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AUTO1 Group Price Index: 2024 starts with a 3.3% drop in used car prices
5 February 2024
Berlin, 5 February 2024 - The year 2024 starts off with dropping used car prices. The AUTO1 Group Price Index, the European Used Car Price Report, showed a decrease of 3.3% in used car prices moving from 146.9 in December 2023 to 142.0 in January 2024.
Year over year, used car wholesale prices decreased by 4.9%, with the index moving from 149.3 in January 2023 to 142.0 in January of this year. However, used car prices are still 24.8% higher than before the COVID-19 pandemic. This decreasing evolution is in line with the market expectations. According to an online survey done by AUTO1 Group, amongst its B2B partner dealers1, the majority of European dealers (61.1%) believe that used car prices would decrease in 2024.
According to AUTO1.com’s latest survey among European partner dealers1, 7.6% of European used car dealers perceive the current price level as very positive for their business, while 38.0% of the dealers state that current used car prices impact their business in a very negative way. 54.4% of dealers perceive the current price level as neutral for their business.
1 AUTO1.com, B2B-brand within AUTO1 Group, ran an online survey from 1-6 December 2023, amongst more than 5,100 partner dealers in AUTO1.com main markets (DE, IT, FR, ES, BE, NL & PL)
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.
Media Contact Christine Preyer
Director PR & Communications
Phone: +49 175 64 59 192
Investor Relations Contact Marc Schellenberger
Head of Investor Relations
Phone: +49 (0)30 - 2016 38 213
AUTO1 Group Bergmannstraße 72 10961 Berlin Germany