- Used car prices have fallen back slightly more than usual in June
- Huge EV price falls are beginning to level out, with some electric cars rising
- Hybrids were the worst performers dropping the most in the month
- Watch our exclusive interview with Cap HPI valuations director Derren Martin
Used car prices have fallen 1.4 per cent in June as the drastic drops in electric vehicle values begin to ease. Speaking exclusively to Car Dealer Live, Cap HPI director of valuations Derren Martin said the drop is slightly ahead of the average fall in June of 1.2 per cent.
However, he pointed out that despite that there was ‘definitely no price crash coming’ and added the prices will now remain at this new level and fall gently from there.
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