When will secondhand car prices go back to normal?

When do you think second hand prices of petrol and diesel cars will get back to the historical norm when a car lost 50% of its value in the first three years?

Asked on 27 March 2024 by Chris Curtis

Answered by David Ross
Used car prices have been affected by a number of issues, including a shortage of spare parts and difficulties in the supply of new vehicles, which has resulted in higher than expected used values. Because so many external factors can affect used car prices it is difficult to predict if and when there will be a change, but assuming the issues mentioned will be rectified then we may see a realignment of used values.

Although used values have been higher than normal, depreciation on new vehicles during the first three years tends to influenced more by the make and model of the specific vehicle, so some models will lose more 50% of their value in the first three years while others will lose less than this.
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