If you have a second hand car - you could end up selling it for a profit.
Prices have gone up by 67 per cent since the pandemic according to a report published by Done Deal.
While the annual rate of inflation year-on-year is around 21 per cent.
In the 2 years since the pandemic began, prices rose by an average of 5.9% every 3 months.
In the 2 years prior to the pandemic, the average quarterly rate of inflation was just 0.8%.
A severe shortage in supply since Brexit and the war in Ukraine, and increased consumer demand have led to the price-hikes.
