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Home » Analysis » Market Analysis » UK Weekly Used Car Market Data – 23rd December 2023

UK Weekly Used Car Market Data – 23rd 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 market by 2 days from 83 to 85.
  • The average listing price slightly decreased from £18,488 to £18,399 and there was also a changes in the distribution of listings by price bands with both the under £10,000 band and the £10,001-£20,000 bands experiencing increases while the rest experienced decreases.
  • In terms of the number of dealers by advert volumes, the less than 100 adverts and the 101-250 adverts bands saw a slight decrease while the rest saw a slight increase including the top 100 dealers by volume where the stock volume went up from 215,090 to 216,558.
  • Price revision data showed an increase in advert price decreases from 63,335 to 79,465 while advert price increases fell from 14,333 to 11,682.

Total Market Analysis

From 16th to 23rd December 2023, the total number of dealer dropped slightly by 25 while the total number of rooftops saw an increase of 56. Over the same period, the total advertised numbers fell by about 6,757.

Days on the Market (DoM) Average

The average number of days listings spent on the market increased by two days from 83 to 85 days. This suggests that it took slightly longer for listings to sell in the week leading up to the 23rd December 2023.

Breakdown of Listings by Price Bands

Looking at the listing distribution by price bands, there was an increase in the number of listings for under £10,000 and £10,001-£20,000 bands, while the rest of the bands saw a decrease in their listings.

Breakdown of listings by price bands

Number of Dealers by Advert Volumes

In terms of the number of dealers by advert volumes, there was a minimal decrease for the less than 100 and 101–250 bands, while the remaining bands saw an increase in their numbers.

Number of dealers by advert volumes

Analysis of Top 100 Dealers by Volume

The top 100 dealers by volume saw an increase in their stock volumes from 215,090 to 216,558 and an increase in their average days on market from 58 to 60 days, but their average price fell from £22,037 to £21,855.

Analysis of Top 100 Dealers by Volume

Price Revision Data – Changes to Advert Prices

The analysis also showed an increase in price decreases from 63,335 to 79,465, while the price increases saw a drop from 14,333 to 11,682.

Conclusion

The data reveals overall, the market witnessed a slight drop in the number of dealers but an increase in the number of rooftops from the 16th to the 23rd of December 2023. Nonetheless, these shifts were accompanied by subtle fluctuations in other parameters including advertisement numbers, days on the market, listing prices, and advert volumes across different bands. This comprehensive market analysis provides useful insight into the dynamics of the market over the specified period.