Used car prices surge with surprise model leading the pack

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【Summary】Used car prices have been rising for 41 months in a row, with the Peugeot Partner Teepee seeing the biggest increase of 17.1% this month. Other models that have seen significant value hikes include the Fiat Panda, Volkswagen Beetle, and Hyundai i30. Premium brand Mercedes SL Class also made the list.

FutureCar Staff Aug 31, 2023 4:32 PM PT

Used car prices surge with surprise model leading the pack

In recent times, there has been a lot of talk about the declining prices of used electric vehicles (EVs) and which models are losing the most value. 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 on the rise for 41 consecutive months. This indicates a positive trend in the market. Now, let's take a closer look at the models that have experienced the largest price increases based on the same data.

Looking at the cars sold in the month ending August 20, the Peugeot Partner Teepee stands out with the biggest price hike, showing a year-on-year rise of 17.1%. This is quite impressive. The list of cars with the highest value increases is mainly comprised of small, affordable vehicles. Models like the Fiat Panda, Volkswagen Beetle, and Hyundai i30 have all made it into the top 10.

Other notable entries on the list include the Volkswagen up!, Citroen Berlingo, and Hyundai i10. Interestingly, the only premium brand model to appear on the list is the Mercedes SL Class. It's worth noting that these rankings are subject to change over time as the market continues to evolve.

Here is the complete list of the top 10 used cars that have seen the biggest rise in value this month: