Retail
- Independent dealers performed well and sold stock two days faster on average than their franchise counterparts year-on-year
- Supermarkets suffered a small setback with vehicles taking five days longer to sell year-on-year and average volume rising
- Dealers continue to better manage their diesel stock following negative headlines over emissions
- Hybrid vehicles continue to struggle with days in stock increasing by 11 days year-on-year, however electric vehicles reduce by 9 days
Wholesale
- The average sold price continues to increase, up3% from £6,649 in May to £6,816 in June
- Wholesale volumes in the £10k to £20k price bracket experienced a double-digit growth of 16% reflecting the demand for quality, mid-market vehicles
- Diesel wholesale volumes reflected the overall increase in the mid-range (£10k to £20k) price bracket with a 14% year-on-year increase
Dealers
- Dealer auction volumes increased 19% year-on-year, while average sales price increased 11% to £4,523
- A third of dealers reported margin improvement. In addition, nine out of ten indicated stock availability had increased compared to 2017
- 46% of dealers indicated an increase on average for new cars and one if five reported used cars days in stock had increased
- The economic outlook between those anticipating improvement and declining remain split at 29%
- 26% of dealers envisage sourcing stock to worsen while 14% foresee improvement over the coming months
