Auto Trader have shared their latest Monthly Market Intelligence Report for September.

In this edition they are exploring A Delay to 2030?

Highlights include:

  • Site visits to Auto Trader in September were 13% higher than the same time last year, marking 10 consecutive months of year-on-year growth.
  • Supply of used cars stabilised in September (+1% year-on-year) and was outpaced by robust levels of demand (+8% year-on-year).
  • Used cars sold every 29 days in September, one day slower than last year but one day faster than 2019. Strong demand for used EVs translated into the fastest speed of sale of any fuel type (26 days).
  • Used car sales increased 7% year-on-year. As the new car market recovers, so too do the sales of under 1 year old cars, which increased 47% year-on-year.
  • After a record-breaking 41 months of growth, prices fell by -0.4% in September on a year-on-year and like-for-like basis. This was largely due to the ongoing softening in the value of younger aged vehicles where supply outpaces demand.
  • Used electric cars saw the largest drop in prices of any fuel type, falling 22% year-on-year. There are signs, though, that the used EV market is stabilising, with pricing flat month-on-month.
  • Although used car prices fell slightly, they remain £1.2k higher than they would have been if the pandemic had not happened.

Please download the full report here.