Car prices reach all time high in Switzerland

Prices rose again in 2023 of both for new and used vehicles, reaching a new record high. Despite this, the range of vehicles being sold has only expanded. Prices for new vehicles have risen by 5% and those for used vehicles by 4% over the last twelve months, according to the online car sales platform Autoscout24. In 2023, prices reached a new record: a new car cost an average of CHF 60,000 ($69,760) and a second-hand one CHF 37,000, according to a press release on Tuesday. With the exception of the minivan category, which recorded an increase of more than 12%, all other models posted moderate increases of between 1% and 5%. By type of fuel, new petrol-powered cars saw the biggest increase at 12%, compared with 10% for electric cars and 6% for hybrids. + Petrol cars will disappear from Swiss roads too For the first time since 2019, the supply of new vehicles increased by 13% to 122,140 units. "This greater availability offers greater choice and could also be a sign of lower...