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Home » Analysis » Market Analysis » UK Monthly Used Car Market Data – 17th March 2023

UK Monthly Used Car Market Data – 17th March 2023

Data reported: 10/03/23 – 17/03/23

Between 10th March 2023 and 17th March 2023, there were further changes observed in the UK car market. The total number of dealers increased slightly from 9,550 to 9,558, while the total number of rooftops saw a slight decrease from 15,807 to 15,684.

In terms of advertising, the total number of advert listings decreased from 546,541 to 540,522 during this period. The average number of days a car remained on the market increased from 49 days to 52 days. The average price of listed cars decreased slightly from £19,629 to £19,391.

Analysing the breakdown of listings by price brackets, there were some notable changes. The number of listings under £10,000 increased from 146,909 to 147,177, while the £30,001-£40,000 category decreased from 37,120 to 34,989. Other price brackets saw relatively minor changes.

used car listings by price bracket

Looking at the number of dealers based on advert volumes, most categories remained stable. The majority of dealers had less than 100 adverts, with 8,769 dealers in the first week and 8,783 dealers in the second week. There were slight increases in the number of dealers in the 501-1000 adverts and 1000+ adverts categories, while the remaining categories experienced minimal changes.

Analysing the top 100 dealers by volume, their stock volumes decreased from 204,686 to 197,876 during this period. The average price of their listings slightly decreased from £23,124 to £22,783. The average number of days on the market (DoM) increased from 38 to 43. In terms of price revision, there was a decrease in the number of price increases from 14,713 to 11,854, and a decrease in the number of price decreases from 34,223 to 37,397.

For dealers outside the top 100, their stock volumes increased from 341,855 to 342,646. The average price of their listings slightly decreased from £17,473 to £17,382. The average DoM remained stable at 60 days in the first week and decreased to 59 days in the second week. Regarding price revision, there was a decrease in the number of price increases from 5,333 to 5,237, and a slight decrease in the number of price decreases from 22,023 to 21,595.

Overall, the UK car market experienced further changes during this period, with fluctuations in the number of listings by price brackets, the number of dealers based on advert volumes, and shifts in stock volumes, average prices, days on the market, and price revisions for both the top 100 dealers and those outside the top 100.