Used cars on the Czech market have risen in price by up to 25 percent since the beginning of April. Traders expect further growth in the coming months. The reason is the lack of new cars and increasing their prices, which in turn affects the prices of used cars.
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In the first quarter, the average price of second-hand used cars was 234,000 crowns. This follows from the current information of large car bazaars for ČTK.
According to the CEO of Aures Holdings, the cars on the market have risen by up to 15 percent in the past six weeks or so. “We have not remembered such a turbulent situation for a long time. Due to the factors that affect prices, it can be expected that prices will continue to rise.
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According to representatives of the Louda Auto + dealer, there is also a deferred demand on the market from the time of the closure of used cars due to coronavirus. This is exacerbated by the increased interest in buying a car before the main holidays. The lack of used goods is also due to their export abroad.
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“If someone is planning to buy a used car for the holidays, for example, they should do so now, because in the summer prices will certainly be even higher and the offer of cars, on the contrary, lower,” added Robert Imling, director of used car sales Louda Auto +.
The number of used cars offered in advertisements and used cars increased by 13,500 to 114,100 cars in May compared to April.
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