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.
17. BMW 8 Series, £47,075 (-11.9%)
AutoTrader’s figure here covers both the 1990s version of the 8 Series and the current generation. Both are big, powerful grand touring coupes with lots of presence, spec and power. Modern versions also come with a bit of an image problem which might explain its relatively poor used performance or perhaps footballers are reigning in their spending like the rest of us. | BMW
18. Hyundai Ioniq, £17,515 (-12.0%)
The Ioniq was a really interesting prospect when it launched and remains so even now. Unlike most models, it was offered with regular hybrid, plug-in hybrid or all-electric drivetrains, meaning there was a version of this family hatchback to suit everyone. However, especially in EV terms, it has been left behind in recent years, perhaps explaining its declining value. | Hyundai
19. Porsche Taycan, £99,225 (-17.1%)
The Porsche Taycan is a remarkable car. With pulse-quickening performance, space for four and an impressive range, it’s a true all-round performance car. However, it’s also massively expensive and recent months have seen a sharp repositioning of the EV market. While demand, and therefore prices, for mainstream models has remained high, the premium end of the segment has taken a hit. | Porsche
20. Tesla Model S £34,834 (-23.3%)
The Model S was Tesla's first big seller and helped establish the brand as a major player in the modern automotive world. It still offers impressive range and access to the Supercharger network but this large saloon is getting on in age and has been superseded by other models from rival firms and Tesla itself. Like the Taycan, it has also been a victim of shifts in the high-end EV market. | Tesla