Motorists are paying almost 64% more for cars this Summer than they did two years ago.
That's one of the main findings from a new Report on motoring costs published by DoneDeal.
Car Costs have risen, on average, by just under 2% per month since Covid-19 entered the Country in March of 2020.
Report author Tom Gillespie says reduced production of micro chips and Brexit have driven up prices:
"We've looked at two years before the pandemic, the average quarterly rate of inflation was point 8%, but really was consecutively rising consistently throughout the pandemic because of this supply squeeze and this increased demand for this is where we're getting used car prices up to this level at the moment. So that's a global story in Ireland that has been coupled with Brexit."
