Home

News

Buying Tips

These are the cars that depreciate the most in the UK

According to a new study by an insurance company.

Cars that depreciate the most in the UK

Angel Sergeev

By: Angel Sergeev

May 16, 2024 at 3:01am ET

Add Motor1.com as a preferred source in Google

Comment

As the cost of motoring continues to climb, with record highs in 2023 and predictions of further increases in petrol prices, insurance, and car repairs in 2024, selecting a cost-effective vehicle is becoming increasingly crucial for UK drivers.

A recent study by Uswitch Car Insurance highlights the significant impact of depreciation on vehicle value. According to the analysis, which examined factors such as the average number of listings, median used price, and depreciation rate over a three-year period, the average car loses over half (54.7 per cent) of its value, with the top ten models averaging a depreciation loss of approximately £10,000.

Gallery: 2019 Peugeot 2008

2019 Peugeot 2008

Leading the list of vehicles that depreciate the most is the Peugeot 2008. This popular model for first-time car buyers sees a staggering 68 per cent drop in value over three years. Originally priced at £17,164, the Peugeot 2008's value plummets to £11,671, representing an average loss of £5,492.

In second place is the MG ZS, an SUV that depreciates by 67 per cent within the same period. This results in an average financial hit of £4,054 for its owners. Rounding out the top three is the Audi A3, an entry-level premium model that also experiences a 67 per cent depreciation rate. Owners of the Audi A3 can expect an average loss of £7,720 over three years.

What do you think?

View

Comments

Cars that depreciate the most in the UK (according to Uswitch Car Insurance)

Rank

Car

Listings

Median used price

Depreciation rate (3 years)

Average loss

The average price of car after loss

Peugeot 2008

3,167

£17,164

68%

£5,492

£11,671

MG ZS

2,433

£12,278

67%

£4,054

£8,226

Audi A3

7,690

£23,394

67%

£7,720

£15,673

Peugeot 3008

3,046

£20,531

57%

£8,828

£11,702

Kia Sportage

5,613

£28,794

54%

£13,245

£15,548

Vauxhall Mokka

2,159

£17,081

50%

£8,540

Ford Kuga

5,158

£21,666

48%

£11,266

£10,399

Vauxhall Corsa

8,431

£13,150

46%

£7,101

£6,049

Skoda Karoq

1,389

£18,769

45%

£10,322

£8,446

Hyundai Kona

2,051

£25,687

45%

£14,127

£11,559

The study also revealed that the Volkswagen Golf is the most in-demand second-hand car, with almost 12,000 listings, followed by the Ford Fiesta and Ford Focus. Bear in mind the research is based on data obtained by Uswitch Car Insurance and doesn't have the same scope as the generalised used car sales data, which the SMMT distributes. Hence the difference between the most popular used cars in the UK according to the different sources.

UK used car market: more insights

Peugeot 208 named UK’s fastest-selling used car in May

UK used car market sees surge in demand and transactions in April

Source: Uswitch Car Insurance

We want your opinion!

What would you like to see on Motor1.com?

Take our 3 minute survey.

- The Motor1.com Team

Share this Story

GO TO COMMENTS

(

)

Got a tip for us? Email: tips@motor1.com

View all comments ( )

Popular

Bugatti Restores One-Off Veyron With A Mirror-Like Aluminum Body

BMW Kept This Hatchback A Secret For Decades

Skoda Wants You To 3D Print Pieces Of Your Car At Home

The Gas BMW M3 Isn't Dead: Next-Gen Prototype Roars