Used car price increases this month: Shock model leads the way

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【Summary】Auto Trader's Retail Price Index reveals that used car prices have been rising for 41 consecutive months. The Peugeot Partner Teepee experienced the highest increase in value this month, with a year-on-year rise of 17.1%. Other models that saw significant hikes include the Fiat Panda, Volkswagen Beetle, and Hyundai i30. The list is dominated by small, affordable cars, with the Mercedes SL Class being the only premium brand on the list.

FutureCar Staff Aug 29, 2023 11:14 PM PT

Used car price increases this month: Shock model leads the way

In recent times, there has been a lot of news about the decreasing prices of used electric vehicles (EVs) and which models are experiencing the most significant value drops. Tesla Model X, Audi e-tron, and Jaguar I-Pace have all seen substantial decreases in value over the past year. However, the situation is quite different for traditionally-powered used cars.

According to Auto Trader's latest Retail Price Index, used car retail prices have been rising for 41 consecutive months. This indicates a positive trend in the used car market. Using the same data, we can now identify the used cars that have experienced the most significant value increases this month.

Looking at the figures for cars sold in the month ending August 20, the Peugeot Partner Teepee stands out as the model with the highest value increase, with a year-on-year rise of 17.1%. The top 10 list is mainly comprised of small and affordable cars such as the Fiat Panda, Volkswagen Beetle, and Hyundai i30.

Other models that made it to the list include the Volkswagen up!, Citroen Berlingo, and Hyundai i10. The only premium brand model to appear on the list is the Mercedes SL Class. Below is the full list of the top 10 used cars that have experienced the biggest rise in value this month:

10. Seat Ibiza
Average asking price: £10,112
Year-on-year growth: 9.6%

9. Hyundai i10
Average asking price: £8,448
Year-on-year growth: 9.6%

8. Hyundai ix20
Average asking price: £8,788
Year-on-year growth: 10.1%

7. Citroen Berlingo
Average asking price: £12,849
Year-on-year growth: 10.6%

6. Mercedes SL Class
Average asking price: £27,252
Year-on-year growth: 11.5%

5. Volkswagen up!
Average asking price: £9,072
Year-on-year growth: 11.7%

4. Hyundai i30
Average asking price: £10,472
Year-on-year growth: 12.1%

3. Volkswagen Beetle
Average asking price: £8,093
Year-on-year growth: 12.2%

2. Fiat Panda
Average asking price: £6,562
Year-on-year growth: 13.3%

1. Peugeot Partner Teepee
Average asking price: £10,125
Year-on-year growth: 17.1%