New maximum level for used car prices reached

On average almost 22.000 euros

New maximum level of used car prices – these are the reasons

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According to the Autoscout24 used car price index, the average mark of 22 was for the first time in March.Exceeded 000 euros. Site explains the background.

22.258 euros were issued on average last month for the used car purchase in Germany. This increased the prices by around 1000 euros compared to the previous year, the Autoscout24 portal has investigated. In February 2021, the average of the prices of used cars was still around 300 euros below the level of March.

New maximum level for used car prices reached-level
Autoscout24 Used car price index from Autoscout24

According to the used car price index, the prices in the segment of the used upper-class cars have risen the most. Here the prices rose to an average of 56.055 euros and cost three percent more compared to the previous month. "The demand for used cars is still unbroken in Germany," says Jochen Kurz, Director Product at Autoscout24 with a view to the current average used car price. “There is also an overall scarce offer. This continues to increase the prices."

Reason for the climb

Autoscout24 assumes that the unbroken high demand for used cars is the background of the price increase. In addition, there is a total of scarce offer. In addition, younger and newer used cars are offered, which are therefore more expensive.

New maximum level for used car prices reached-maximum
Autoscout24 Development of the range of user electric cars

In addition to the youngtimers, the segment of zero to one-year-old vehicles was also the only segment in which the offer has increased. Another reason for the price increase of the used cars is the increasing range of used electric vehicles – these are usually higher -priced.

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High demand, little supply

In almost all segments out of annual cars and youngtimers, the offer tends to decrease – within the various segments there is partly a decline of eight percent. Especially in the minibus and vans segment, significantly fewer vehicles were offered. A decline can also be observed with regard to the age of the different vehicles. Potential buyers for vehicles with the age of three to five years had to make do with around seven percent less offer.

New maximum level for used car prices reached-reached
Autoscout24 Price development according to vehicle and old-age segments

The falling supply faces increasing demand. Sports and small cars in particular are currently particularly popular. Here the demand rose by six to eight percent. Possible explanations: In the course of the debate about petrol bans and politically prescribed emobility, the desire of many purchases for PS strong fun cars grows. Small cars with economical engines, in turn. If you still want a non-Elecrical small car, you will find fewer models year after year.

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Incidentally, the climb cannot be broken down to individual car brands: "A price increase according to brands in general is difficult to look at, since each brand has a variety of models of different price ranges", Such a spokeswoman for autoscout24.

New maximum level for used car prices reached-level
Autoscout24 Price increase in used cars depending on the federal state

Regional differences

It can generally be said that the prices for used cars have risen across Germany. Nevertheless, there are regional differences. Used vehicles are particularly high -priced in Bavaria or Hamburg. However, the prices in Saarland or in Brandenburg are less increasing, as a statistics from Autoscout24 show.

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