Prices for new and used vehicles in Switzerland have increased significantly in recent months, driven by problems with the supply of electronic chips and raw materials, but also due to an increase in demand.
At the end of June, the Autoscout24.ch website listed 111,000 used vehicles and 23,000 new cars. A new vehicle costs an average of 54,730 francs, an amount up by 4,000 francs over one year (+8%), according to a press release published on Tuesday by the classifieds portal.
The strong demand for used vehicles, for its part, pushed prices up by 14% to an average of 29,916 francs.
“Due to problems with the supply of microchips and raw materials, as well as the general increase in demand, the automotive market was almost dry in many places at the end of 2021”, detailed Maurice Acker of Autoscout24.
According to the latter, ‘the prices of used vehicles have generally increased over the last 25 years, because the quality of new vehicles has continued to improve’.
As for electric vehicles, their prices jumped ‘disproportionately’ over the first six months of the year. They soared 16% to an average price of 51,071 francs.
This trend should continue. “We expect further price increases for the second half of 2022, all types of fuels and vehicle segments combined,” predicted Mr. Acker, citing the continuation of logistical problems and a limited supply of new vehicles.
/ATS