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Revealed: Strong demand for used cars sees some models RISE in value

  • Demand for some used cars is so strong, prices are increasing
  • Topping the list is the Toyota Aygo, followed by a glut of small cars
  • Data was analysed by AA Cars
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Time 7:33 am, November 8, 2023

Some used cars are defying the norm and are increasing in value as they age due to strong demand, a new survey has found.

AA Cars analysed the average price of three- and five-year-old models in Q3 2021 with the same period this year, and found that the values of some vehicles have risen despite the cars being two years older.

In all, seven of the UK’s most popular used cars have seen their prices rise over the past two years.


Topping the list of appreciating used cars was the Toyota Aygo with five-year-old examples worth 15.7% more than three-year-old versions in 2021.

A three-year-old Aygo bought in the third quarter of 2021 was worth £8,331 on average – but the same car at five years old is worth £9,636 this year.

The second most-popular car was the Vauxhall Corsa. The price of this model at three years old in 2021 was £8,754, but the price of a five-year-old version in 2023 came in at £9,791 – an increase of 11.9%.


The Ford Fiesta, one of the UK’s most popular cars in recent years in both new and used car sector, was sixth in the survey.

Further analysis by AA Cars of the cost of the most searched-for cars on its site found that prices remain 3.4% higher than last year.

However, the average prices of the UK’s most popular used cars fell by 1.4% between the second quarter of the year and the third.

Mark Oakley, director of AA Cars, said: ‘With the exception of some classic vehicles, we rarely see cars increase in value as they age. Yet persistent supply shortages mean some of the most in-demand models are still appreciating even as they sit on the driveway.

‘This includes the Ford Fiesta, which consistently tops the list of the UK’s most popular cars, and the trendy city car the Fiat 500.

‘Used cars less than three years old have often been bought on finance, and many have had just one owner — meaning they are often in good condition, and could be a great choice for drivers seeking value for money.’

Auto Trader recently told Car Dealer that despite overall used car prices softening, demand for second-hand cars remains very strong.

The used cars rising the most in value despite being older

1. Toyota Aygo

Price of three-year-old car in Q3 2021: £8,331
Price of five-year-old car in Q3 2023: £9,635
Percentage increase: 15.7%

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2. Vauxhall Corsa

Price of three-year-old car in Q3 2021: £8,754
Price of five-year-old car in Q3 2023: £9,791
Percentage increase: 11.9%

3. Volkswagen Polo

Price of three-year-old car in Q3 2021: £12,579
Price of five-year-old car in Q3 2023: £13,592
Percentage increase: 8.1%

4. Fiat 500

Price of three-year-old car in Q3 2021: £8,972
Price of five-year-old car in Q3 2023: £9,626
Percentage increase: 7.3%

5. Toyota Yaris

Price of three-year-old car in Q3 2021: £12,273
Price of five-year-old car in Q3 2023: £12,865
Percentage increase: 4.8%

6. Ford Fiesta

Price of three-year-old car in Q3 2021: £11,455
Price of five-year-old car in Q3 2023: £11,910
Percentage increase: 4%

7. Ford Focus

Price of three-year-old car in Q3 2021: £14,152
Price of five-year-old car in Q3 2023: £14,255
Percentage increase: 0.7%

James Batchelor's avatar

James – or Batch as he’s known – started at Car Dealer in 2010, first as the work experience boy, eventually becoming editor in 2013. He worked for Auto Express as editor-at-large and was the face of Carbuyer’s YouTube reviews. In 2020, he went freelance and now writes for a number of national titles and contributes regularly to Car Dealer. In October 2021 he became Car Dealer's associate editor.

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