This statistic shows the average difference in price of cars sold at auction relative to their original price when sold new according to age group in the United Kingdom (UK) in January 2016. Cars aged between 0 and 2.5 when they were sold at auction, on average, maintained 55.3 percent of their original value. This loss of value increased with age so that cars older than 10.5 years, on average, were worth only 5 percent of their original value.
Value loss relative to original price of cars sold at auction in the United Kingdom (UK) in January 2016, by age group
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Retail Motor Industry Federation . (January 1, 2016). Value loss relative to original price of cars sold at auction in the United Kingdom (UK) in January 2016, by age group [Graph]. In Statista. Retrieved February 27, 2021, from https://www.statista.com/statistics/313115/auctioned-car-original-value-loss-by-age-united-kingdom/
Retail Motor Industry Federation . "Value loss relative to original price of cars sold at auction in the United Kingdom (UK) in January 2016, by age group." Chart. January 1, 2016. Statista. Accessed February 27, 2021. https://www.statista.com/statistics/313115/auctioned-car-original-value-loss-by-age-united-kingdom/
Retail Motor Industry Federation . (2016). Value loss relative to original price of cars sold at auction in the United Kingdom (UK) in January 2016, by age group. Statista. Statista Inc.. Accessed: February 27, 2021. https://www.statista.com/statistics/313115/auctioned-car-original-value-loss-by-age-united-kingdom/
Retail Motor Industry Federation . "Value Loss Relative to Original Price of Cars Sold at Auction in The United Kingdom (Uk) in January 2016, by Age Group." Statista, Statista Inc., 1 Jan 2016, https://www.statista.com/statistics/313115/auctioned-car-original-value-loss-by-age-united-kingdom/
Retail Motor Industry Federation , Value loss relative to original price of cars sold at auction in the United Kingdom (UK) in January 2016, by age group Statista, https://www.statista.com/statistics/313115/auctioned-car-original-value-loss-by-age-united-kingdom/ (last visited February 27, 2021)