Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Small cars holding strong on the used market

Small cars are the strongest sellers on the used car market at the moment, according to the Vehicle Remarketing Association (VRA). Executive cars are the weakest, some of which are being marked down by 8%, according the latest VRA report.

The cars holding their value the most are low-mileage, recently registered small cars. Besides that, other strong sellers on the used market are examples of cars which have long lead times when new, such as the Skoda Yeti.

Fleet managers are holding onto their vehicles for longer, with four-years/ 80,000 miles becoming the norm rather than the exception lately. This means a shortage of good quality low mileage cars for used car dealers.

From a private buyers perspective it means the best bargains to be had currently are with larger cars, like executive saloons. It also means you’ll have to search hard to find a bargain if you’re in the market for smaller cars.

If you’re selling a small car, though, it means that, provided it’s in good condition, now is a good time to for it to be on the market, with plenty of buyers looking for a good price. 


Add a comment


Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17


48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH