Prices for used cars in Austria: dramatic decline by 4.5%!

Prices for used cars in Austria: dramatic decline by 4.5%!

The prices for used cars in Austria have a remarkable decline of 4.5 percent since the beginning of the year. According to the current used car price index (AGPI) from Autoscout24, this corresponds to an average decline of 1,290 euros, which now includes the current average price for used cars at 27,235 euros, as krone.at reports. November also showed a continuous downward trend with a slight decline of 0.99 percent compared to the previous month.

The price decline in the upper class is particularly striking, where the costs have dropped by 6.8 percent and now at 57,751 euros. Vans and minibuses have also become significantly cheaper with a minus of 3.7 percent, the average price of which is now 22,977 euros. In contrast, small cars and sports cars show a positive development: in November, small cars rose by 1.2 percent to an average price of 15,270 euros, while sports cars even increased by 3.0 percent and now cost an average of 76,919 euros. These developments illustrate the continued stabilization of the used car market, illuminated by Nikolaus Menches, Country Manager from Autoscout24 in Austria.

price increases through various factors

While some vehicle classes are increasing in price development, consumers also get tools to better understand price increases in other products. A practical price increase calculator makes it possible to calculate price increases in percent for different areas such as gas, electricity or rent. By entering the original price and the increased price, the system can quickly determine the percentage change. An example shows how the price of a cell phone increases from 120 euros to 150 euros, which corresponds to an increase of 25 percent, as it is explained in detail on blitzrechner.de . This computer not only provides the results, but also the calculation formula, so that users can understand how the percentage change is determined.