New Cars in UK Lose 37% Value Less Than a Year After Purchase

Cars in the UK are losing more than a third of their value less than a year after leaving the dealership, as new Chinese entrants and discounting push used-vehicle prices lower.

In March, cars less than a year old were on average worth 63% of the price they were bought for, according to data from auto services company Cox Automotive. That’s up from 58% in December, but still the second-lowest level since data collecting began in early 2022.