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Home » Analysis » Market Analysis » UK Monthly Used Car Market Data – 31st March 2023

UK Monthly Used Car Market Data – 31st March 2023

Data reported: 24/03/23 – 31/03/23

Between 24th March 2023 and 31st March 2023, there were some changes observed in the UK car market. The total number of dealers decreased slightly from 9,538 to 9,523, while the total number of rooftops saw a slight decrease from 15,701 to 15,656.

In terms of advertising, the total number of advert listings increased from 545,996 to 551,427 during this period. The average number of days a car remained on the market remained relatively stable at 51 days and 52 days, respectively. The average price of listed cars increased slightly from £19,391 to £19,455.

Analysing the breakdown of listings by price brackets, there were minimal changes observed. The number of listings in most price brackets remained relatively stable, with slight fluctuations in some categories.

Looking at the number of dealers based on advert volumes, there were minor changes across the different categories. The majority of dealers had less than 100 adverts, with 8,732 dealers in the first week and 8,732 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 201,310 to 203,061 during this period. The average price of their listings slightly increased from £22,735 to £22,970. The average number of days on the market (DoM) remained stable at 42 days. In terms of price revision, there was a decrease in the number of price increases from 9,449 to 8,791, and a decrease in the number of price decreases from 39,718 to 37,543.

For dealers outside the top 100, their stock volumes increased from 344,686 to 348,366. The average price of their listings slightly decreased from £17,379 to £17,341. The average DoM increased from 57 days to 58 days. Regarding price revision, there was a decrease in the number of price increases from 4,776 to 4,632, and a decrease in the number of price decreases from 22,381 to 21,270.

Overall, the UK car market experienced further changes during this period, with minor 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.