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AUTO1 Group Price Index: Slight decrease of used car prices in July 2023
Berlin, 7 August 2023
Berlin, August 7, 2023 - The AUTO1 Group Price Index, The European Used Car Price Report, shows a continuous stabilization of wholesale prices in July 2023. The index slightly decreased by 2.6% in July, with the index moving from 152.2 in June to 148.2 in July.
Exactly one year ago, in July 2022, the AUTO1 Group Price Index marked the highest value in the entire index history, with a value of 171.6. The index of July this year marked the lowest index value since then. The used car prices were 13.6% lower in July 2023 compared to July 2022, but still 25.6% higher than before COVID-19 pandemic in July 2019.
AUTO1 Group Price Index data shows a stable price environment for the seventh month in a row. Year to date, prices stayed flat from January to July with a slight decrease by 0.7%.
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.