Used EV and hybrid prices down 10% YoY but signs of stability
Prices of Britain’s most popular used electric and hybrid vehicles rose by 1% in the final three months of 2024, but remain down 10% year-on-year.
Prices of second-hand EVs and hybrids are starting to stabilise after a long spell of volatility
AA Cars said the rise, revealed in the latest Used Car Index, was a sign that the recent market volatility is easing.
James Hosking, director of AA Cars, commented: “Prices of second-hand EVs and hybrids are beginning to stabilise after a long spell of volatility.
“More than half of the most popular EVs and hybrids on our platform have edged up in value over the past three months, suggesting we may be starting to turn a corner.”
But despite the recent increase, prices are still 10% lower than the same period in 2023, following a long period of depreciation after a surge of fleet-owned EVs into the second-hand market.
The biggest price risers since the third quarter of 2024 are the Lexus RX (9%), Toyota Camry (7%) and Toyota Prius (6%), while the Toyota Yaris remains the most loved of all EVs and hybrids on the platform.
As for the biggest fallers among the top 20 over the past year, the Nissan Leaf has gone down 23% in value since the final quarter of 2023, while the Renault Zoe and Mitsubishi Outlander are down 22% and 20% respectively.
Most searched-for EVs and hybrids in Q4 2024, with annual and quarterly price changes
| Most popular Hybrid/EV ranking | Make and model | Average price this year (Q4 2024) | Average price last year (Q4 2023) | Average price last quarter (Q3 2024) | Annual price change (Q4 2023 to Q4 2024) | Quarterly price change (Q3 2024 to Q4 2024) |
| 1 | Toyota Yaris | £15,612 | £17,630 | £15,597 | -11% | 0% |
| 2 | Toyota Prius | £11,671 | £14,383 | £11,020 | -19% | 6% |
| 3 | Honda Jazz | £17,103 | £18,455 | £17,364 | -7% | -2% |
| 4 | Nissan Leaf | £11,995 | £15,506 | £11,404 | -23% | 5% |
| 5 | Kia Niro | £19,557 | £22,224 | £19,464 | -12% | 0% |
| 6 | Toyota C-HR | £20,006 | £20,397 | £19,477 | -2% | 3% |
| 7 | Toyota RAV4 | £25,320 | £26,896 | £24,334 | -6% | 4% |
| 8 | Nissan Qashqai | £23,478 | £25,538 | £23,859 | -8% | -2% |
| 9 | Toyota Auris | £10,382 | £12,183 | £10,902 | -15% | -5% |
| 10 | Kia Sportage | £25,932 | £26,431 | £25,782 | -2% | 1% |
| 11 | Toyota Corolla | £18,992 | £20,915 | £19,019 | -9% | 0% |
| 12 | Mitsubishi Outlander | £12,831 | £15,970 | £13,237 | -20% | -3% |
| 13 | Lexus RX | £29,441 | £35,275 | £27,104 | -17% | 9% |
| 14 | Tesla Model 3 | £23,197 | £26,458 | £22,475 | -12% | 3% |
| 15 | Ford Kuga | £25,415 | £25,568 | £25,568 | -11% | -1% |
| 16 | Renault Zoe | £10,065 | £12,850 | £10,260 | -22% | -2% |
| 17 | Lexus CT | £12,314 | £14,181 | £11,857 | -13% | 4% |
| 18 | Honda CR-V | £26,779 | £27,473 | £27,000 | -3% | -1% |
| 19 | BMW 3 Series | £23,152 | £21,864 | £24,123 | 6% | -4% |
| 20 | Toyota Camry | £19,634 | £21,796 | £18,412 | -10% | 7% |
Prices for the most sought-after petrol and diesel cars have held up better over the past year, falling by 4% to £17,364 in the final quarter of 2024.
Compared with Q3, average prices saw a slight decrease of 1% in Q4, down from £17,560.
The Vauxhall Corsa held onto the top spot as the most popular used car at the end of 2024, ahead of the Nissan Qashqai and Ford Fiesta.
Offering the best value for money currently are Ford Transits (-19%), Volvo XC40s (-18%) and Ford Fiestas (-13%), which have all registered double-digit price falls over the past year.
Most searched-for vehicles in Q4 2024, with annual and quarterly price changes
| Most popular car ranking | Make and model | Average price this quarter (Q4 2024) | Average price last year (Q4 2023) | Average price last quarter (Q3 2024) | Annual price change (Q4 2023) | Quarterly price change (Q3 2024 – Q4 2024) |
| 1 | Vauxhall Corsa | £9,756 | £9,768 | £9,474 | 0% | 3% |
| 2 | Nissan Qashqai | £15,717 | £15,060 | £15,415 | 4% | 2% |
| 3 | Ford Fiesta | £8,995 | £10,294 | £8,942 | -13% | 1% |
| 4 | Ford Focus | £11,018 | £12,002 | £10,811 | -8% | 2% |
| 5 | Audi A3 | £19,428 | £18,974 | £20,356 | 2% | -5% |
| 6 | Mercedes A Class | £17,516 | £19,037 | £17,639 | -8% | -1% |
| 7 | Volvo XC40 | £28,760 | £35,193 | £32,410 | -18% | -11% |
| 8 | Volkswagen Polo | £12,299 | £12,408 | £12,165 | -1% | 1% |
| 9 | Nissan Juke | £13,518 | £12,900 | £13,008 | 5% | 4% |
| 10 | Volkswagen Golf | £16,489 | £17,913 | £16,717 | -8% | -1% |
| 11 | Ford Transit | £17,094 | £21,021 | £17,184 | -19% | -1% |
| 12 | Kia Sportage | £18,959 | £18,080 | £18,561 | 5% | 2% |
| 13 | Ford Kuga | £16,951 | £17,374 | £16,739 | -2% | 1% |
| 14 | Audi A1 | £16,138 | £15,232 | £16,282 | 6% | -1% |
| 15 | Toyota Yaris | £14,715 | £14,660 | £14,521 | 0% | 1% |
| 16 | Volkswagen Tiguan | £21,571 | £22,132 | £21,682 | -3% | -1% |
| 17 | Audi Q3 | £26,268 | £25,486 | £26,739 | 3% | -2% |
| 18 | Audi Q5 | £31,512 | £30,533 | £31,999 | 3% | -2% |
| 19 | Vauxhall Mokka | £12,685 | £12,518 | £12,579 | 1% | 1% |
| 20 | Ford Puma | £17,903 | £19,388 | £17,974 | -8% | 0% |
Natalie Middleton
Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.
