Used car market set to stabilise for first time since Covid

Used car prices are expected to stabilise in 2024 following a turbulent end to this year, as the market’s period of strong post-Covid values came to an end. 

Wholesale trade prices fell by 4.2% both in October and November, according to Cap HPI. In an announcement on 6 November, the firm cautioned that the market was moving “very quickly” and said values had fallen a further 1.5%