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
Days on market now hitting an average of 80 days, an ongoing slightly upward trend +5/6 days on late summer 2023. Key Points The total number of dealers and rooftops slightly decreased and increased respectively from November to December 2023. The average listing price decreased marginally by £40 from November to December 2023. Days on… Read More »UK Weekly Used Car Market Data – 2nd Dec 2023
Key Points Between 18th and 25th November 2023, the Total Dealers decrease slightly from 9,982 to 9,953, while Total Rooftops increased from 13,670 to 13,777. Advert numbers declined over the same period from 936,091 to 927,268, with the Days on Market Average (DoM) increasing from 79 to 81 days. The average price for listings marginally… Read More »UK Weekly Used Car Market Data – 25th Nov 2023
Key Points Another week of only small changes. There is more change in the EV market and I will shortly publish some analysis of that on Linked In and on the News section. There has been a significant number of smaller dealers closing their doors in the last 12 months. One contact of ours who… Read More »UK Weekly Used Car Market Data – 18th Nov 2023
A shift towards lower prices? Does our weekly data now suggest that UK used market is softening week to week? Read on > Key Points The total numbers of dealers and rooftops have seen a marginal increase between the 4th and 11th of November, 2023, from 9,901 to 9,989 and from 13,313 to 13,511 respectively.… Read More »UK Weekly Used Car Market Data – 11th Nov 2023
Key Points The total number of dealers decreased slightly from 9,905 to 9,901 over the week while the number of rooftops increased from 13,277 to 13,313. Advert numbers decreased from 925,924 to 915,474. However, the average listing price saw a slight increase from £18,921 to £18,952. The analysis of listings by price bands shows slight… Read More »UK Weekly Used Car Market Data – 5th Nov 2023
Key Points The Total Dealers and Total Advert Numbers have seen a slight decrease from 21st October to 28th October 2023. The average number of days on market (DoM) has increased slightly, implying slower sales in the later period. In the breakdown of listings by bands, there are slight shifts in each price segment, with… Read More »UK Weekly Used Car Market Data – 28th Oct 2023
Key Points The total market saw a slight increase with dealers raising from 9,862 to 9,911 and rooftops from 13,344 to 13,624. The average price of a listing marginally increased from £18,915 to £18,987 while the average days in market increased by 1 day. The breakdown of listings by bands showed a slight increase across… Read More »UK Weekly Used Car Market Data – 21st October 2023
Key Points In the given period, from 7th October 2023 to 14th October 2023, the total number of dealers slightly increased from 9,748 to 9,862. This shows some growth in the market. (previous week here) The listing price bands show concentration in the lower price ranges, especially for listings under £10,000, and between £10,001 and… Read More »UK Weekly Used Car Market Data – 14th October 2023
Key Points Between 30th September and 7th October 2023, the Total Advert Numbers in the market increased from 853,726 to 891,069, indicating a growing market trend. The average price of listing showed a slight increase from £18858 to £18948 while there was no change in the Days on Market Average. In the breakdown of listings… Read More »UK Weekly Used Car Market Data – 7th October 2023