Has your car gone up or down in value in 2024? Biggest used price movers revealed
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The post-Covid boom in second-hand car prices has now a distant vision in the rear-view mirror as used vehicle prices have softened in recent months. Auto Trader's Retail Price Index shows the average advertised price for a pre-owned motor across all ages and segments in November was £16,492.
![[Could the arrival of the new Toyota Land Cruiser be pushing up values of the previous-generation SUV? Used prices are up 10% in the last 12 months, cap hpi data shows]](https://i.dailymail.co.uk/1s/2024/12/17/13/93231421-14201489-image-a-88_1734440776977.jpg)
This is a down around 7 per cent on the same month in 2022, when the average used car price was £17,801. But there are still examples that are rising in value. The 10 biggest second-hand car price increases over the last 12 months - and the 10 most significant drops in value - have been revealed in exclusive data for This is Money by cap hpi.
![[The average price of a three-year-old Skoda Karoq is £1,500 higher today than it was in December 2023, cap hpi data shows]](https://i.dailymail.co.uk/1s/2024/12/17/13/93233425-14201489-The_average_price_of_a_three_year_old_Skoda_Karoq_is_1_500_highe-m-91_1734442610895.jpg)
The figures are based on three-year-old vehicles with an average of 30,000 miles on the clock. Rather than a measure of depreciation (how much a car loses in value as it gets older), we have conducted a like-for-like comparison of three-year-old examples in December 2024 and the same model as a three-year-old car sold in December 2023.
![[The previous-generation Hyundai Tucson is another great value used family car. As such, average second-hand values have inflated by 10.6% in the last 12 months]](https://i.dailymail.co.uk/1s/2024/12/17/13/93234347-14201489-image-a-93_1734443889763.jpg)
This provides a clearer picture of inflation - and deflation - in prices compared to a year ago. Here's the countdown... BIGGEST USED CAR PRICE RISERS OF 2024. Dec23 price: £20,607. Dec24 price: £22,593. Price increase: £1,986. Diesel powered BMW 4 Series Gran Coupes appear to be increasing in demand with average used values rising by almost 10% in 2024.
![[Seat's Ateca diesels - both 1.6 and 2.0-litre TDi powerplants - appear to be enjoying plenty of demand on the used market, given their 11.1% inflation in average values]](https://i.dailymail.co.uk/1s/2024/12/17/14/93234513-14201489-image-a-96_1734444346825.jpg)
Who said nobody want to buy diesels anymore? The BMW 4 Series Gran Coupe is proof there's still plenty of demand for the fuel type, especially among drivers who need a suitably large family saloon with lots of style and great fuel economy for longer journeys.
![[Given the unique market for seven-seat cars, affordable second-hand options - like the Seat Tarraco - can often be in significant demand, which is inflating the price of 3-year-old models]](https://i.dailymail.co.uk/1s/2024/12/17/14/93236157-14201489-image-a-98_1734446936183.jpg)
