July 14, 2024

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Soaring cost of people carriers drives used car prices even higher

They could possibly be the most unfashionable motor vehicles on the highway, but the cost of men and women carriers has soared as a lack of new stock and worry of public transport continues to generate the price of used cars ever higher.

The Seat Alhambra men and women provider has jumped by virtually 50pc to £18,900 compared with this time very last 12 months, even though the Renault Grand Scenic is up 44pc to £9,425, according to Car Trader.

The raises helped press the ordinary cost of a used auto to £17,366 very last thirty day period, 29pc higher than November very last 12 months. Selling prices have jumped by virtually £3,500 in the previous 6 months by itself.

Just one in 4 used cars a lot less than a 12 months old are now additional high priced than their new equivalents, Car Trader says.

The most important price gaps are observed amongst electrical cars these types of as the Good fourfour, which retails for £16,700 but a approximately new design will established customers again £22,490. The Mercedes-Benz EQA sporting activities utility automobile is selling for virtually £10,000 previously mentioned its £45,two hundred listing price.

A variety of factors are combining to inflate used auto rates as drivers keep their cars for extended thanks to lack of new motors triggered by a lack of laptop or computer chips.

The lack of sellers has put together with higher demand for cars as commuters try to avoid public transport to keep pushing up rates for customers who are unwilling to wait.