Price of used cars up 56% — here's why your car is increasing in value

An increase of 7.7% in used car prices is among the trends detected in the DoneDeal car price index. File picture: Handout/PA

Car dealers have accused the Government of steering the used car market to a point where prices are now 56% higher than the start of the pandemic.

That figure is quoted in the latest DoneDeal car price index which says Covid restrictions and Brexit disruption have contributed to the surge. Its data shows used car prices have risen by 7.7% since last October alone.