Older Used Cars Experience Price Surge as Demand Outstrips Supply

The used car market is witnessing a remarkable shift as older vehicles experience unprecedented demand, with 5-10 year old cars and vehicles over a decade old recording the largest price increases across the sector, according to latest industry data.

Mature Vehicles Lead Market Growth

Robust consumer demand, particularly within the 5-10 and over 10-year-old vehicle cohorts, is driving significant price appreciation as buyers increasingly recognise the value proposition of proven, established models. Demand for these age groups is rising at a faster pace than supply entering the market, creating competitive conditions that benefit quality-focused dealers like Quality Cars & Commercials.

A recent study has found that vehicles aged 5-10 years have seen average prices grow 1.5% month-on-month and 1.1% year-on-year to £13,866, while cars over a decade old have surged 3.3% month-on-month and 1.4% year-on-year to £6,545.

The Wisdom of Maturity

This trend reflects changing consumer attitudes toward vehicle ownership. Today’s buyers are discovering that older, well-maintained vehicles offer compelling advantages: proven reliability records, lower insurance costs, reduced depreciation, and freedom from complex modern systems that can prove expensive to maintain.

“We’re seeing increasing interest from customers who specifically want vehicles that have stood the test of time,” explains Quality Cars & Commercials. “A well-maintained 7-year-old car has demonstrated its reliability, while offering modern safety features and comfort at a fraction of the cost of newer alternatives.”

Market Dynamics

The price appreciation in older vehicle segments highlights a fundamental shift in the automotive market. As new car prices continue climbing and supply constraints persist, consumers are recognising that mature vehicles represent exceptional value propositions.

“The market is telling us that age doesn’t determine value – quality does,” continues the Quality Cars & Commercials spokesperson. “Our customers understand that a properly maintained 8-year-old premium vehicle can deliver years of reliable service at a price point that makes financial sense.”

Looking Forward

As the trend toward older vehicle appreciation continues, Quality Cars & Commercials remains committed to sourcing and presenting the finest examples across all age categories. The dealership’s success demonstrates that independence, quality focus, and comprehensive service support are driving forces in today’s evolving automotive landscape.