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AUTO1 Group Price Index: Stable used car prices in May
Berlin, 7 June 2023
Berlin, June 7, 2023 In May, the AUTO1 Group Price Index, The European Used Car Price Report, continued to show stable wholesale used car prices in Europe. Moving from 148.7 in April to 148.3 in May, the index insignificantly decreased by 0.3%.
Year to date, prices show a stable trend, with a minor decrease from January to May by 0.7%. Compared to May one year ago, prices were 10.3% lower this year, but still 25% higher than four years ago in May 2019, before the COVID-19 pandemic.
“Including our latest May data, used car prices in 2023 so far have been quite stable and have moved sideways with little volatility between 148 and 151 index points,” says Moritz Lück, SVP Sales & Operations AUTO1 Group.
About AUTO1 Group
Founded in 2012, AUTO1 Group is a multi-brand technology company that is building the best way to buy and sell cars online. Its local European consumer brands like wirkaufendeinauto.de offer consumers the fastest and easiest way to sell their car. Its merchant brand, AUTO1.com, is Europe's largest wholesale platform for car trading professionals. With its retail brand Autohero, AUTO1 Group is using its technology, scale and operational excellence to develop the best consumer experience to buy a car online. AUTO1 Group is operating in over 30 countries and generated a revenue of EUR 6.5 billion in 2022. Following its successful IPO in February 2021, the group's shares are trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the trading symbol AG1 and the ISIN DE000A2LQ884.
About the AUTO1 Group Price Index - The European Used Car Price Report
The AUTO1 Group Price Index shows the monthly evolution of used car prices across Europe. By analyzing AUTO1 Group’s database of around 3.6 million used car transactions Europe-wide, AUTO1 Group has developed a pioneering index to improve data transparency in the used car market and give insights into wholesale prices. The starting point of the AUTO1 Group Price Index is January 2015 with a reference value of 100. The AUTO1 Group Price Index is published on a monthly basis. Please find the methodology here.