Ask Honest John

Honest John Ask Honest John » What has happened to nearly new car values?
What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks

What has happened to nearly new car values?

What has happened to nearly new car values? Six months ago they were very high and with the semi-conductor chip shortage and the problems in Ukraine/Russia I would have thought not much has changed but it would appear it has. Or am I wrong?

Asked on 3 May 2022 by Jerry Pollentine

Answered by Sarah Tooze
Nearly new car values have started to drop due to the cost of living crisis having an impact on consumer demand. However, they are generally still up year on year, by some margin.
Similar questions
As a graduation present my wife is buying me a nearly-new car in the next eight weeks. I currently drive a 2001 Ford Mondeo 1.8 Zetec (petrol, 125,000 miles) and am looking at similar sized cars. I have...
I am thinking of buying a one-year-old Avensis from Hills of Woodford who I understand is one of the Toyota approved dealers. The conversation that I have had with them tells me that the car has slightly...
What 4x4 would you recommend for a couple with a baby and dog. Our budget is up to £25k for new or nearly new.