Swiss perspectives in 10 languages

Car prices reach all time high in Switzerland

car
© Keystone / Alessandro Della Valle

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 prices in the coming months,” said Autoscout 24 director Alberto Sanz de Lama.

In 2023, the number of new car registrations rose by around 12% year-on-year, and more than 750,000 vehicles changed hands. A lower level than in 2019, but one that sends out a positive signal of recovery in the Swiss car market, according to Autoscout 24.

External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Daily news

Get the most important news from Switzerland in your inbox.

Daily

The SBC Privacy Policy provides additional information on how your data is processed.


This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here

If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.

Popular Stories

Most Discussed

News

Passengers of Swiss Federal Railways

More

Swiss are champions of rail travel in Europe

This content was published on Switzerland remains by a large margin the European champion of train travel, both in terms of the number of journeys per person and the number of kilometres travelled. Switzerland remains by a large margin the European champion of train travel, both in terms of the number of journeys per person and the number of kilometres travelled. Switzerland remains by a large margin the European champion of train travel, both in terms of the number of journeys per person and the number of kilometres travelled.

Read more: Swiss are champions of rail travel in Europe
No Swiss bank in phase with environmental objectives

More

Swiss banks failing environment, says WWF

This content was published on None of the 15 major Swiss retail banks is meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland.

Read more: Swiss banks failing environment, says WWF

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR