
August Sees a Slight 0.6% Drop in Used Car Prices as Demand Stays Robust
9th Sep 2024
Cap HPI reports a 0.6% drop in used car prices in August, reflecting seasonal norms and strong demand, with electric vehicles selling quickly.

Cap HPI reports a 0.6% drop in used car prices in August, reflecting seasonal norms and strong demand, with electric vehicles selling quickly.

Head of the valuation at Cap HPI, Derren Martin while sharing his thought on the situation said, “With demand from dealers at a high, stock levels low and concerns over the future supply of used cars, there has never been a better time for consumers to cash in on their cars.”