Used car prices hit two-year highs


The successive crises over the past three years have dried up the new car market and, by extension, the second-hand car market. Vincent Isore/IP3

DECRYPTION – A lull began to be felt late last year for newer vehicles.

The used car market has just gone through a period of madness. Their prices have reached two-year highs. From January 2020, which corresponds to the pre-Covid period, to December 2022, they increased by 43.7% on average, according to data provided by sellers on La Centrale. To build its indicator, the platform dedicated to used vehicles relies on the hundreds of thousands of offers published each quarter.

This unprecedented increase is linked to the numerous crises that have followed one another for almost three years and which have had the effect of drying up the new car market and, by extension, that of the second-hand car market. Indeed, the production and delivery of new vehicles usually maintains the fluidity of the second-hand car market. Buyers of new vehicles – rental companies, companies or individuals – resell their old models, which feeds the second-hand market.

But, in recent years, the mechanics have seized up. The closures…

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