That's according to a study conducted for DoneDeal.
Used car prices have jumped by 50 percent since January 2020, according to a new study.
The DoneDeal research has found in the third quarter of this year alone, inflation in the sector rose by 10.6 percent.
It's believed the pandemic as well as the impact of Brexit are behind the sharp increases.
Used car prices are now nearly 50% higher than they were just before the beginning of the pandemic in January 2020, a survey reveals.https://t.co/S0dwp0S48E
— TheJournal.ie (@thejournal_ie) October 11, 2021
It means people people who bought a used car in 2020 could theoretically sell it for a profit this year
DoneDeal's latest monitors on used car prices has found inflation rose by 10.6 percent in the third quarter of 2021.
Prices have gone up by 50 percent since January 2020, largely due to the pandemic and the impact of Brexit.
Report author and environment economist at NUIG is Dr Tom Gillespie.
He joined Ciara Noble and Clem Ryan on Tuesday's edition of Kildare Today
.
Father Of Young Inter-County Hurler Who Died From Heart Condition Raises Awareness Of SADS
Kfm Obituary Notices
Kildare Revealed As Third Highest Ranked County For New Car Registrations Last Year
Construction Of Two Bus Shelters Begin Near The Curragh
Disappointment As Parochial House In Celbridge Set For Future Plans Still Not Purchased By KCC
Initial Scoping Exercise Undertaken For Future Management Of Curragh
ESB Identifies Two Kildare Areas As Dangerous For Swimming, As Heat Warning Continues
€640,000 Worth Of Cannabis Seized In Ballymore Eustace
