Used car prices surge this month with surprising top model

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【Summary】Auto Trader's latest Retail Price Index reveals that used car retail prices have risen for 41 consecutive months. The Peugeot Partner Teepee experienced the biggest increase in value this month, with a year-on-year rise of 17.1%. The list of top 10 used cars with the largest value increase also includes models from Hyundai, Volkswagen, Fiat, and Mercedes.

FutureCar Staff Sep 03, 2023 4:24 PM PT

Used car prices surge this month with surprising top model

In recent times, there has been a lot of news about the falling prices of used electric vehicles (EVs) and which models are losing value the fastest. Models like the Tesla Model X, Audi e-tron, and Jaguar I-Pace have all experienced significant drops 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 means that overall, the value of used cars has been increasing steadily.

Using the same data, we can now identify the used car models that have seen the biggest increases in value this month. The figures, which analyze cars sold in the month ending August 20, reveal that the Peugeot Partner Teepee has experienced the largest rise, with a year-on-year increase of 17.1%.

The list of cars with the biggest value hikes is primarily composed of small and affordable models. The Fiat Panda, Volkswagen Beetle, and Hyundai i30 are among the top 10 cars that have seen the most significant increases in value. Other models on the list include the Volkswagen up!, Citroen Berlingo, and Hyundai i10. The only premium brand car on the list is the Mercedes SL Class.

Below is the full list of the top 10 used cars that have experienced the largest 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%