Used car prices now 63.7% higher than pre-Covid levels

Brexit and global component shortages hit supply hard, while increased demand due to pandemic savings made car prices rise at record rates. File picture: Larry Cummins

Used car prices are now 63.7% higher than they were just before the onset of Covid-19.

According to a new report from DoneDeal, used car prices have risen consecutively by an average of 5.9% per quarter in the two years since the pandemic began.