Why markets and prices go crazy «

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The economy is picking up strongly – and with it consumer demand. Many markets are still a long way from normalcy, as the used car and e-bike market shows.

5.30 a.m., June 25, 2021


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In normal times are in the dealership of Klaus Edelsbrunner an average of 40 used cars for sale. Currently there are hardly more than five – and that for months, as the Peugeot dealer and federal chairman of the vehicle trade emphasizes in the Chamber of Commerce. The demand is huge and the supply has never been so low. A constellation that naturally causes prices to skyrocket. Edelsbrunner estimates that used small cars with a sales price of just under 10,000 euros have recently risen by around ten percent. “At the moment, we dealers have to buy much more expensively.” With US conditions, where used cars now cost an average of 30 percent more than a year ago, the situation in Austria cannot be compared. But an evaluation of the online portal Autoscout24 shows, for example, that the average price in the first half of 2020 was still around 20,000 euros and it is currently more than 22,000 euros on average. At Willhaben they report a demand for used vehicles that is higher than ever, while the available stock is as low as it has not been for a long time.

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