Used car boom in Austria: Prices rise by 12%!

Used car boom in Austria: Prices rise by 12%!

Österreich - The demand for used cars in Austria is experiencing a boom. According to the Autoscout24 online platform, there is a strong interest in older models. Vehicles that are between three and five years old are particularly in demand. Here the average price rose to 31,958 euros, which corresponds to an increase of 12% in March compared to the previous month. Used cars between the ages of 10 and 20 are also in demand; The average price is also 12,181 euros, which means a similar increase in 12%.

For youngtimers who are popular with many car fans, the average price is 9,228 euros, also with an increase of 12%. In contrast, the price for vehicles, which are only 1 to 3 years old, fell by 6% to 41,635 euros. Throughout March, the prices for used cars remained almost stable, with an average price of 29,750 euros, which corresponds to a decline of 0.92% or 277 euros compared to February, such as OE24 reported.

price development and market conditions

The general price development on the Austrian car market is moderate. In 2024, the average vehicle price fell to 26,310 euros, which corresponds to a decrease of 3% compared to the previous year. Austria moves with these prices in the European midfield. In comparison, the average price in Germany is 26,942 euros, while in France 29,627 euros and in Luxembourg 37,860 euros for used cars have to be paid, such as Autoscout24 shown.

In 2024, the demand for used cars increased by 19%, while the supply increased by 3%. Nikolaus Menches, Country Manager of Autoscout24 Austria, expects the market to stabilize the market for 2025. The price curve has been showing a downward movement since mid-2024 and causes buyers to pay attention to the price-performance ratio.

alternative drive types in the trend

The popularity of vehicles with alternative drives grows. Hybrid vehicles recorded a price increase of 2% to an average of 44,864 euros, with demand increasing by 45%. The offer of these vehicles grew by 15%. Electrical vehicles, on the other hand, are also enjoying growing demand, which increase by 44%. However, their average price fell by 12% to 37,863 euros.

In comparison, petrol and diesel vehicles are more stable in price development. Petrol vehicles recorded a decrease of 3% to 25,777 euros, while diesel vehicles dropped by 5% to 24,160 euros. Despite these price declines, the demand for these vehicles remains strong, so that the market focus is increasingly shifted to the price ratios and the availability of alternatives, as in a report by Kurier is summarized.