- Cap hpi has provided the top 10 risers and fallers over the last 12 months
- Price inflation and deflation compares prices for 3yr-old cars in Dec23-Dec24
The post-Covid boom in second-hand car prices has now a distant vision in the rear-view mirror as used vehicle prices have softened in recent months.
Auto Trader’s Retail Price Index shows the average advertised price for a pre-owned motor across all ages and segments in November was £16,492.
This is a down around 7 per cent on the same month in 2022, when the average used car price was £17,801.
But there are still examples that are rising in value.
The 10 biggest second-hand car price increases over the last 12 months – and the 10 most significant drops in value – have been revealed in exclusive data for This is Money by cap hpi.
The figures are based on three-year-old vehicles with an average of 30,000 miles on the clock.
Rather than a measure of depreciation (how much a car loses in value as it gets older), we have conducted a like-for-like comparison of three-year-old examples in December 2024 and the same model as a three-year-old car sold in December 2023.
This provides a clearer picture of inflation – and deflation – in prices compared to a year ago. Here’s the countdown…
BIGGEST USED CAR PRICE RISERS OF 2024
10. BMW 4 Series Gran Coupe DIESEL (2014-2021) – up 9.7%
Dec23 price: £20,607
Dec24 price: £22,593
Price increase: £1,986
Diesel powered BMW 4 Series Gran Coupes appear to be increasing in demand with average used values rising by almost 10% in 2024
Who said nobody want to buy diesels anymore? The BMW 4 Series Gran Coupe is proof there’s still plenty of demand for the fuel type, especially among drivers who need a suitably large family saloon with lots of style and great fuel economy for longer journeys.
A three-year-old first-generation 4 Series Gran Coupe diesel in December 2023 was valued at just over £20,600. The same car with that mileage today is valued above £22,500.
9. Toyota Land Cruiser DIESEL (2017-2024) – up 9.9%
Dec23 price: £33,138
Dec24 price: £36,456
Price increase: £3,272
Could the arrival of the new Toyota Land Cruiser be pushing up values of the previous-generation SUV? Used prices are up 10% in the last 12 months, cap hpi data shows
A new retro-inspire Land Cruiser has just arrived in UK showrooms, offering a stylish and rugged alternative to the Land Rover Defender.
However, the previous-generation model is a hulking SUV that’s going up in value.
The average price of a three-year-old diesel-powered Land Cruiser 12 months ago was £33,138.
Today, a 36-month-old example with the same mileage (30k) is valued at £36,456, which is value inflation of £3,272.
In percentage terms, that an increase of 10 per cent.
8. Skoda Karoq (2017-present) – up 10.5%
Dec23 price: £13,862
Dec24 price: £15,367
Price increase: £1,505
The average price of a three-year-old Skoda Karoq is £1,500 higher today than it was in December 2023, cap hpi data shows
The Skoda Karoq is a very reasonable second-hand family car, offering lots of space, strong engines and a decent boot. Which might explain why the values are going up in the last year.
Across both petrol and diesel variants, the average price of a three-year-old example with 30,000 miles chalked up is £1,500 higher today than it was in December 2023.
7. Hyundai Tucson (2018-2021) – up 10.6%
Dec23 price: £14,371
Dec24 price: £15,892
Price increase: £1,521
The previous-generation Hyundai Tucson is another great value used family car. As such, average second-hand values have inflated by 10.6% in the last 12 months
The current Hyundai Tucson is among the best-selling cars of 2024, thanks to its quirky looks, heaps of tech and bundles of family-friendly practicality. For those looking for a cheaper alternative, the previous-generation Tucson is a brilliant second-hand buy at a fraction of the cost.
The only issue is prices are going up for this car. In December 2023, a three-year-old example would have cost almost £14,400. If you want a three-year-old Tucson now, you’ll need to pay close to £16,000.
6. Seat Ateca DIESEL (2016-2024) – up 11.1%
Dec23 price: £16,045
Dec24 price: £17,816
Price increase: £1,770
Seat’s Ateca diesels – both 1.6 and 2.0-litre TDi powerplants – appear to be enjoying plenty of demand on the used market, given their 11.1% inflation in average values
Seat’s Ateca is another very usable family SUV. Its boxy proportions mean lots of boot space and headroom while its engine line-up – ripped from the Volkswagen Group’s well-tested range – is relatively powerful and efficient, including both the 1.6 and 2.0-litre TDI diesel powerplants.
These appear to be in greater demand than the petrols, if inflating values are anything to go by. An average three-year-old Ateca is worth 11.1 per cent more today than it was in December 2023.
5. Seat Tarraco (2018-2024) – up 11.2%
Dec23 price: £19,358
Dec24 price: £21,518
Price increase: £2,160
Given the unique market for seven-seat cars, affordable second-hand options – like the Seat Tarraco – can often be in significant demand, which is inflating the price of 3-year-old models
If a Seat Ateca is too small for your requirements, then the Tarraco is your next best option. With seven seats as standard, it’s aimed at larger families, but is built on the same platform as its smaller sibling.
Given the unique market for seven-seat cars, affordable second-hand options can often be in significant demand. As such, the value of three-year-old Tarracos have jumped on average by over £2,000 in December 2024 compared to the same month a year ago.
4. Lexus UX HYBRID (2018-present) – up 11.7%
Dec23 price: £17,911
Dec24 price: £20,009
Price increase: £2,097
The 11.7% inflation in used value of the Lexus UX crossover is only applicable to the self-charging hybrid variants – not the EVs
The Lexus UX is the Japanese brand’s answer to a premium compact crossover to rival the likes of the the Range Rover Evoque, Audi Q3 and BMW X1. Sold with the option of conventional self-charging hybrid power or a fully electric drivetrain, the versions that are inflating in value is the former.
