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Home » Analysis » Market Analysis » UK Monthly Used Car Market Data – 5th May 2023

UK Monthly Used Car Market Data – 5th May 2023

Data reported: 28/04/23 – 05/05/23

Between April 28, 2023, and May 5, 2023, the UK car market continued to undergo changes. The total number of dealers decreased slightly from 9,477 to 9,449, while the total number of rooftops saw a noticeable decrease from 15,282 to 15,002.

In terms of advertising, the total number of advert listings decreased from 557,002 to 545,464 during this period. The average number of days a car remained on the market increased from 50 to 52 days, indicating a slightly slower selling rate compared to the previous week. The average price of listed cars increased slightly from £19,373 to £19,480.

Analysing the breakdown of listings by price brackets, there were some fluctuations. The under £10k and £10,001-£20k brackets experienced decreases, while the £20,001-£30k and £30,001-£40k brackets saw slight increases. The remaining 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 8,653 dealers in the first week and 8,653 dealers in the second week. There were slight decreases in the number of dealers in the 251-500 adverts category, while the remaining categories experienced minimal changes.

Analysing the top 100 dealers by volume, their stock volumes decreased from 208,827 to 203,839 during this period. The average price of their listings slightly increased from £22,734 to £22,865. The average number of days on the market (DoM) decreased from 44 days to 42 days. In terms of price revision, there was a decrease in the number of price increases from 6,905 to 6,251, and an increase in the number of price decreases from 45,439 to 50,016.

For dealers outside the top 100, their stock volumes decreased from 348,175 to 341,625. The average price of their listings increased slightly from £17,310 to £17,405. The average DoM increased from 55 days to 58 days. Regarding price revision, there was a decrease in the number of price increases from 3,856 to 3,517, and a decrease in the number of price decreases from 25,978 to 24,330.

Overall, the UK car market continued to experience changes during this period, with noticeable decreases in the number of rooftops, a decrease in advert numbers, a slightly slower selling rate with an increased average DoM, and a slight increase in the average price of listings. There were also fluctuations in the breakdown of listings by price brackets, minor changes in the number of dealers based on advert volumes, and shifts in stock volumes, average prices, DoM, and price revisions for both the top 100 dealers and those outside the top 100.