This month, Auto Trader Market Intelligence Report's highlights include:

  • Site visits up 17% vs prior year, in spite of the continued challenges of persistent inflation, elevated interest rates and squeezed incomes
  • New car sales +28% vs July 2022, driven largely by the fleet sector with retail 1.5% ahead
  • Used car sales increased 9% against last July, with latest SMMT data putting the market 4.1% ahead of 2022 on a year-to-date basis
  • Used car retail prices +2.4% on a like-for-like and year-on-year basis in July, now hitting 40 consecutive months of growth
  • Again, older age cohorts saw the biggest increase with a double digit YoY rise, and the prices of 5-10 year old cars remained strong. In the 1-3 cohort, EV prices impacted the overall figure

Find the report HERE.