Used Car Prices Plummet in 2024: Vauxhall Model Leads the Way
Are you in the market for a used car? Well, you’re in luck because 2024 has seen a significant drop in prices for several popular models. According to data collected by Autotrader and reported by Car Dealer Magazine, cars from brands like Tesla, Nissan, and Audi are now available at much lower prices than before.
One of the most notable drops in price is the Vauxhall Corsa-e, which has seen a 25% decrease so far this year, with an average asking price of £15,377. This electric vehicle, which has a starting price of around £33,000 new, is now much more affordable for those looking to go green on a budget.
Following closely behind is the Audi e-tron GT, with a price drop of 24.2%, bringing the average cost to £61,555 for a used model. This stylish EV, which rivals the Porsche Taycan in the luxury electric car category, is now more accessible to those looking for a high-end electric vehicle.
In third place is the Tesla Model Y, which has dropped by 24% and now has an average price of £37,832. This popular model, which was one of Europe’s best-selling cars last year, is now even more appealing to budget-conscious buyers.
Other models that have seen significant price drops include the Toyota Prius+, Nissan Leaf, DS 3 Crossback, Mazda MX-30, Volkswagen e-up!, Tesla Model S, and more. With prices falling across the board, now is a great time to shop for a used car and snag a great deal.
According to Richard Walker, Auto Trader’s data and insights director, the used car market remains strong, with robust consumer demand and cars selling quickly. This balance of market dynamics is leading to stabilizing retail prices and making it a bit more challenging for retailers to find profitable cars.
If you’re in the market for a used car priced under £11,000, experts at CarGurus have shared five of the best picks, including the Volvo V40, which now has an average price of £10,302 for a model from around 2016. Additionally, Volvo recently announced a revival of two beloved estate models, nearly a year after they were discontinued.
Overall, 2024 is shaping up to be a great year for those looking to buy a used car, with prices dropping across the board and plenty of great deals to be had. Whether you’re in the market for an electric vehicle, a luxury car, or a budget-friendly option, now is the time to start shopping and take advantage of these price drops.