RESEARCH has revealed the used cars that have gained the most value over the past year.
Surprisingly the car with the largest price hike is a diesel people carrier, not an electric car.
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A joint effort by the This Is Money and car residual-value experts CAP HPI has revealed the top 20 used car stars.
Following the pandemic, new-car supply chain problems meant buyers turned their attention to used cars they could have now rather than wait months or even years for a new one.
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As a result, used car prices have exploded and these are the cars that saw the biggest growth.
All the cars were assessed at three years old with 30,000 miles, and their prices were compared in November 2022 versus November 2021.
The car with the biggest rise in value was the Mercedes V-Class (2019-present) which saw a 36% increase in price.
It means buyers of the big Merc need to shell out £14,400 more today than they did in 2021.
In second place is the quirky Citroen C-Zero Electric (2011-2019), which saw a 28.9% jump which equates to a £2,000 rise.
Third place went to the Toyota Prius (2016-2022) which is now 26.2% more expensive than before, or £4,600.
The full top 20 list looks like this…
Top 20 Use Car Stars
- 1. Mercedes-Benz V-Class diesel (2019-present) – up 36%
- 2. Citroen C-Zero electric (2011-2019) – up 28.9%
- 3. Toyota Prius hybrid (2016-2022) – up 26.2%
- 4. Mercedes-Benz S-Class petrol (2013-2021) – up 24.3%
- 5. Dacia Logan MCV diesel (2013-2020) – up 22.2%
- 6. Mercedes-Benz G-Class diesel (2019-present) – up 21.3%
- 7. Peugeot Ion electric (2011-2019) – up 19.9%
- 8. Volkswagen e-Up! electric (2013-2022) – up 19.8%
- 9. Alfa Romeo Mito diesel (2009-2019) – up 19%
- 10. Mercedes-Benz S-Class hybrid (2013-2021) – up 17.8%
- 11. Renault Zoe electric (2013-present) – up 16.8%
- =12. Hyundai Kona Electric (2018-present) – up 16.5%
- =12. SsangYong Tivoli petrol (2019-present) – up 16.5%
- 14. Nissan GT-R petrol (2009-2022) – up 16.2%
- 15. Hyundai i10 petrol (2013-2020) – up 15.8%
- =16. Citroen C1 petrol (2014-2022) – up 14.2%
- =16. Toyota Prius+ hybrid (2012-2021) – up 14.2%
- =18. Fiat Doblo diesel (2010-2019) – up 14%
- =18. Skoda Rapid diesel (2012-2019) – up 14%
- =18. Subaru Outback diesel (2015-2018) – up 14%
Speaking to the This Is Money, Derren Martin, cap hpi’s director of valuations said: “‘There’s not going to be much change with the supply of new cars into next year, which does have a knock-on effect for used stock.
“There has been an increase in production of new models, but it’s still very slow and the parts availability issues that have hampered manufacturers for the last two years show no sign of disappearing.”
Richard Walker, Auto Trader’s director of data and insights told the Daily Mail: “With levels of demand remaining robust, and no indication of a significant improvement in levels of supply anytime soon, we can expect used car prices to remain stable into the new year.”
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