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Home » Analysis » Market Analysis » UK Monthly Used Car Market Data – 14th April 2023

UK Monthly Used Car Market Data – 14th April 2023

Data reported: 07/04/23 – 14/04/23

Between April 7, 2023, and April 14, 2023, the UK car market experienced further changes. The total number of dealers increased slightly from 9,499 to 9,511, while the total number of rooftops saw a minimal increase from 15,469 to 15,473.

In terms of advertising, the total number of advert listings decreased from 549,723 to 541,867 during this period. The average number of days a car remained on the market increased from 49 to 50 days, indicating a slightly slower selling rate. The average price of listed cars also increased slightly from £19,503 to £19,519.

Analysing the breakdown of listings by price brackets, there were slight decreases in the number of listings across most price categories. The under £10k and £40,001-£50k brackets experienced the most notable decreases, while other brackets saw minimal fluctuations.

Examining the number of dealers based on advert volumes, there were minor changes observed. The majority of dealers had less than 100 adverts, with 8,709 dealers in the first week and 8,709 dealers in the second week. The 101-250 adverts category experienced a slight increase, while the remaining categories experienced slight decreases or remained relatively stable.

Analysing the top 100 dealers by volume, their stock volumes decreased from 204,023 to 201,668 during this period. The average price of their listings slightly increased from £22,820 to £22,891. The average number of days on the market (DoM) remained stable at 42 days. In terms of price revision, there was an increase in the number of price increases from 8,155 to 9,160, and a slight increase in the number of price decreases from 39,370 to 39,702.

For dealers outside the top 100, their stock volumes decreased from 345,700 to 340,199. The average price of their listings slightly decreased from £17,482 to £17,455. The average DoM increased from 54 days to 56 days. Regarding price revision, there was a slight decrease in the number of price increases from 4,153 to 4,049, and a decrease in the number of price decreases from 21,848 to 21,676.

In summary, the UK car market experienced further changes during this period, including a slight increase in the number of dealers and rooftops, a decrease in advert numbers, a slightly slower selling rate, and a slight increase in the average price of listings. Changes in the breakdown of listings by price brackets, the number of dealers based on advert volumes, and the stock volumes, average prices, DoM, and price revisions for the top 100 dealers and those outside the top 100 were also observed.