Used Car Prices in Europe Decline: Positive Outlook for 2025

Used car prices in Europe dropped by 3.3% in 2024. Despite the decline, European car dealers remain optimistic: lower prices are making vehicles more affordable and could boost sales. For 2025, many dealers anticipate price stabilization or even further decreases.

Used Car Prices: Trends in 2024

According to the Auto1 Group Price Index, used car prices fell from 142.0 points in January to 137.3 points in December 2024, marking a 3.3% decrease. Compared to December 2023, the decline reached 6.5%. Despite these reductions, prices remain 17.1% higher than pre-COVID-19 levels, maintaining a historically elevated benchmark.

Dealers Benefit from Lower Prices

A survey by Auto1.com revealed that 30.7% of dealers view current price levels as beneficial for their businesses, a significant increase compared to the previous year. Dealers in France (39.0%), Spain (35.0%), and Poland (34.5%) are particularly optimistic, reporting positive effects from the more affordable pricing.

Forecast for 2025: Stability or Further Price Drops

Looking ahead to 2025, 44.0% of surveyed dealers expect further price decreases, while 34.6% anticipate stable prices. Only 21.4% believe prices will rise. However, the overall trend of lower prices is seen as an opportunity to drive higher sales volumes and meet rising consumer demand.

Conclusion: Falling used car prices offer attractive opportunities for both dealers and buyers. While the market remains dynamic, the increased affordability of vehicles is expected to fuel further growth in the industry.