7:22 am, August 13, 2020
The Peugeot 2008 was the used car that rose the most in price in July as high demand for used cars continues.
Data compiled by Auto Trader exclusively for Car Dealer shows the average asking price in July for a Peugeot 2008, up to one year old and in Allure, petrol, manual trim was £15,368 – £2,550 or 19.9 per cent more than in June.
The figures showed the 2008 (see the latest prices here) was comfortably ahead of some more premium models such as the Audi A4 and BMW’s 1 Series with the whopping rise.
Following the Peugeot 2008 were the Kia Carens, Nissan Qashqai, Nissan Juke, VW Passat, Peugeot 208, Ford Fiesta, Peugeot 308 SW, BMW 1 Series and Audi A4
Meanwhile, at the other end of the spectrum, the data showed the car that fell the most in price was the Vauxhall Astra GTC.
It was followed by two variants of the Ford EcoSport, Vauxhall Corsa, Dacia Logan MCV, Vauxhall Astra Estate, Mercedes GLS, Hyundai i20, Kia Optima Estate, Vauxhall Grandland X.
Top 5 cars price increases in July
- Peugeot 2008 (Allure, petrol manual, up to 1 year) £12,818 (June) / £15,368 (July – difference: £2,250 / 19.9%
- Kia Carens (3, diesel manual, 3-5yrs) £11,945 (June) / £13,995 (July) – difference: £2,050 / 17.2%
- Nissan Qashqai (Acenta Premium, diesel, manual, up to one year) £15,686 (June) / £18,322 (July) – difference: £2,636 / 16.8%
- Nissan Juke (Tekna, petrol, manual, up to 1 year) £14,815 (June) / £17,241 (July) – difference: £2,426 / 16.4%
- Volkswagen Passat Estate (R-Line, diesel, manual, 3-5yrs) £11,676 (June) / £13,271 (July) – difference: £1,595 / 13.7%
Top 5 cars price decreases in July
- Vauxhall Astra GTC (SRi, diesel, manual, 3-5yrs) £8,740 (June) / £7,256 – difference: -£1,484 -17.0%
- Ford EcoSport (Titanium, diesel, manual, 1-3yrs) £13,118 (June) / £11,826 (July) – difference: -£1,292 / -9.8%
- Vauxhall Corsa (SE Nav , petrol, manual, up to 1 year) £11,949 (June) / £10,927 (July) – difference: -£1,022 / -8.6%
- Ford EcoSport (Zetec, diesel, manual, 1-3yrs) £10,987 (June) / £10,194 (July) – difference: -£793 / -7.2%
- Dacia Logan MCV (Laureate, diesel, manual, 3-5yrs) £6,273 (June) / £5,865 (July) – difference -£408 / -6.5%
Commenting on the figures, Richard Walker, director of insights and data, told Car Dealer: ‘It’s encouraging to see that with the one exception, price increases made by retailers between June and July were greater than the price reductions.
‘It’s a strong position for retailers to be in and reflects the current supply-and-demand dynamics we’re observing in the market.
‘Whilst the largest single price drop has increased from four per cent between April and May to 17 per cent between June and July, it’s worth noting that during the same period in 2019 it was 23.8 per cent.
‘What’s more, when looking at the number of vehicles which have recorded price reductions, only 22 model combinations experienced a month-on-month price drop greater than four per cent, compared to 186 made between June and July 2019.
‘It further supports our view that retailers are continuing to hold firm with their pricing and resisting the urge to cut prices to entice car buyers on to their forecourts.’
Read more used car stories in our dedicated section here
- Got a beef with your car manufacturer? Love your suppliers? Tell us why in our Car Dealer Power survey here.
- Get the latest news updates in our WhatsApp group. Broadcast only, headlines direct to your phone. Send us a message and ask to join here.
- There’s a fresh new design and exclusive content for Car Dealer! Download issue 149 for free here.
