Holiday drop? The last week of the year saw 50 fewer dealers selling EV’s and a significant increase in days to market from 71 to 78 days. More than likely just reflecting the time of year but January will be interesting to see if the trend reverses. Key Points There was a slight decrease in… Read More »UK Weekly Used Electric Car Market Data – 30th December 2023
Key Points In the period within 16th and 23rd December 2023, there is a slight drop in the total number of dealers from 10,098 to 10,073 while the total rooftops increased from 13,987 to 14,043. The total advertised numbers for that period fell from 909,300 to 902,543 with an increase of average days on the… Read More »UK Weekly Used Car Market Data – 23rd December 2023
Key Points The total number of Electric Vehicle (EV) dealers and rooftops has increased marginally from 16th to 23rd December 2023, signaling a growth trend in the EV market. A slight increase in the Days on Market (DoM) average was observed, demonstrating a longer duration for EV listings on the market. The price bands analysis… Read More »UK Weekly Used Electric Car Market Data – 23rd December 2023
New listings of used EV’s is up by almost 5000 week on week and Days on market 13 days less than ICE at 70 days – a further fall from the average of 75 days in October. Key Points The total number of dealers exemplifies an increasing trend from 3,989 to 4,068 between 9th and… Read More »UK Weekly Used Electric Car Market Data – 16th December 2023
Price increases on the way up, used car listing volumes in the £10-20k band start to increase and the number of ads and listings across the market increases. Key Points The total market analysis data shows that all variables, except for Total Advert Numbers and listings above £50,000, have increased between 9th and 16th December… Read More »UK Weekly Used Car Market Data – 16th December 2023
Welcome to our first weekly summary of the used car EV market. Every week we be publishing the key headline indicators about the performance of the used EV market. Key Points The total dealers in the electric car market increased from 3,952 to 3,989 between 2nd and 9th December 2023, a slight upward trend suggesting… Read More »UK Weekly Used Electric Car Market Data – 9th December 2023
As we head into Christmas we see a consistently increasing number of used car adverts showing price decreases. Reduced finance approvals, higher APR and no doubt consumers tightening spend are all having their impact. Key Points The total number of dealers and rooftops increased slightly from 9,933 to 9,976 and 13,822 to 13,958 respectively between… Read More »UK Weekly Used Car Market Data – 9th December 2023
Days on market now hitting an average of 80 days, an ongoing slightly upward trend +5/6 days on late summer 2023. Key Points The total number of dealers and rooftops slightly decreased and increased respectively from November to December 2023. The average listing price decreased marginally by £40 from November to December 2023. Days on… Read More »UK Weekly Used Car Market Data – 2nd Dec 2023
Key Points Between 18th and 25th November 2023, the Total Dealers decrease slightly from 9,982 to 9,953, while Total Rooftops increased from 13,670 to 13,777. Advert numbers declined over the same period from 936,091 to 927,268, with the Days on Market Average (DoM) increasing from 79 to 81 days. The average price for listings marginally… Read More »UK Weekly Used Car Market Data – 25th Nov 2023
Key Points Another week of only small changes. There is more change in the EV market and I will shortly publish some analysis of that on Linked In and on the News section. There has been a significant number of smaller dealers closing their doors in the last 12 months. One contact of ours who… Read More »UK Weekly Used Car Market Data – 18th Nov 2023