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.
5. Hyundai i10,£8,466, (+11.9%)
The i10 isn’t as characterful as the Fiat Panda but as a dependable and affordable alternative, there’s a lot to like. Every generation of this Korean city car has proved to be spacious, frugal and decent to drive, and with the exception of base-spec models are well equipped too. | Hyundai
6. Renault Scenic, £6,004, (+11.5%)
A bit like the Partner Teepee, the Scenic is people carrier aimed at families who put practicality and function at the top of their shopping list. It’s smaller than the models like the Seat Alhambra of Ford Galaxy but still packs plenty of smart features to make family life easier. Like most MPVs, the Scenic is no longer on sale, perhaps explaining its rising second-hand value. | Renault
7. Peugeot 208, £11,205 (+10.9%)
The 208’s predecessor, the 207, has previously featured among Auto Trader’s fastest rising used models but it seems demand has shifted towards the later version. A rival to the hugely popular Ford Fiesta and Vauxhall Corsa, the 208 started off as a fairly dull small hatchback but the second generation, launched in 2019, helped kickstart Peugeot’s renaissance as a maker of stylish and desirable cars. | Peugeot
8. Volkswagen Beetle £8,022 (+10.8%)
Retro is clearly back in fashion as VW’s 60s-inspired hatchback has seen a strong rise in value over the last year. Under the skin, it’s a Golf but the Beetle’s unique interior and exterior styling have a playful charm that appeals to a different audience. An audience clearly willing to splash out on something a little different. | Volkswagen