Used car prices surge with unexpected model leading the pack

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【Summary】Used car prices have risen for 41 months in a row, with the Peugeot Partner Teepee seeing the biggest increase at 17.1% year-on-year. Other cars that have seen significant price 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 to make the top 10.

FutureCar Staff Sep 02, 2023 4:30 PM PT

Used car prices surge with unexpected model leading the pack

In recent times, there has been a lot of news about the falling 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 strong demand for used cars in the market. Using the same data, we can now identify the used cars that have seen the biggest increase in value this month.

Looking at the figures for cars sold in the month ending August 20, the Peugeot Partner Teepee stands out with the highest year-on-year rise of 17.1%. This means that its value has increased significantly compared to the previous year. The list of cars with the biggest value hikes is mainly comprised of small and affordable models.

Some of the other cars that have seen a notable increase in value include the Fiat Panda, Volkswagen Beetle, and Hyundai i30, all of which have made it to the Top 10. The list also features the Volkswagen up!, Citroen Berlingo, and Hyundai i10. Interestingly, the only premium brand model on the list is the Mercedes SL Class.

Here is the full list of the top 10 used cars that have experienced the largest rise in value this month: