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Home » Analysis » Market Analysis » UK Monthly Used Car Market Data – 10th March 2023

UK Monthly Used Car Market Data – 10th March 2023

Data reported: 03/03/23 – 10/03/23

Between 3rd March 2023 and 10th March 2023, there were some changes observed in the UK car market. The total number of dealers decreased slightly from 9,582 to 9,550, while the total number of rooftops saw a small increase from 15,801 to 15,807.

In terms of advertising, the total number of advert listings increased from 543,976 to 546,541 during this period. The average number of days a car remained on the market decreased from 54 days to 49 days. The average price of listed cars remained relatively stable, with a slight decrease from £19,631 to £19,629.

Analysing the breakdown of listings by price brackets, there were some notable changes. The number of listings under £10,000 decreased from 147,379 to 146,909, while the £10,001-£20,000 category increased from 195,969 to 197,243. Other price brackets experienced minor fluctuations.

Looking at the number of dealers based on advert volumes, most categories remained stable. The majority of dealers had less than 100 adverts, with 8,824 dealers in the first week and 8,769 dealers in the second week. There were slight increases in the number of dealers in the 101-250 adverts and 501-1000 adverts categories, while the remaining categories saw minimal changes.

Analysing the top 100 dealers by volume, their stock volumes increased from 203,642 to 204,686 during this period. The average price of their listings slightly increased from £23,095 to £23,124. The average number of days on the market (DoM) improved from 44 to 38. In terms of price revision, there was a decrease in the number of price increases from 15,018 to 14,713, and an increase in the number of price decreases from 31,797 to 34,223.

For dealers outside the top 100, their stock volumes increased from 340,334 to 341,855. The average price of their listings slightly decreased from £17,499 to £17,473. The average DoM remained stable at 60 days. Regarding price revision, there was an increase in the number of price increases from 5,000 to 5,333, and an increase in the number of price decreases from 20,229 to 22,023.

Furthermore, the average price for both the top 100 dealerships and other dealerships remained relatively stable, with minor fluctuations observed between the two categories.