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Home » Analysis » Market Analysis » UK Monthly Used Car Market Data – 28th April 2023

UK Monthly Used Car Market Data – 28th April 2023

Data reported: 21/04/23 – 28/04/23

Between April 21, 2023, and April 28, 2023, the UK car market experienced further changes. The total number of dealers decreased slightly from 9,511 to 9,477, while the total number of rooftops saw a noticeable decrease from 15,552 to 15,282.

In terms of advertising, the total number of advert listings increased from 555,313 to 557,002 during this period. The average number of days a car remained on the market decreased from 56 to 50 days, indicating a faster selling rate compared to the previous week. The average price of listed cars also decreased slightly from £19,410 to £19,373.

Analysing the breakdown of listings by price brackets, most categories showed minimal changes, with slight fluctuations observed. The under £10k and £10,001-£20k brackets experienced minimal decreases, while the £20,001-£30k brackets saw a slight increase. Other brackets showed minimal changes.

Looking at the number of dealers based on advert volumes, there were minor changes observed. The majority of dealers had less than 100 adverts, with 8,677 dealers in the first week and 8,677 dealers in the second week. There were slight decreases in the number of dealers in the 101-250 adverts and 501-1000 adverts categories, while the remaining categories experienced minimal changes.

Analysing the top 100 dealers by volume, their stock volumes increased from 206,379 to 208,827 during this period. The average price of their listings slightly increased from £22,652 to £22,734. 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 7,119 to 6,905, and a slight increase in the number of price decreases from 44,960 to 45,439.

For dealers outside the top 100, their stock volumes remained relatively stable at 348,934 and 348,175. The average price of their listings decreased slightly from £17,436 to £17,310. The average DoM decreased from 65 days to 55 days. Regarding price revision, there was a decrease in the number of price increases from 4,258 to 3,856, and an increase in the number of price decreases from 24,961 to 25,978.

Overall, the UK car market experienced further changes during this period, with noticeable decreases in the number of rooftops, minor fluctuations in advert numbers, a faster selling rate with a decreased average DoM, and a slight decrease in the average price of listings. There were also minimal 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 both the top 100 dealers and those outside the top 100.