Why are used car prices increasing?

Why have used Audi Q7 gone up in price in the last year or so?

Asked on 24 May 2021 by Gordon Maclean

Answered by Andrew Brady
We don't have exact figures but have seen a steady increase in used car prices across the board. Car dealers have been closed during the various lockdowns, which has led to fewer new cars being sold and a decline in the number of used cars being part exchanged. Combine that with an increase in demand for used cars (people are treating themselves to a used car rather than a holiday, or swapping their expensive lease cars for more affordable used models) and prices are up. A car like the Audi Q7 is likely to be popular with staycationers, too – it's a big, comfortable SUV that'll be ideal for driving a family to Scotland or Cornwall.
Similar questions
My last car was an Accord estate, sold in Sep 2015 having been owned by me from new in 2007. WeBuyAnyCar offered me £2650 whilst the Mazda dealer where I bought my current Mazda 6 from didn't want to buy...
I have friend who has a mild form of glaucoma. Having reported it to DVLA, he was asked to get a test at an optician from a list advised by DVLA. He was told that he would hear from DVLA in two to three...
Out of the blue, my insurance company has offered to refund me £20 - a 6% refund on my annual premium for driving 80% less during the Covid period. The refund is limited to October-March. Should I grab...
 

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 12% on GAP Insurance

Use HJ21 to save on an ALA policy

See offer