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.
13. Land Rover Defender 90, £64,254 (-7.4%)
Just two short years ago people were paying over the brand new list price for second-hand Defenders. A drought of new cars reaching dealers meant buyers desperate for the reimagined 4x4 were throwing money at anyone who had a lightly used example for sale. Now that things have settled down, the inevitable has happened and prices have begun to fall back to more realistic levels for this chunky, capable and comfortable off-roader. | Land Rover
14. DS 3 Crossback, £18,141 (-7.5%)
Compact SUVs are big business but not every model can be a runaway success and the DS 3 Crossback is clearly one example struggling on the second-hand market. DS is the Stellantis group’s premium wing and the DS3 features plenty of quirky and high-quality touches but in a market dominated by the big German brands, it’s obviously struggling to get attention. | DS
15. Volvo XC40, £31,688 (-9.8%)
The XC40 is another premium-tinged model that has suffered falling values in the last year. It boasts sharp looks, a beautiful interior and some of the most advanced safety kit in its class but, like the DS, faced with the endless desire for its BMW, Audi and Mercedes rivals it has struggled to maintain its value. | Volvo
16. Hyundai Kona, £20,247 (-10.1%)
For a while, Auto Trader’s list of used movers and shakers didn’t feature a single car that actually lost value but improving supply of second-hand models has clearly changed that. The Kona is an impressive all-round performer in the compact SUV segment, with good looks, decent equipment and Hyundai’s strong reliability record, but it’s clearly not attracting buyers in the same way as rivals. | Hyundai