Therefore, the prices of used cars are increasing

The prices of used cars have continued to increase. But why? Buying a used car continues to be popular, and we see that the biggest reason is the wallet – although in different ways.

• The shaky economic situation has meant that more Swedes are choosing the used market when it's time to buy a car.

• At the same time, more foreign buyers are attracted to the Swedish used car market. When the krona is weak, it becomes extra affordable to buy in Sweden. The cars then roll on to other countries in Europe.

• The number of new cars coming onto the market also remains low, with delivery times that are both long and uncertain.

There is simply a huge interest in used cars. Something that causes prices to rise along with demand. But how much? We'll take a look!

Prices have gone up so much

Overall, used car prices have increased by 23 percent in the past two years – with the biggest price increases seen for petrol and diesel cars. And one brand stands out a bit.

The price trend for used cars in total since 2017 according to Bilprisers BPI*

Do you have a Toyota? Congratulations! Toyota has benefited greatly from price increases on the used market, as their residual value has always been strong thanks to their good reputation for quality.

Price trends since 2017, for five popular brands according to BPI

Price increase in the last two years, for five popular brands:

1. Toyota: +44%

2. BMW: +26%

3. Volvo: +17%

4. Volkswagen: +16%

5. KIA: +11%

What is BPI?

The used car price index (BPI) is a comparative figure for the price development of used cars and is based on a statistical technique for smoothing through rolling 3-​month averages. The BPI total is used to study overall trends.