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Home » Analysis » Market Analysis » UK Weekly Used Electric Car Market Data – 13th January 2024

UK Weekly Used Electric Car Market Data – 13th January 2024

Key points

  • The total market analysis data indicates no observable changes between the 6th and the 13th of January 2024, regarding the core aspects of total dealers, rooftops, advert numbers, days on the market, and the average price of the listing.
  • The price band-based listing breakdown remains identical for the reviewed periods. From below £10,000 up to over £50,000, the quantity of listings remains unchanged.
  • Dealers’ advert volumes also demonstrated no observable changes over the one-week period. Dealers with fewer than 100 adverts made up the majority of the market.
  • An examination of the top 100 dealers by volume shows they also maintained the status quo. Listed volumes, average price and days on the market did not fluctuate.
  • The analysis of price revisions indicates no changes in the number of advert prices that either increased or decreased during the period under consideration.

Total Market Analysis

The electric car market showed a steady and consistent performance over the week. Dealer numbers, rooftops, ad numbers, and the average days a vehicle spent on the market remained unchanged at 4,107, 7,138, 109,469, and 75, respectively.

Days on Market (DoM) Average

Electric cars were on the market for an average of 75 days during this week, showing no change in the average selling period.

Breakdown of Listings by Price Bands

The distribution of vehicles across various price bands remained consistent for the period. Listings ranged from under £10,000 to over £50,000 with the largest number of listings in the £10,001 – £20,000 price bracket.

Listing distribution by price bands

Number of Dealers by Advert Volumes

The majority of dealers had fewer than 100 adverts with the numbers remaining steady across the board, demonstrating a stable market.

Dealer distribution by advert volumes

Analysis of Top 100 Dealers by Volume

The top 100 dealers in terms of volume also maintained consistency, with stock volumes, average prices, and days on market displaying no significant changes.

Top 100 dealers by volume

Price Revision Data – Changes to Advert Prices

Remarkably, the number of listings that saw price revisions, either increases or decreases, stayed constant.

Conclusion

The electric car market demonstrated a steady and resilient performance over the parallel periods. This consistency across various data points indicates that the sector is maintaining a status of equilibrium at least over this brief timeframe.