars were registered in the country in the first quarter of this year. This represents a 16.5% increase over the previous year. Electric vehicle sales have increased dramatically, according to data. In the first quarter, 9303 EVs were registered in Ireland. This is almost a 50% increase from last year.
Irish Samachar English News
Kindly click the link below to join WhatsApp group chat to get important news and breaking news from Irish Samachar.
Comments are closed.