Prices of new and used cars in Slovakia are 11% below EU average and lowest in the union

Prices of new and used cars in Slovakia are 11% below the EU average and the lowest in the union, Eurostat data show. Prices are highest in Denmark (+19%), while Germany matches the EU average. Differences reflect household purchasing power, vehicle taxes, EV subsidies, and carmakers’ pricing strategies. The Slovak market favors affordable models, and dealers are pressured to lower prices.

Used car prices fell 2% annually to €14,500 in 1H, according to Carvago. The average age of vehicles is seven years.

(trend.sk)