BMW 530e (2017-present)
Thanks to its driver appeal, lavish interior, and class-leading refinement, as well as its potential for excellent fuel economy and its fantastic value on the used market, the 530e was declared champion. What Car? claimed that the vehicle could undertake any distance without the need to ever turn on the engine, adding it is “quiet enough to put full-on limousines to shame”.
Prior to claiming the overall title, the BMW took home the top honour in the Used Hybrid of the Year category.
The easing of demand is good news for any customer looking to get a great deal.
What Car?’s best value used car recommendations are more important than ever, with consumers facing a cost of living crisis.
Audi A3 (2013-2020)
The latest What Car? Used Car of the Year Awards also proved beneficial for Audi, which won three of the eight categories.
The Tesla Model 3 was named the Best Used Electric Car of the Year, which can be picked up for as little as £37,000 – more than £10,000 cheaper than a new model.
Based on the What Car? Reliability Survey, the Model 3 scored an impressive 94% rating, with any car problems being fixed for free.
Used Hatchback of the Year – Audi A3 (2013-2020)
Used Saloon Car of the Year – Audi A4 (2015-present)
Used Estate Car of the Year – Volkswagen Passat (2015-present)
Used SUV of the Year – Mazda CX-5 (2017-present)
Used Seven-Seater of the Year – Peugeot 5008 (2017-present)
Used Electric Car of the Year – Tesla Model 3 (2019-present)
Used Hybrid Car of the Year – BMW 530e (2017-present)
Used Sports Car of the Year – Audi TT (2014-present)
Whilst these are the best used cars on the market, used car values still appear to be increasing. Retail prices for used cars increased in October for the third consecutive month as stock levels and days to sell remained constant. According to the report, by eBay Motors Group, vehicles under five years old were primarily to blame for the price increases, which spread to all three of the major auto retailing sectors.
Luckily, Connected Car Finance will finance vehicles up to 18 years old. So, if your customer needs an older vehicle on finance, while prices remain higher for the newest models, we are on hand to help.