Brexit, Covid-19, and war combine to push used car prices to record new heights

Compared to used car prices at the onset of the Covid-19 pandemic in March 2020, current prices are up a staggering 53% 

On DoneDeal, searches for for electric vehicles increased increased 218% over the last year. File Picture

The price of used cars in Ireland increased by 7.9% during the first three months of this year — the tenth consecutive quarter in which they have risen.

According to a new report from DoneDeal, the impact of Brexit on the market, the Covid-19 pandemic and associated supply chain issues, and the ongoing conflict in Ukraine have together driven "unprecedented" price increases on used cars.