Brexit is one of the reasons why the cost of a used car in Ireland’s 56 percent higher than it was before the pandemic.
Some second-hand models are now being advertised at higher prices than the newer version.
The latest DoneDeal Car Price Index says supply issues linked to Brexit are a major factor.
The report’s author is economist Dr. Tom Gillespie.
On today’s Nine til Noon Show, he told Greg Hughes that there is increased demand for cars, but a shortage of new vehicles because vital semi-conductors which are mainly made in China are in short supply.
However, he says there’s another dimension to the problem here ………