Why are used cars so much more expensive than they were two years ago?

A 'perfect storm' of supply shortages and a lack of crucial parts has combined with Brexit, Covid-19 and taxes, meaning your euro won't go quite as far when it comes to buying a used car

The latest DoneDeal car price index pointed to Covid restrictions and Brexit as playing a key role in the rising prices, which have risen by 7.7% since October alone.

Why are used cars so much more expensive now than they were two years ago?

Car dealers say a “perfect storm” of circumstances has limited supply at a time when demand remains high.