Land Rover, VW, Kia, Tesla

Used car prices 2023: top 10 models rising in value and the 10 biggest losers - from Kia to Telsa

City cars continue to climb as high-end EVs plummet in value 

Used car prices in the UK have calmed down but continue to rise, according to the latest figures from marketplace Auto Trader.

The latest data from the online marketplace shows that average second-hand values have now risen for 40 months in a row but the growth has softened significantly.

Over the last two years average used values rocketed by as much as 30% as poor availability of new cars increased demand on the secondhand market. In recent months new car supply has improved and used price increases have softened but the latest figures from Auto Trader show that by mid-July, prices were still up 3.2% on last year.

Although the crazy increases of 2022, when some individual models jumped in value by more than 40%, have disappeared, July's figures show that the average price of some cars is still 20% higher than a year ago. At the same time, some models, including high-end electric cars have fallen in value by a similar amount. 

Here, according to Auto Trader’s latest figures are the biggest winners and losers.

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