A survey by Mobiauto, an online vehicle sales platform, shows that only one pre-owned model (with up to 3 years of use) increased in value in 2024. The ranking, made at the request of InfoMoneyshows that the depreciation trajectory of used cars, after a peak in appreciation during the pandemic period, continued this past year.
And the only used car that arrived at the end of 2024 worth more than the previous year was an imported model.
The 2022 Peugeot 208, manufactured in Argentina, was traded at an average price of R$75,277 now in December, according to Mobiauto, which represents an increase of 1.63% compared to the same period in 2023.
A new version of hatch will hit the market in 2025 with a new look and a new engine. The HB20 models (hatch) and HB20S (sedan) from Hyundai did not rise in price within the pre-owned segment, but they are among those that lost the least value in 2024.
The following list shows which vehicles had the lowest discounts this year.
1º Peugeot 208: +1,63%
2º Hyundai HB20S: -1,35%
3º Hyundai HB20: -2,02%
4º Fiat Cronos: -5.46%
5º Volkswagen Voyage: -7,83%
6º Hyundai Creta: -8,02%
7º Honda City: -8,50%
8º Chevrolet Tracker: -8,76%
9º Volkswagen Nivus: -9.96%
10º Audi A3: -10.57%
(Source: Mobiauto)
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Interestingly, the French company Peugeot also tops the list of used cars that lost the most value in 2004, with its compact SUV, the Peugeot 2008. According to Mobiauto, the model ended the year 32.1% cheaper than it was at the end of 2023. The ranking of the 10 biggest price drops in the period was dominated by SUV models, as you can see in the order below.
The used cars that depreciated the most in 2024
1º Peugeot 2008 (old generation) 2022: -32.71%
2º Citroën C4 Cactus 2022: -30.01%
3º Jeep Compass 2022: -26,60%
4º Volkswagen Amarok 2022: -26.26%
5º Chevrolet S10 (cabine dupla) 2022: -25,79%
6º Fiat Toro 2022: -25.12%
7º Mercedes-Benz GLB 200 2022: -24,14%
8º Jeep Renegade 2022: -23,12%
9º Chevrolet Trailblazer 2022: -21,01%
10º Fiat Strada 2022: -20.76%
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(Source: Mobiauto)
Trends for 2025 in used cars
Ycaro Azevedo, CEO of Vaapty, another vehicle purchase and sale intermediation platform, explains that despite another year of widespread depreciation among used cars, values have not yet found a balance point in relation to the pre-pandemic period.
“The gain was so great that the [preços dos] cars are still above what they should be being sold”, he states. This also occurs, according to him, because the demand for brand new vehicles also continues to be strong.
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The most recent survey by the National Federation of Motor Vehicle Distribution (Fenabrave) shows that Brazilians purchased 2,241,098 cars between January and November this year, including cars and light commercial vehicles. This represents an increase of 15.36% compared to the same time frame in 2023.
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The depreciation of used cars is natural, explains Azevedo, but it tends to be impacted by the complicated macroeconomic scenario that is shaping up for 2025. He believes that, with the economy deteriorating, the seller will need to lower the price even further to be able to sell the vehicle.
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“People in the world of pre-owned vehicles need to research, access the available platforms to understand the value at which the vehicles are being sold”, says the CEO of Vaapty.
