Are used car prices still falling? June 2026 trends show steady stock and rising EV demand

June 2026 price overview

Used‑car prices found a clear level in June 2026 as dealer stock held steady, extending the patterns observed throughout the first half of the year. The latest Cazoo Market View report shows the average price of a used car on the platform at £17,471 in June – a modest 0.9% drop (£155) on a month‑on‑month basis, yet 1.7% higher (£291) than a year ago.

Although this marks the sixth consecutive monthly dip – a cumulative fall of 1.8% since January – every month continues to record an increase when compared with the same period last year. This dual movement underlines a market that is adjusting to supply‑demand dynamics while still outperforming the previous year.

Older cars drive price growth

The most notable price mover by age remains cars aged over 10 years. These older models posted a 9% year‑on‑year rise to an average of £7,574, despite a 0.8% month‑on‑month decline – the first monthly drop recorded for this segment in 2026. Robust pricing for older stock translated into a 10.7% year‑on‑year increase in average independent‑dealer prices, moving from £12,854 to £14,227, with only a 0.3% dip month‑on‑month.

Lucy Tugby, Chief Marketing Officer at Cazoo, highlighted the affordability factor: “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 decent margins, especially for independent dealers.”

Fuel‑type mix shifts

Petrol‑powered vehicles remain the dominant fuel type on the Cazoo platform, accounting for 51.8% of used‑car listings – up 2% both month‑on‑month and year‑on‑year. Diesel’s share continues to erode, falling to 30.4%, a decline of 1.5% month‑on‑month and 3.8% year‑on‑year.

Alternative‑fuel vehicles also slipped, reaching their lowest proportion of the year at 17.8% after peaking at 21.2% in March. Electric vehicles (EVs) fell to 6.6% of listings, decreasing each month since a March high of 9.9%, down 3.8% month‑on‑month and 1.3% year‑on‑year. Hybrids performed relatively better, holding an 11.3% share – down 2.4% month‑on‑month but up 2.2% year‑on‑year.

Rising demand for used EVs

Despite the shrinking share, demand for used EVs appears to be strengthening. Tugby noted: “We tracked a further rise in online views for used EVs in June, which helped nudge average prices up by 2.1% month‑on‑month to £24,441, suggesting an imbalance between supply and demand which is rewarding dealers actively sourcing and listing good quality used EVs.”

This price lift for EVs indicates that dealers who can secure quality electric stock may benefit from a market that is beginning to reward scarcity.

Stock levels and what dealers should watch

Dealer stock levels remained unchanged in June, averaging 54 units – a figure that held steady both month‑on‑month and year‑on‑year. With stock stabilising, price realignments are likely to be driven more by buyer preferences and fuel‑type shifts than by fluctuations in supply.

Key take‑aways for dealers include:

• Maintain a strong portfolio of vehicles over 10 years old to capture the continued appetite for affordable, well‑priced stock.
• Monitor petrol listings, as the segment remains dominant and is growing modestly.
• Consider expanding quality EV inventory, as rising online interest is already translating into higher average prices.

For further engagement, dealers can:

• Nominate yourself for a Used Car Award
• Join our breaking news WhatsApp group
• Sign up for daily email Car Dealer news bulletins
• Listen to the latest Car Dealer Podcast
• Read the latest digital issue of Car Dealer Magazine

The original post appeared on Car Dealer Magazine.