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New figures show major jump in cost of second hand cars nationwide

Aug 3, 2021 07:42 By Shannonside News
New figures show major jump in cost of second hand cars nationwide
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The shut down from the pandemic and the Suez Canal blockage earlier in the year are just two reasons being given for the major price increase.

New figures show that used cars are costing 40 percent more to buy now compared to this time last year.

Done Deal has released a car price index for Ireland that shows that a second hand car bought last year might be worth more today.

The report also finds that inflation is mostly affecting less expensive cars.

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Environmental economist Dr Tom Gillespie says a shortage of new cars and the pandemic is having an effect on car prices:

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