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Home » Analysis » Market Analysis » UK Monthly Used Car Market Data – 3rd March 2023

UK Monthly Used Car Market Data – 3rd March 2023

Data reported: 24/02/23 – 03/03/23

Between 24th February 2023 and 3rd March 2023, the UK car market experienced some minor fluctuations. The total number of dealerships remained relatively stable, increasing slightly from 9,576 to 9,582, while the total number of rooftops also saw a marginal increase from 15,794 to 15,801.

In terms of advertising, the total number of advert listings rose from 540,892 to 543,976 during this period. The average number of days a car remained on the market remained unchanged at 54 days. The average price of listed cars decreased slightly from £19,669 to £19,631.

Analysing the breakdown of listings by price bracket, there were notable changes in some categories. The number of listings under £10,000 increased from 145,893 to 147,379, while listings in the £30,001-£40,000 range decreased from 37,489 to 37,298. Other price brackets saw relatively minor changes.

Looking at the number of dealerships based on advert volumes, most categories remained steady. The majority of dealerships had less than 100 adverts, with 8,821 dealerships in both weeks. There were slight increases in the number of dealerships in the 101-250 adverts and 251-500 adverts categories, while the remaining categories experienced minimal fluctuations.

Analysing the top 100 dealerships by volume, their stock volumes increased from 202,378 to 203,642 during this period. The average price of their listings slightly decreased from £23,115 to £23,095. The average number of days on the market (DoM) improved from 45 to 44. In terms of price revision, there was an increase in the number of price increases from 10,130 to 15,018, and a decrease in the number of price decreases from 32,941 to 31,797.

For dealerships outside the top 100, their stock volumes increased from 338,514 to 340,334. The average price of their listings slightly decreased from £17,546 to £17,499. The average DoM remained relatively stable at 61 days in the first week and 60 days in the second week. Regarding price revision, there was an increase in the number of price increases from 4,877 to 5,000, and a decrease in the number of price decreases from 21,319 to 20,229.

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

See the next weeks data: 10th March