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Home » Analysis » Market Analysis » UK Weekly Used Car Market Data – 12th May 2023

UK Weekly Used Car Market Data – 12th May 2023

Data reported: 05/05/23 – 12/05/23

Between May 5, 2023, and May 12, 2023, the UK car market continued to witness changes. The total number of dealers slightly decreased from 9,449 to 9,423, and the total number of rooftops also saw a minor decrease from 14,873 to 14,802.

Summary of UK Car Market Data 12th May 2023

In terms of advertising, the total number of advert listings decreased from 545,464 to 540,185 during this period. The average number of days a car remained on the market increased from 52 to 54 days, indicating a slightly slower selling rate compared to the previous week. The average price of listed cars experienced a minor decrease from £19,480 to £19,441.

Analysing the breakdown of listings by price brackets, most brackets showed minimal changes, except for slight decreases in the under £10k and £10,001-£20k brackets, and a slight increase in the £30,001-£40k bracket.

used car listings by price bracket

Looking at the number of dealers based on advert volumes, there were slight decreases observed in all categories. The majority of dealers had less than 100 adverts, with 8,622 dealers in the first week and 8,653 dealers in the second week. The remaining categories experienced minor decreases.

used car dealer advert statistics

Analysing the top 100 dealers by volume, their stock volumes decreased from 203,839 to 200,656 during this period. The average price of their listings slightly decreased from £22,865 to £22,789. The average number of days on the market (DoM) increased from 42 days to 44 days. In terms of price revision, there was a decrease in the number of price increases from 6,251 to 6,092, and a decrease in the number of price decreases from 50,016 to 45,966.

For dealers outside the top 100, their stock volumes decreased from 341,625 to 339,529. The average price of their listings remained relatively stable at £17,408. The average DoM increased from 58 days to 61 days. Regarding price revision, there was a slight decrease in the number of price increases from 3,517 to 3,420, and an increase in the number of price decreases from 24,330 to 26,863.

average uk used car prices

Overall, the UK car market experienced further changes during this period, with minor decreases in the number of dealers and rooftops, a decrease in advert numbers, a slightly slower selling rate with an increased average DoM, and a slight decrease in the average price of listings. There were minimal changes in the breakdown of listings by price brackets and slight decreases in the number of dealers based on advert volumes. Stock volumes, average prices, DoM, and price revisions showed minor shifts for both the top 100 dealers and those outside the top 100.