A new car costs in the range of £12,000 to £17,000 if you're going for a small car such as a VW Polo or Ford Fiesta, while a medium-sized car such as a Ford Focus or VW Golf will be priced in the region of £22,000 to £36,000.
How much have car prices increased in 2021 UK?
In 2021, the average used car price increased 30%, with some models going up 70%. There have even been instances of used cars being more expensive than their new equivalents. In late 2021, a one-year-old Dacia Sandero was selling for about ਲ,000 more than the circa-ਹ,500 price of a new model, for example.
Will used car prices drop in 2021 UK?
“While there is no doubt the UK's used car market faces challenges in quarter four and into 2023, Glass's does not expect a crash in used car values. There is likely to be more depreciation than we have seen over the past two years, but that is not unusual as cars have historically been a depreciating asset.
Are UK car prices coming down?
While new car prices declined -1.4% in September from August's all-time high, they will likely remain elevated through the end of 2022 as inflationary pressures persist, before easing slightly in 2023. “There's still a lot of inflation bubbling up in the new vehicle supply chain.