Used car prices have rocketed this year, recording five years’ worth of growth in just six months, according to Auto Trader.
Rising demand post-lockdown and limited supply in both the new and second-hand markets have pushed up prices for 20 consecutive months and the average used car is now worth £17,366, £3,400 more than it was in May.
The growth has been seen in almost every segment as well, from superminis to supercars but while the average year-on-year rise is around 28%, some models have seen their value rise by as much as 50%, which is great news for sellers but not for buyers.
However, some cars have seen below-average growth and, in one or two cases, prices have fallen despite the strong market, offering the chance for buyers to bag a bargain.
Here, then, are the 10 used cars that have seen the largest price rises since November 2020, and the 10 that have seen the smallest growth or dropped in value. All figures are based on the Auto Trader Retail Price Index for November 2021.
13. Audi e-tron. Price change: 1.4%
The e-tron SUV was Audi’s first all-electric model, launched in 2018. Despite growing interest in EVs, the high-end model doesn’t seem to be attracting much attention, although the average used price is still a healthy £66,202.
14. Tesla Model 3. Price change: +1.2%
The Model 3 has been a huge sales success for Tesla in the UK, riding a growing wave of demand for EVs. However, second-hand values have fared relatively poorly, barely rising at all, to an average of £48,780. | Tesla Photo: Tesla
15. Fiat Punto EVO. Price change: +0.6%
Punto EVO was the shortlived post-facelift name for Fiat’s small family hatcback in the late Noughties. It wasn’t particularly well received at the time and with an average asking price of £2,518, it’s still not popular now. Photo: Fiat
16. BMW X3 M. Price change: +0.5%
Despite having the desirability of a BMW badge, SUV styling and M Sport engineering, this performance SUV isn’t in much demand in the UK, although the average used price of £58,909 might have something to do with that. Photo: BMW