The used car market in the UK is at its strongest level in six years, new figures from cap hpi have revealed.

Motor Trader reported on the trend, with the data showing that used car values climbed by 1.2 per cent on average since the beginning of this year. This is compared to a 0.7 per cent fall in 2017.

Derren Martin, head of current valuations at cap hpi, told the news provider that an increase in value at this time of year isn’t unusual, but that the size of this increase is what’s got people’s attention this year.

In terms of the kinds of cars people are buying second-hand, he noted that the strongest categories are city cars, superminis and lower medium-sized cars. “The increase in demand for smaller vehicles is partly as a result of consumers downsizing but also a desire for petrol vehicles,” Mr Martin explained.

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The latest Auto Trader retail price index found that the average price of a used car was six per cent higher in February this year than the same month in 2017, coming in at £12,768, Car Dealer Magazine reported.

It also noted that 22 per cent of searches on the platform are by fuel type, and that diesel cars still seem to be slightly more popular than their petrol counterparts, with 53 per cent of people searching for these types of vehicles in February.