It’s no secret that used car prices are on the rise — and for quite a few reasons.
With everyone emerging from a year of lockdown, many of you with cash saved up and a desire for an adventure, the demand for cars has seemingly never been higher.
With microchip shortages causing lengthy delays in new car deliveries though, it’s the used market seeing a massive boom in value.
Which cars are benefitting the most, though? Well thanks to new data from cap hpi, carwow can reveal the top 10 used cars rising most in value over the last 12 months.
I want to sell my car quickly and easily — how can I do that?
Ah well, carwow has recently launched a new service for just that. You can simply enter the reg for your car, provide a handful of details and then sit back and relax as our trusted dealers present you with an offer on your used car.
Simply tap the green button below to get started and see how much you could get for your car.
1. Suzuki Jimny (2005-18) – 61% (£5,633) average increase
The Suzuki Jimny is a cult favourite — how can you not love this cutesy 4×4?
Its problem is supply and demand, though. The latest generation of the car was hard to get a hold of when it was on sale, and now you can only buy it as a commercial vehicle rather than a passenger car.
It’s no real shock then that those wanting Jimny kicks have turned to the previous generation, and values are rocketing as a result — an average increase of 61%.
2. Volkswagen Beetle Convertible (2013-18) – 41.5% (£5,425) average increase
We’ve been stuck inside for a year, and many of us just want to simply treat ourselves now the world is opening back up. There’s not much better way to do that than with a convertible — and that’s reflecting in values.
The biggest mover is the final generation of the Volkswagen Beetle Convertible, with an average increase of 41.5% in value.
With no return of the Beetle in sight, this could be destined for future classic status too.
3. Audi TT Roadster (2014-19) – 39.8% (£7,095) average increase
You’ll quickly notice a theme emerging through this list — people want convertibles.
The next biggest beneficiary of this boom is the Audi TT Roadster, with an average price increase of 39.8% in the used market.
More specifically, the pre-facelift version of the current generation TT is the one people are clamouring for most. Not all too surprising when the alternative is to wait months upon months for a slightly upgraded version of the car for more money.
4. Ford Mustang Convertible (2015-present) – 39.1% (£9,060) average increase
If you order a new Ford Mustang Convertible, you’ll be waiting until at least early 2022 for delivery, and demand for used examples reflects the fact many of you in the market just aren’t prepared to wait.
Examples right from when this generation of the Ford Mustang arrived in the UK in 2015 to nearly-new cars are seeing rises, with an average rise of 39.1% in value.
5. Vauxhall Cascada (2013-2018) – 38.9% (£3,400) average increase
The Vauxhall Cascada hasn’t exactly become an icon since going off sale in 2018, but this often overlooked convertible is seeing a resurgence in demand too.
Prices on the market are up by an average of 38.9%, clearly reflecting just how in-demand convertible cars are at this moment in time.
6. Volkswagen California (2015-20) – 38.2% (£13,209) average increase
The Volkswagen California is probably the ultimate campervan, so it’s no shock to see a surge in values as we emerge from lockdowns.
International travel restrictions mean a lot of us in the UK are looking for camping adventures as an alternative, so it’s probably no coincidence prices for used Volkswagen Californias have risen by an average of 38.2%.
7. Mercedes SL (2012-18) – 38% (£12,383) average increase
Big, convertible Mercedes’ are usually a magnet for depreciation so the rise in used car values might be an opportunity for you to cash in if you’re planning to shift your SL.
Values of the luxo-barge convertible have increased by an average of 38% in the last 12 months — perhaps one that’s not here to stay, either.
8. Ford Focus RS (2015-18) – 37% (£8,350) average increase
The Ford Focus RS was already destined to become a future classic, but it looks as though its increase in value might become earlier than predicted.
The going rate for what looks to be the last Focus RS we’ll ever see has increased on average by 37% in the last 12 months.
9. Ford Mustang coupe (2015-present) – 37.2% (£8,350) average increase
Just like its convertible counterpart, the Ford Mustang coupe has seen a rise in values on the second-hand market over the last 12 months.
It’s not quite as much as the drop-top sibling at 37.2% — showing just how strong demand is for convertibles at the moment — but it’s an impressive figure nonetheless.
10. BMW Z4 (2009-18) – 36.6% (£6,015) average increase
Whether or not the bubble will burst remains to be seen, but there’s no doubting the difficulties in getting new cars is having a positive effect on those selling on the used market.
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