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.
17. DS 3 Crossback. Price change: -0.6%
DS aims to bring a touch of French flair to the premium segment but sales of its compact DS 3 Crossback crossover suggest buyers are still wooed by German badges. Average used prices have remained virtually static since last November, at £22,058 Photo: DS
18. Mercedes-Benz CLC. Price change: -1.2%
Proof that not everything with a German badge will hold its value is this slightly awkward looking coupe from the early 2000s which has fallen in price over the last year to £4,370.
19. BMW 8 Series Gran Coupe. Price change: -2.6%
Another new and expensive model that has bucked the overall trend and actually fallen in price since last year. This massive luxury saloon will still set you back an average of £62,500, so perhaps “bargain” isn’t the right word. Photo: BMW
20. Renault Koleos. Price change: -10.1%
While its smaller Captur and Kadjar siblings are fairly popular the large Koleos SUV has never performed well for Renault in the UK, reflected in its relatively sharp drop in value. Average prices are now £20,411. Photo: Renault