In December 2023, you would have paid £17,900 for a 26-mont-old hybrid UX. Fast forward to December 2024, the price of a three-year-old example is now £20,000 – a £2,100 jump.
3. Renault Kadjar (2018-2022) – up 14.2%
Dec23 price: £11,783
Dec24 price: £13,450
Price increase: £1,667
Cap hpi’s data shows a £1,667 inflation in the price of an average three-year-old example in December 2024 compared to average values for examples of this age in 2023
Renault’s Kadjar is the sister model to Nissan’s Qashqai – the latter being the nation’s favourite SUV model since it launched some 15 years ago. The Reanult, therefore, offers the same practicality though with different styling and an interior with a touch of French flair.
Cap hpi’s data is based on both petrol and diesel models and shows a 14.2 per cent inflation in the value of an average three-year-old example in December 2024 compared to prices in 2023.
2. Toyota Prius+ (2012-2021) – up 17.2%
Dec23 price: £16,400
Dec24 price: £19,233
Price increase: £2,833
The Prius+ is a pretty unique proposal: a hybrid MPV with extra seats and loads of space. Despite being removed from Toyota’s range some time ago, used buyers still want them
Toyota’s Prius+ offered something very unique when it entered the market some 12 years ago.
It was the first seven-seat hybrid model, using the hugely popular Prius as the platform for a uber-practical MPV.
Owners rate them highly, especially thanks to their around-town frugality that make it such a cheap school-run wagon.
Sold only with Toyota’s tried and tested 1.8-litre hybrid drivetrains, plenty of second-hand buyers still want these cars, despite the fact they disappeared from showrooms three years ago.
Values of three-year-old examples are up 17.2 per cent in 12 months.
1. Renault Captur (2019-2024) – up 17.7%
Dec23 price: £10,950
Dec24 price: £12,893
Price increase: £1,943
Renault’s supermini-sized crossover has enjoyed the most significant used price inflation in the last 12 months with three-year-old cars selling for 17.7% more than they were in Dec 2023
The Captur is Renault’s answer to the Nissan Juke, Peugeot 2008 and VW T-Cross in the compact crossover segment. Based on the Clio, it’s small enough for easily getting around busy town centres while still offering a slightly raised ride height over a conventional hatchback.
Values across all fuel types – petrol, diesel and hybrid – have inflated in the 2024. If you wanted a three-year-old example in December 2023, the average price was just shy of £11,000. In December 2024, a three-year-old Captur is priced at £12,900.
BIGGEST USED CAR PRICE FALLERS OF 2024
| MODEL | DEC23 PRICE | DEC24 PRICE | PRICE FALL | % FALL |
|---|---|---|---|---|
| SsangYong Korando DIESEL (2017-2020) | £10,783 | £7,917 | -£2,867 | -26.6% |
| Kia Stonic DIESEL (2017-2021) | £10,850 | £8,075 | -£2,775 | -25.6% |
| Maserati Levante (2017-present) | £39,994 | £31,289 | -£8,706 | -21.8% |
| Peugeot e-Rifter (2021-present) | £19,733 | £15,608 | -£4,125 | -20.9% |
| Renault Megane PHEV (2020-2022) | £16,375 | £13,125 | -£3,250 | -19.6% |
| Range Rover Velar HYBRID (2020-present) | £39,438 | £31,663 | -£7,775 | -19.7% |
| Hyundai Ioniq Electric (2019-2023) | £12,300 | £10,050 | -£2,250 | -18.3% |
| Vauxhall Astra HYBRID (2021-present) | £17,700 | £14,500 | -£3,200 | -18.1% |
| Nissan e-NV200 (2014-2022) | £15,681 | £12,875 | -£2,806 | -17.9% |
| Vauxhall Vivaro Life Electric (2020-present) | £19,183 | £15,767 | -£3,417 | -17.8% |
| Source: cap hpi based on 3-year-old examples with 30,000 miles | ||||
SsangYong’s Korando was the biggest used price deflator over the last 12 months. Three-year-old cars lost 26.6% of their price year-on-year
Kia’s Stonic with diesel engines was another second-hand model that appears to have fallen out of favour in 2024
Cap hpi says the Maserati Levante’s deflation in used value for average three-year-old examples of 21,8% is equivalent to a loss of £8,706
A number of electric people carriers made the list of top 10 used price deflators, including the Peugeot e-Rifter (pictured)
The top 10 biggest used price deflators also included a number of hybrids, including Renault’s Megane PHEV
The biggest price fallers includes plenty of electric models, with battery people carriers including Vauxhall’s Vivaro (down 17.8 per cent), Nissan e-NV200 (down 17.9 per cent) and Peugeot’s e-Rifter (down 20.9 per cent) among the ten most significant price deflators across three-year-old models.
Hyundai’s Ioniq Electric, down 18.3 per cent also features in the list.
Hybrid variants of the Vauxhall Astra (down 18.1 per cent), Range Rover Velar (down 19.7 per cent) and plug-in hybrid Renault Megane (down 19.6 per cent) have all suffered losses over the last 12 months too.
However, the biggest deflations of all are for the SsangYong Korando diesel, Kia Stonic diesel and Maserati Levante SUV.
All posted deflation in the region of 21.8 per cent and 26.6 per cent. For the Levante, this represents a like-for-like fall in value of mote than £8,700 in 12 months, while for the biggest faller – the Korando – it has shed almost £3,000 of last year’s price.