Prices for second-hand cars have begun to stabilise.
The entire market has been in turmoil since the Covid-19 pandemic, but DoneDeal says second-hand motors still cost almost 70% more when compared to the onset of Covid-19.
Environmental Economist, Dr Tom Gillespie wrote the report. He says there's a big difference, though, between the lower and upper end of the market.
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"What we are seeing in the latest quarterly update from DoneDeal is that prices have begun to stabilise. That's after a long period of quite intense inflation since the start of the Covid-19 pandemic.
"Prices were going up by an average of 6% per quarter. They have now stabilised down to 1.4% in the last quarter, on average," he added.
