What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks

When will secondhand car prices go back to normal?

When do you think second hand prices of petrol and diesel cars will get back to the historical norm when a car lost 50% of its value in the first three years?

Asked on 27 March 2024 by Chris Curtis

Answered by David Ross
Used car prices have been affected by a number of issues, including a shortage of spare parts and difficulties in the supply of new vehicles, which has resulted in higher than expected used values. Because so many external factors can affect used car prices it is difficult to predict if and when there will be a change, but assuming the issues mentioned will be rectified then we may see a realignment of used values.

Although used values have been higher than normal, depreciation on new vehicles during the first three years tends to influenced more by the make and model of the specific vehicle, so some models will lose more 50% of their value in the first three years while others will lose less than this.
Similar questions
I have a new Porsche Macan diesel on order and have an early delivery slot (late April). Given it's now sold out for this year and no one has even driven it yet, do you think I could keep it for a year...
I've been looking at second hand prices on low mileage 2012 Insignias. Cars that cost £24,000 new are being sold via Auto Trader for around £10,000 a few months later. I know nobody pays the full list...
I'm looking at buying a Volkswagen Passat Estate 1.8 TSI 59 plate with 5000 miles from a car supermarket. They've had it in stock for some 3-4 months now and haven't reduced the price, which is £14,600....
 

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 12% on GAP Insurance

Use HJ21 to save on an ALA policy

See offer