Wales tops UK league for most affordable average used car prices in April, finds MOTORS Market View

Wales was the most affordable part of the UK to buy used cars in April with vehicles being retailed for £2,306 less than the national average, according to MOTORS’ Market View.

In its first Top 10 analysis identifying average used car price trends by region, MOTORS found cars in Wales averaged £14,519, compared to the national average of £16,825.

Wales also saw the biggest year-on-year drop in values, down 12% from £16,469 in April 2023, although prices rose £93 month-on-month.

The Midlands was in second place with cars averaging £15,932, having dropped 11% YoY, followed by North West England where prices averaged £16,016, having also dropped 11% YoY.

The most expensive region was London at £20,366, with prices down 0.5% MoM and down 6% YoY, followed by East Anglia at £18,073 and South Central England at £17,433.

The analysis also looked at the regional price variations of popular used car models including the Audi A3, Ford Fiesta and Volkswagen Golf.

Despite selling the most inexpensive cars, Wales was the most expensive place to buy an Audi A3 at £29,833, while the cheapest was North East England at £25,675.

Wales sold the cheapest Ford Fiestas at £15,929 and Scotland sold the most expensive at £18,023.

The most affordable place to buy a Volkswagen Golf was London at £22,025 and the most expensive was North East England at £25,411.

“Our analysis shows just how important a factor geographical location is to used car prices and why dealers need to keep tabs on regional as well as national prices when sourcing and pricing used cars,” said Lucy Tugby, Marketing Director of MOTORS.

“Significantly all 10 regions saw YoY price drops in April, ranging from 2% to 12%, while most saw MoM improvements of up to 4%. This further illustrates how the monthly price drops we have tracked since December halted in April with prices across the UK increasing by 1%,” said Tugby.

Average Used Car Prices by Region April 2024, MOTORS Market View

3North West England£16,0160.3%-10.7%
4North East England£16,2810.4%-11.3%
5South West England£17,1293.9%-2.4%
7South East England£17,334-2.1%-6.9%
8South Central England£17,4332.5%-8.5%
9East Anglia£18,0730.0%-9.5%

Source: MOTORS Market View April 2024