Used car prices nearly 70% higher than pre-pandemic — DoneDeal

Demand for cars in the last three months of 2022 fell by 17% quarter-on-quarter

Figures from the end of 2022 show year-on-year growth of car prices at over 16%

Car price inflation has skyrocketed since the onset of Covid-19, with the last quarter of 2022 showing increases of just under 70% since February 2020.

Figures from the end of 2022 show year-on-year growth of car prices at over 16%, however, according to DoneDeal, the last three months have shown price inflation to slow down to a "more normal level."