A Clare car dealer predicts the high cost of buying a second-hand car won’t drop to pre-pandemic levels any time soon.
The latest report from DoneDeal shows car prices jumped by 29% in the second quarter of this year, with demand 12.4% above pre-pandemic levels.
Michael Breen of N18 Autos in Newmarket-on-Fergus says small and medium sized cars in particular are becoming increasingly hard to come by, while there’s also a lack of availability of new cars.
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He believes the ripple down effect will mean that current prices will hold for years.
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