Used Car Prices Skyrocket Due to Pandemic
As a result of the pandemic, the demand for used cars in the Hungarian car market has increased, and at the same time the average prices have also increased by 33 percent, according to a report conducted by Használtautó.hu.
According to the site’s data, the increase in demand and the rise of prices did not stop in the used car market. Average advertising prices of 3.1 million forints (EUR 8,600) in December last year were already above 3.7 million forints (EUR 10,255) in March 2021. Moreover, compared to March 2020, an increase of almost 1 million forints (EUR 2,770), or 33.2 percent can be observed.