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Average used values decreased by 0.4%, or around £70 at three years and 60,000 miles, in July according to cap hpi.
The average movement since 2012 is a 1.1% decline. At the one-year age point, values dropped by 0.6% or c.£190. Older cars were marginally affected, dropping by 0.6% or £55 at five years old and 1.6% or £60 at ten years old.
Jeremy Yea, senior valuations editor at cap hpi, said: “The data highlights the strength of the used market as a whole and especially for the SUV sector, which makes up nearly 60% of our used sold data up to three-years-old.
“Battery Electric Vehicles have again experienced more pressure than other fuel types this month. However, the decline of just 1.0% or c.£135 at three years and 60,000 miles is consistent with more seasonal movements for this time of year.
“The rate of decline in BEV values has shown signs of improvement, with the -1.0% movement being the strongest month for BEVs so far this year.”
Of the BEV models at the three-year-old benchmark, 10% experienced an increase in value, compared to the previous month which was 7%, and 20% of the models remained at the same level, while 70% still declined in value.
Examples of this include the Polestar 2 (up 2.3%), Tesla Model X (up 2%), and the Kia E-Niro (up 2% or c.£240). Models that remained level were the Cupra Born, Tesla Model Y, and the VW ID.3. The model that experienced the most significant negative adjustments was the VW e Up (decrease of 5.1%).
Petrol vehicles fell by 0.4%, Diesel is marginally down by 0.2%, Hybrids fell by 0.4%, and Plugin Hybrids fell by 0.6%.