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Which used car prices rose the most in May? New data shows month’s winners

Time 11 months ago

The biggest used car increases have been revealed – and MPVs and SUVs lead the way.

Latest data from Auto Trader based on around 900,000 cars shows that prices for three to five year old Renault Scenics rose the most, with an average price hike of £1,302 between April and May.

The French MPV was followed by two derivatives of the Peugeot 3008 SUV and its smaller brother, the 2008 SUV in fourth. The 2008 recorded the same percentage increase as the Mercedes-Benz B-Class MPV.

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The B-Class finished ahead of derivatives of the Renault Megane Estate, Audi Q5, Toyota Yaris and early examples of the current-generation Peugeot 3008 and the Volkswagen Touareg – all rising by around 11 per cent in May.

The Volvo V40 was the biggest loser in April to May – as previously revealed by Car Dealer Magazine.

The new data reflects wider trends in the used car market, with Cazana reporting used car values held firm during lockdown, and prices are bouncing back in the first two weeks of June – that’s according to Indicata.

Auto Trader’s data and insight director, Richard Walker, said: ‘It’s really positive data, as we can see the price reductions are far less than the price increases which is a very encouraging position for the market.’

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Top five biggest risers in May

1. Renault Scenic

Model: Dynamique Nav, diesel, manual
Age: Three to five years
Price rise: 15.7 per cent

The big French MPV found that three- to- five-year old Scenics in Dynamique Nav trim rose 15.7 per cent or +£1,302 to £9,616.

2. Peugeot 3008 Alure diesel

Model: Allure, diesel, automatic
Age: Three to five years
Price rise: 14.9 per cent

Prices for the 3008 in Allure trim with an automatic gearbox rose by 14.9 per cent in May, according to Auto Trader data. The average selling price was £11,840.

3. Peugeot 3008 Allure petrol

Model: Allure, petrol, manual
Age: Three to five years
Price rise: 13.6 per cent

Slightly lower than the Allure diesel automatic was the petrol manual version. According to Auto Trader data, its average selling price in May was £12,368. It just goes to show the price variation between engine and gearbox combinations.

4= Peugeot 2008

Model: GT Line, petrol, manual
Age: Up to one year
Price rise: 12.1 per cent

Yet another Peugeot but this time the smaller 208-based 2008 in sporty GT Line trim. Prices for cars up to one year old were 12.1 per cent higher than they were in April. The average price was £17,146 in May.

4= Mercedes-Benz B-Class

Model: Sport, diesel, automatic
Age: One to three years
Price rise: 12.1 per cent

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Recording the same percentage increase as the Peugeot 2008 was the Mercedes B-Class. In Sport trim level and fitted with a diesel and automatic gearbox, one- to three-year old examples were on average priced at £17,758. Up by £1,846 or 12.1 per cent compared to April.

Investigation: What is the latest with used car pricing? 

More Used Cars stories can be found here

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.

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