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Home » Analysis » Market Analysis » UK Monthly Used Car Market Data – 7th April 2023

UK Monthly Used Car Market Data – 7th April 2023

Data reported: 31/03/23 – 07/04/23

Between March 31, 2023, and April 7, 2023, further changes were observed in the UK car market. The total number of dealers decreased slightly from 9,523 to 9,499, while the total number of rooftops saw a decline from 15,656 to 15,469.

In terms of advertising, the total number of advert listings decreased from 551,427 to 549,723 during this period. The average number of days a car remained on the market decreased from 52 to 49 days, indicating a faster selling rate. The average price of listed cars also increased slightly from £19,455 to £19,503.

Analysing the breakdown of listings by price brackets, there were slight decreases in the number of listings across various price categories. The under £10k and £40,001-£50k brackets experienced the most notable decreases, while other brackets saw minimal fluctuations.

Examining the number of dealers based on advert volumes, there were minor changes observed. The majority of dealers had less than 100 adverts, with 8,706 dealers in both weeks. The 101-250 adverts and 501-1000 adverts categories experienced slight decreases, while the remaining categories remained relatively stable.

Analysing the top 100 dealers by volume, their stock volumes increased from 203,061 to 204,023 during this period. The average price of their listings slightly decreased from £22,970 to £22,820. 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 8,791 to 8,155 and an increase in the number of price decreases from 37,543 to 39,370.

For dealers outside the top 100, their stock volumes decreased from 348,366 to 345,700. The average price of their listings increased slightly from £17,341 to £17,482. The average DoM decreased from 58 days to 54 days. Regarding price revision, there was a decrease in the number of price increases from 4,632 to 4,153, and an increase in the number of price decreases from 21,270 to 21,848.

In summary, the UK car market experienced further changes during this period, including a decrease in the number of dealers and rooftops, a slight decrease in advert numbers, a faster selling rate, and a slight increase in the average price of listings. 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 the top 100 dealers and those outside the top 100 were also observed.