Used car prices surge with unexpected model leading the way

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【Summary】Used car prices have been rising for 41 consecutive months, with the Peugeot Partner Teepee experiencing the highest 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 Sep 02, 2023 9:33 AM PT

Used car prices surge with unexpected model leading the way

In recent times, there has been a lot of news about the decline in 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.

Auto Trader's latest Retail Price Index has revealed that overall, used car retail prices have been increasing for 41 consecutive months. This means that the value of used cars has been on the rise for quite some time.

Now, let's take a closer look at which models have experienced the biggest price hikes. By analyzing the same data, we can identify the used cars that have seen the most significant increase in value this month.

According to the figures for the month ending August 20, the Peugeot Partner Teepee has seen the largest price hike, with a year-on-year rise of 17.1%. The top 10 list also includes small and affordable cars like the Fiat Panda, Volkswagen Beetle, and Hyundai i30.

Other models that have made it to the list are the Volkswagen up!, Citroen Berlingo, and Hyundai i10. 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 most significant rise in value this month: