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Used car values and your insurance policy

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By John Healy of Healy Insurances

According to some recent surveys used car values have increased substantially over the past two years.

A survey from Cartell.ie, an automotive data supplier, showed the average second hand car is worth 16% more now than last year. A second survey completed by DoneDeal confirmed used car prices are nearly 50% higher than they were before the pandemic in January 2020.

The analysis from DoneDeal, in conjunction with Trinity College and NUI Galway, found that in the three months to June, used car prices have increased by 10.6%. Not only that, but the research indicates that prices are still increasing and the rate appears to be speeding up.

What is driving this increase?

It is a combination of factors including Brexit and the trade issues that have been created as well as the continuing supply chain challenges brought about by the pandemic.

In addition, lead in times for delivery of new vehicles have been extended primarily due to a global shortage of microchips.

There has also been a huge decrease in imported vehicles from the UK since Brexit and this is certainly adding to the price inflation.

From an insurance perspective most insurers operate on a pre-accident value format in the event of a claim. The pre-accident value is calculated by the assessor based upon market trends and so should take into account the current spike in prices. However, some insurers use the vehicle value when rating the policy. It is advisable to review the vehicle value in advance of your renewal date and update it if necessary.

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National Award for Rathmore retailer

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Pictured at the national XL Retailer of the Year Awards 2026 at the Hodson Bay Hotel, Westmeath, are Kieran O’Keeffe (XL Rathmore), who was presented with the Best Promotional Activity Award by Paudie Mulhare (XL Development Manager). The local business was recognised for its outstanding industry excellence and commitment to the Rathmore community following a comprehensive independent audit of stores nationwide.

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Fashion extravaganza added to annual FleskFest line-up

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A brand-new fashion extravaganza has been added to this year’s Glenflesk festival celebrations, promising an evening of style, music, and culinary entertainment.

The Summer Soirée in the Marquee will take place on Friday, June 19, at the Barraduff Community Field.

The event kicks off at 6pm with a prosecco reception and light bites on arrival, with the main programme scheduled to begin at 7pm.

Well-known broadcaster Brendan Fuller will host the evening, guiding guests through a varied line-up of live acts and demonstrations.

Food enthusiasts can look forward to a live culinary experience by Head Chef Chad Byrne, who will showcase creative dishes using fresh local ingredients while sharing practical cooking tips for the home.

Fashion and beauty will take centre stage later in the evening.

Experts Mary O’Donnell and Kerry O’Connor will host dedicated style segments, providing summer inspiration and showcasing on-trend looks from leading regional retailers, including Killarney’s Scarlett Boutique and Kenmare Cashmere.

Live music throughout the night will be provided by local performer Jack Patrick Healy, delivering his signature mix of high-energy piano and vocals to the marquee crowd.

In addition to the main stage entertainment, the event features handcrafted cocktails mixed by a professional mixologist, a fully licensed bar, and multiple spot prize giveaways. A dedicated prize for the Most Stylish Lady on the night includes a one-night stay at The Europe Hotel and Resort.

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