The price of a used car has risen 29% year over year and prices are now 63% more expensive than before the Covid-19 pandemic. That’s according to new data published by DoneDeal.ie on Thursday.
In the two years since the start of the pandemic, prices have risen at an average quarterly rate of 5.9%. In the two years before the pandemic, the average quarterly inflation rate was just 0.8%.
In the second quarter of 2022, prices are now 63.7% higher than just before the start of COVID-19, with an annual inflation rate of 29% year-on-year.
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