Used car values fell again in July with average trade prices dropping by 0.7%. The latest data from Cap HPI show was labelled as ‘the traditional summer slowdown’, but it was the fourth month in a row where used car values have ‘outperformed seasonal norms’. However, beneath the headline figures the valuation experts say the used car market is becoming increasingly divided, with buyers becoming far more selective about the stock they are willing to purchase. The findings echo recent data from Autotrader, which found the used car market remained resilient during June despite the traditional seasonal slowdown. The marketplace reported average retail used car prices were up 0.8% year-on-year – the strongest annual growth since August 2023 – while transactions rose by around 1% and the average used car continued to sell in around 30 days.