Posh motor? They’re getting cheaper

Hard times are putting the brake on sales of luxury second-hand cars.

Average used-car prices for top brands such as Aston Martin, Jaguar and Bentley have gone down by up to 10% over the last month, according to search engine Adzuna.co.uk.

Buyers looking for second-hand cars are mainly opting for fuel-efficient rather than luxury models, the company added.

It said the average price of a used car in Britain had fallen 1.5% to £8,942 in the last three months.

The best deals at the moment are in Wales and south west England, where the average popular model is £300 cheaper than in other parts of Britain.

In Scotland, used-car prices have dipped 8% since earlier in the year, while Cardiff, Swansea, Bristol and Plymouth have seen the largest six-month falls in used car prices. The average used motor in these cities cost just £7,744 this month – 10% less than the national average.

Reading and Cambridge remain the most expensive cities in the UK to pick up a second-hand vehicle, with average prices for the last six months consistently above £12,500.

Adzuna said that there are more than 10,000 cars for sale in the UK for under £500 and that the cheapest car currently for sale is a 2001 Vauxhall Vectra in Blaenau Gwent in Wales, going for just £85.

The average price of a used Lamborghini in the UK is £73,181 and while French cars lose their value faster than cars from any other country, German cars depreciate least over time. There are also 121,000 silver-coloured cars for sale in Britain, Adzuna added.

Adzuna co-founder Andrew Hunter said: “It’s clear from these statistics that as we approach Christmas, cost, reliability and practicality are of paramount importance to car buyers in Britain today.”

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Sally - Silversurfer's Editor

Mother of three grown-up daughters and a proud grandma too, I am the ultimate multi-tasker and am passionate about my role as Silversurfers Website Editor and Social Media Manager. Always on the lookout for all things that will interest and entertain our community. Fueling fun for the young at heart!

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