Car ownership
Secondhand car prices rise last month
Prices in the secondhand car market had dropped for almost seven straight months, but started to pick up again in February, according to representatives of the industry.
Used car prices plunged nearly 25 percent since June last year for nearly seven months in a row but the rate of decline slowed in January. However, they increased last month, industry insiders said.
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Demand shifting to second-hand cars
Potential buyers are increasingly turning to second-hand cars since there is shortage of new vehicles in the market due to the global shortage of semiconductors.
But in the face of the strong demand, the prices of those vehicles are rising fast.
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Second-hand car prices rise amid chip shortage
Due to a global shortage of semiconductors, it has become increasingly difficult to find a new car, while second-hand vehicles in dealers' inventories are depleting fast.
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New trustworthy web portal for used cars available
Ljubljana – The sales of used cars in Slovenia are three times bigger than those of new cars, but information about second-hand cars is often poor. The Slovenian Automobile Association (AMZS) has now set up a new web portal for used cars that offers trustworthy information about the vehicle and its history.
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Bulgaria: Prices of Second-Hand Cars Expected to Rocket amid Pandemic
Second-hand car dealers expect their prices to rise significantly due to a lack of imports, BNR reported. The main resons are the Covid crisis and the restrictions on the operation of various businesses.
Higher prices of used cars in Serbia?
If Germany changes its Law on Warranties, currently one of the hottest issues in the European economy could affect used cars arriving in Serbia from Germany to become 10 to 20 percent more expensive.
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