New car sales are almost back to pre-pandemic levels and in May 2022 passenger car sales were up 13.8% (from 24,119 to 27,437 units) compared to 2021. Prices for second-hand cars are also up: TransUnion's Vehicle Price Index (which in effect measures the inflation rate of used vehicle prices) increased from 2.9% to 7% year-on-year.…
