Second-hand prices have increased by 17 percent in the past year

Price statistics for used cars show record high levels – prices have increased by 17 percent in the past year.

Our view of this upturn is that more people are turning to the used market today than before due to the economic situation. We also see a continued low inflow of new cars on the market. This, combined with a weak krona, means that we see an extra high level of interest from export buyers – which is driving up prices.

What is BPI (Second-hand Price Index)?

The price trend is based on sales at Kvdbil (approximately 20,000 per year) and is measured through the BPI (used price index) by our sister company Bilpriser.se. Bilpriser's used price index (BPI) is a comparative figure for the price trend of used cars. BPI is based on statistical techniques for smoothing through rolling 3-month averages. BPI total is used to study overall trends. BPI total has a price base point in March 2016. The index figure at a certain point in time thus indicates how the price level has developed since the base point.

Total price development over the past 12 months

Since August 2022, the overall price trend has increased by 17 percent on used cars.