Key Points: The total number of dealers, rooftops, and ad numbers increased slightly between 30th December 2023 and 6th January 2024, indicating growth in the electric car market. The Days on Market (DoM) average decreased by one day during the same period, suggesting faster sales pace. The £10,001-£20,000 and £20,001-£30,000 price bands showed a moderate… Read More »UK Weekly Used Electric Car Market Data – 6th January 2024
Key Points The total dealers witnessed a minimal reduction from 10,040 on 30th December 2023 to 10,011 on 6th January 2024. A new peak was reached in total advert numbers, reaching 848,003 from 780,410. Days on Market (DoM) Average remained stable at 92 days in both periods. The average price of listings slightly decreased from… Read More »UK Weekly Used Car Market Data – 6th January 2024
A real change this week saw the number of adverts with a downward change in price decrease significantly from the previous week. Key Points The total number of dealers and rooftops has slightly dropped in the period between 23rd and 30th December 2023. A significant number of listings fall within the ‘£10,001-£20,000’ price band, though… Read More »UK Weekly Used Car Market Data – 30th December 2023
Holiday drop? The last week of the year saw 50 fewer dealers selling EV’s and a significant increase in days to market from 71 to 78 days. More than likely just reflecting the time of year but January will be interesting to see if the trend reverses. Key Points There was a slight decrease in… Read More »UK Weekly Used Electric Car Market Data – 30th December 2023
Key Points In the period within 16th and 23rd December 2023, there is a slight drop in the total number of dealers from 10,098 to 10,073 while the total rooftops increased from 13,987 to 14,043. The total advertised numbers for that period fell from 909,300 to 902,543 with an increase of average days on the… Read More »UK Weekly Used Car Market Data – 23rd December 2023
Key Points The total number of Electric Vehicle (EV) dealers and rooftops has increased marginally from 16th to 23rd December 2023, signaling a growth trend in the EV market. A slight increase in the Days on Market (DoM) average was observed, demonstrating a longer duration for EV listings on the market. The price bands analysis… Read More »UK Weekly Used Electric Car Market Data – 23rd December 2023
New listings of used EV’s is up by almost 5000 week on week and Days on market 13 days less than ICE at 70 days – a further fall from the average of 75 days in October. Key Points The total number of dealers exemplifies an increasing trend from 3,989 to 4,068 between 9th and… Read More »UK Weekly Used Electric Car Market Data – 16th December 2023
Price increases on the way up, used car listing volumes in the £10-20k band start to increase and the number of ads and listings across the market increases. Key Points The total market analysis data shows that all variables, except for Total Advert Numbers and listings above £50,000, have increased between 9th and 16th December… Read More »UK Weekly Used Car Market Data – 16th December 2023
Welcome to our first weekly summary of the used car EV market. Every week we be publishing the key headline indicators about the performance of the used EV market. Key Points The total dealers in the electric car market increased from 3,952 to 3,989 between 2nd and 9th December 2023, a slight upward trend suggesting… Read More »UK Weekly Used Electric Car Market Data – 9th December 2023
As we head into Christmas we see a consistently increasing number of used car adverts showing price decreases. Reduced finance approvals, higher APR and no doubt consumers tightening spend are all having their impact. Key Points The total number of dealers and rooftops increased slightly from 9,933 to 9,976 and 13,822 to 13,958 respectively between… Read More »UK Weekly Used Car Market Data – 9th December 2023