This month, as well as usual insights, the report has a deep dive on the cost of car finance, which features all of Auto Trader’s latest finance data.

This month’s highlights include:

  • The first half of 2023 ended with 466 million site visits to Auto Trader, 61 million more than the year prior as people continued to search for their next vehicle.
  • In June, site visits were up 11% on last year’s levels. Whilst market activity remains robust, the second half of 2023 faces the continued challenges of persistent inflation, elevated interest rates and squeezed incomes.
  • Used car demand was 2% ahead of the previous year as supply remained constrained, falling by -4% in June.
  • Used car sales increased 3% year-on-year (although the additional June 2022 Bank Holiday in celebration of the Queen’s Jubilee contributed to this year’s uplift).
  • Used cars sold every 30 days in June, the same as last year and 3 days faster than pre-pandemic levels.
  • Used car retail prices increased by 3.2% on a like-for-like and year-on-year basis in June, marking 39 consecutive months of growth.
  • Underlying the headline movement were strong price movements on older cars due to high levels of demand.
  • Used EV prices remained 19% below last year’s levels having settled around this new level in recent months.

For the full report, please download HERE