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AUTO1 Group Price Index: Used car prices increased slightly in June
Berlin, 5 July 2023
Berlin, July 5, 2023 - The AUTO1 Group Price Index, the European Used Car Price Report, shows slightly increased used car prices in June 2023. The index increased by 2.6% compared to May, with the index moving from 148.3 in May to 152.2 in June. The June index value is the highest one for used car prices in the first half of this year.
However, the slight increase in June is in line with the rather stable price environment AUTO1 Group has observed over the past six months, with prices increasing by only 1.9% from January to June.
The used car prices of June this year were 10.2% lower compared to June of the previous year, where the index value was 169.5.
“After the price peak and then record decline in 2022, the European used car market remains on a remarkably stable wholesale price level since the beginning of this year. Our June index data shows a small upward movement in times of historically low price volatility,” says Moritz Lück, SVP Sales & Operations at 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.