CarGurus has revealed the 50 best value used cars in the UK, with the 2019 BMW 2 Series having gone down in price the most.
It fell from £29,640 to £22,271 – an overall average reduction of £7,369 (-24.9%).
Following was the 2019 Ford Kuga (-23.9%), 2019 Volkswagen Golf (-23.1%), 2020 Ford Focus (-22.7%) and 2017 Ford Kuga (22.5%).
The best value car under £10,000 was the 2015 Vauxhall Insignia, falling from £9,212 to £7,485 – an 18.7% drop in price.
CarGurus data also found that monthly average used car prices have been on the rise since the end of August, with the cost of a used car at the end of October (£18,851) now surpassing average prices from April 2022 (£18,830).
It followed a sustained period where average used car prices fell between the end of quarter one (£19,328) and quarter two (£18,229) but rose again in quarter three (£18,407).
Kevin Roberts, director of industry insights & analytics at CarGurus, said: “Vehicle prices continue to remain stubbornly elevated for UK car buyers. These high prices combined with rising inflation, climbing interest rates and a cooling economy are having an impact on consumers’ wallets. Unfortunately, with new vehicle production still constrained we’re not likely to see immediate relief on car prices in the near term.
“The positive news for car buyers is, in the face of a cost-of-living crisis, there are good cars out there that are coming down in price all of the time, some as much as 25% in the last 12 months.”
Leave a Reply