We present today the latest insights from the week of September 27, focusing on the used car market. Our data show an extensive analysis of the automotive market trends in the UK that involve Internal Combustion Engine (ICE) vehicles and Electric Vehicles (EV).
Analysis of the Internal Combustion Engine Used Car Market
For the week ending September 27, a total of 591,908 ICE vehicles were listed by 10,447 dealers.
This suggests a slight 2.5% increase in the total listing from the previous week’s 585,440 vehicles. According to the price band graph above, the majority of listed cars ranged between £10,000 – £20,000. When comparing the price band distribution to the previous week, the numbers remained quite similar, except for the £10,000 – £20,000 range which slightly increased by 3.5%. However, the ICE dealer volume data showed that most dealers listed between 0-100 vehicles. The graph above illustrates the comparison of dealer volumes. Since the figures remain steady with almost no variation, this indicates a well-established and stable used ICE car market in the UK.
Analysis of Top 100 ICE Dealers by Volume
Analysing dealer volumes further, the top 100 dealers accounted for 37.5% of the total listings, slightly above the average market price. However, an increase of 2.5% in inventory was noticed for the current week.
Analysis of the Electric Used Car Market
For the week ending September 27, the market saw a total of 90,175 used electric vehicles listed by 4672 dealers. This significant growth in the electric used car market has marked a notable shift in buying patterns. According to the above graph, the majority of listed EVs ranged between the £10,000 – £20,000 bracket, followed by the substantial amount between the £20,000 – £30,000 range. This pattern reinforces the trends we saw in the previous week, with small but continuous growth across EV price bands. In terms of dealer volume, the number of EVs listed compared to ICE vehicles suggests that this market is relatively novel. However, as the above graph shows, EV listing volumes were seen scattered among several dealers. This could be due to dealers acclimating to the growing public interest in EV ownership.
Analysis of Top 100 EV Dealers by Volume
Comparing the top 100 dealers, they accounted for just over 62% of the total EV listings—an increase from last week—with an average price slightly higher than the regular market price.
Comparison: ICE vs EV
Our data shows a consistent preference for listings in the £10,000 – £20,000 range, both for EV and ICE vehicles. Interestingly, the average price of listed EVs (£26,750) is substantially higher compared to ICE cars (£19,037). This difference is to be expected, considering the advanced technologies involved in electric vehicles. Throughout the week, irrespective of the type, the majority of dealers were seen to list between 0-100 vehicles. With the number of EV listings rising steadily, it seems imperative for dealers in the automotive sector to adapt to this new age of electric vehicles. *includes electric vehicles, petrol hybrids and diesel hybrids.
