Prices of second-hand cars dropped 19% last month, according to an Alliance and Leicester Car Price Index survey.
In this used car category, small cars plunged 21.4%, followed by executive cars falling by 20.7%, with compact executive models depreciating by just over 20%.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
New car prices also fell last month, on average by about 3.2% in comparison to this time last year. Prices of nearly new cars – the one year-old category – also fell by 16.7 % in the 12 months to May 2000.
