Used car prices

continue to soar

Used cars for sale

THE 20 most popular used cars in Britain have increased in value by an average of more than 25 per cent in the past 12 months, according to new data.

The increases see the cost of a used Ford Focus rise by 50 per cent year-on-year and the Nissan Qashqai by 30 per cent.

Data from CarGurus, which helps buyers with market valuations, shows that the Ford Focus increased in price most followed by the Ford Fiesta at 36.7 per cent and the MINI Cooper at 34.9 per cent.

Other big risers were the Volkswagen Polo at 33.6 per cent and the Mercedes-Benz C-Class at 32.5 per cent.

The car sparking the most searches on CarGurus among UK buyers - the Nissan Qashqai - increased in price by 30per cent.

According to CarGurus the average price of a used Focus in January 2022 was £16,250 up from £10,830 year on year.

In its analysis of the top 20 of its most searched models the highest average value was for a Range Rover at £46,957 although its increase of 8.5 per cent since January last year was the lowest rise.

Kevin Roberts, director of industry insights and analytics at CarGurus, said: "Buyers should be aware of a number of factors contributing to recent appreciation levels of Britain's most popular cars.

"The semi-conductor shortage has contributed to the worst year for UK new car production since 1956 which, in turn, has led to an increase in demand for used vehicles. The resulting decline in available stock has therefore naturally driven up prices.

"The outlook for 2022 will remain dependent on vehicle production; if it can come back to a pre-COVID level we'll likely see a stronger recovery in sales and a potential reduction in pricing, otherwise we're looking at a further continuation of 2021 trends."

LATEST MOTORING NEWS

HAVE you noticed the adverts for the latest Fabia pronounce Skoda as...

Read more View article

DESPITE a challenging marketplace, Volvo increased its UK car sales by four per...

Read more View article

THE arrival of the Suzuki Swace, the second model to be launched as part of a...

Read more View article

LATEST NEWS

Google+