Used car prices in Europe have also continued to decline in 2024, -3.3 m/m in January and -0.6m/m in February.
Year over year, used car wholesale prices decreased by 5.3%, with the index moving from 149.1 in February 2023 to 141.2 in February of this year. Although used car prices decreased year over year, they are still 22.6% higher than before the COVID-19 pandemic compared to February 2019 with a value of 115.2.
