Used car prices continued to realign in June but remained above last year’s levels, as stable stock and strong demand for older vehicles helped support dealer margins, according to the latest Cazoo Market View.
The average price of a used car on Cazoo was £17,471 in June, down 0.9% or £155 month-on-month,
Despite six consecutive monthly falls, prices were still 1.7% or £291 higher than in June 2025. Since January, average prices have fallen by 1.8%.
Cars aged over 10 years remained the strongest-performing age band, with average prices up 9% year-on-year to £7,574. However, June also marked the first monthly fall for this segment in 2026, with values down 0.8%.
The resilience of older stock helped drive a 10.7% year-on-year rise in average independent dealer prices, from £12,854 to £14,227. Independent dealer prices dipped just 0.3% month-on-month.
Lucy Tugby, chief marketing officer of Cazoo, said: “Used car prices have performed strongly for dealers during the first six months of 2026, with prices consistently tracking above where they were last year.
“The affordability of older cars continues to resonate with many buyers. Our viewing data shows high levels of online searches for cars aged over 10 years, with sales potentially delivering some decent margins, especially for independent dealers.”
Stock levels remain stable
Dealer stock levels averaged 54 units in June, unchanged both month-on-month and year-on-year.
Petrol remained the dominant fuel type, accounting for 51.8% of used cars listed by dealers on Cazoo. That was up 2% both month-on-month and year-on-year.
Diesel continued to decline, accounting for 30.4% of listings, down 1.5% month-on-month and 3.8% year-on-year. Alternative fuelled used cars fell to their lowest share of the year at 17.8%, having peaked at 21.2% in March.
EVs accounted for 6.6% of listings, having fallen every month since reaching 9.9% in March. That represented a 3.8% monthly fall and a 1.3% year-on-year decline.
Hybrids performed better, with an 11.3% share, down 2.4% month-on-month but up 2.2% year-on-year.
Tugby added: “We tracked a further rise in online views for used EVs in June, which helped nudge average prices up by 2.1% MoM to £24,441, suggesting an imbalance between supply and demand which is rewarding dealers actively sourcing and listing good quality used EVs.”