New data has shown that a used car now costs more than it did a year ago.
Done Deal has released its car price index in Ireland, which shows car inflation stands at 40 percent.
The report looked at 5 million cars sold on the website since 2011 and it found that a shortage of new cars available on the market, Brexit and pandemic saving has had an impact on the price motorists are willing to pay for second-hand vehicles.
Environmental economist Dr Tom Gillespie says if you bought a car last year, you could sell it for profit this year.
In a situation he described as "bizarre", Dr Tom Gillespie said inflation is outweighing the negative effect of depreciation.
