Not every make and model is subject to soaring prices. Here are some that are actually going down in value 📉
You don’t need us to tell you there’s a cost-of-living crisis. We’re reminded about it daily. Rampant inflation has spread its tentacles virtually everywhere, and the knock-on effect of ongoing supply issues has led to a well-publicised boom in used car values. You may have noticed. Anecdotal tales of excitable dealers calling customers to buy back three-year-old models are now legion.
Nevertheless, the car market is both very large and wonderfully fickle. As ever, there is supply and there is demand, and while the relationship between the two tends to favour the seller at the moment, is it certainly not an all-encompassing scenario. For a multitude of reasons, depreciation continues to work its magic in the buyer’s favour, even in a used car market where prices are said to be up 12.9 per cent year-over-year.
We know this because our brothers and sisters at CarGurus have been banging their heads against the data, and have emerged with a list of ten cars where the average listing price has melted like a dropped 99 on Brighton seafront. We won’t bore you with the whole list but there are some notable takeaways for the PH-minded.
Number one, the 2019 BMW 2 Series - which just happens to be at number one thanks to a whopping 18.4 per cent drop from an average list price of £27,532 in July 2021, to £22,458 last month. Now, we should hasten to add that includes not just the coupe and convertible , but also the Gran and Active Tourer so caution should obviously be exercised in drawing trim-specific conclusions.
Which is brilliant news for canny used buyers, because the G30 is mostly superb. And the choice is endless: there are 854 of them on PH alone, and if you’re content with a 2.0-litre engine and a few miles on the clock, you can pick up an older model for less than £15k. For less than £30k, you can get
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