Understanding the stability of used car prices in 2025

If you’ve been thinking about buying a used car this year, you might be wondering whether now is the right time to make your move. The good news for buyers is that the used car market in the UK has remained remarkably stable throughout 2025, with average prices holding steady and cars selling faster than in previous years. But what’s driving this resilience, and what should buyers keep in mind when navigating today’s market?

Several factors have contributed to the stability of used car prices in 2025. First, the ongoing shortage of new cars, due to supply chain disruptions and component shortages, has kept demand for used vehicles high. With fewer new cars hitting the market, many buyers have turned to nearly-new or pre-owned options as a more immediate solution.

Additionally, the shift towards electric and hybrid vehicles has changed the dynamics of the used car market. As more drivers transition to greener vehicles, the supply of second-hand petrol and diesel models has tightened, further supporting prices in this segment.

Finally, the economic uncertainty faced by many consumers has encouraged buyers to consider the relative value and reliability of a well-maintained used car over the financial commitment of a brand-new model.

What does this mean for you?

For buyers, this stability is both good and bad news. On the one hand, it means you’re unlikely to see a dramatic drop in used car prices anytime soon, so waiting for a better deal may not necessarily pay off. On the other hand, it also means your chosen car is likely to retain more of its value over the coming years, providing peace of mind for those concerned about long-term costs.

How to get the best value

If you’re ready to buy a used car this year, here are a few tips to make sure you get the best possible deal:

1. Research market trends. Use online tools and market reports to understand the current price range for the models you’re interested in. This will give you a better idea of what constitutes a fair price.
2. Consider nearly new options. If you want the latest tech without the new car price tag, consider a nearly new model. These cars often come with low mileage and remaining manufacturer warranties, providing peace of mind.
3. Negotiate smartly. Don’t be afraid to negotiate with dealers - even in a strong market, there may still be room for price reductions or added extras, like extended warranties or free servicing.
4. Check the vehicle history. Always review a car’s history report to avoid costly surprises later. This will reveal any past accidents, outstanding finance, or other potential red flags.
5. Be flexible on features. If you’re willing to compromise on less critical features, you can often find a better deal. Focus on the essentials, like mileage, condition, and service history.

While the used car market may not offer the deep discounts that some buyers hope for, the stability of prices in 2025 reflects a strong, resilient market. With the right research and a flexible approach, you can still find excellent value without sacrificing quality. If you’re ready to make the leap, now might be the perfect time to find your next car – before prices change again.