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22 October 22 Press releases

15 million ten year old cars on Britain's roads by 2027

 

More than 15.4m 10-year-old cars on the road by 2027 due to COVID supply chain crunch

A record 15.4m cars on Britain’s roads – 40% of the total – will be more than 10 years old by 2027, according to new Auto Trader research.

The online marketplace’s forecasts, based on DVLA figures, suggest drivers behind the wheel of an extra 3.6 million decade-old cars compared to 2021, due to the lingering after-effects of car production disrupted by the pandemic.

Shortages of semiconductors and other parts has left 2m “missing” cars on the road compared to pre-pandemic trends, according to Auto Trader data.

Its forecasts signal the number of decade-old cars is set to rise from 7.2m to 9.2m by 2027, while the number of cars more than 15 years old is also predicted to jump by a third to 6.2 million.

The impact of the shortages has pushed up the average cost of a 10-year-old car in the UK by more than £2000 since before the pandemic to above £6,000

Auto Trader’s online marketplace shows the average asking price for a ten-year-old car hit £6,176 in September, up 53% on three years ago.

The data shows a big jump in drivers hunting for older vehicles on Auto Trader, after 51 million advert views for 10-year-old cars in September, up 22% on pre-Covid levels. The BMW 3 Series, Volkswagen Golf and Ford Fiesta are most popular decade-old models among would-be buyers.

Auto Trader forecasts, based on DVLA figures, suggest a record 15.4m cars on Britain’s roads will be over 10 years old within five years – 3.6m more than in 2021.

 


 

The aftermath of Covid means that around 40% of cars on the road will be more than 10 years old in the next five years. The sheer shortage of cars, combined with the practical necessity for drivers to stay on the road, is pushing prices higher. As long as those market dynamics remain in place, drivers will have to get used to paying more for older cars.

Key spokesperson

Ian Plummer

Commercial Director

CONNECT

 


 

Auto Trader’s latest Retail Price Index data, which is based on daily pricing analysis of 900,000 vehicles, showed the average price of a used car was £17,409 in September, up 11.2% compared to 12 months earlier.  The company’s data will be used by the Office for National Statistics in official inflation figures from next January.

Consumers can check the value of their car by using Auto Trader’s free valuation tool: https://www.autotrader.co.uk/cars/valuation

 

Top 10 Most viewed 10 - 15-year-old cars | September 2022

Ranks
Make
Model
Advert Views

1
BMW
3 Series
1,892,552

2
Volkswagen
Golf
Volkswagen

3
Ford
Fiesta
1,216,669

4
Vauxhall
Corsa
1,144,925

5
BMW
1 Series
1,089,897

6
Ford
Focus
1.072,988

7
Mercedes
C-Class
1,033,832

8
Volkswagen
Polo
945,426

9
Vauxhall
Astra
907,272

10
Audi
A3
866,810

 

Top 10 price growth (all fuel types) | September 2022 vs September 2021 like-for-like

Ranks
Make
Model
Sept-22 Average Asking Price
Price Change (YoY)

1
Fiat
Punto
£4,854
42.5%

2
Peugeot
107
£3,642
38.9%

3
Peugeot
207
£2,757
35.7%

4
Ford
Fusion
£3,337
35.2%

5
Vauxhall
Agila
£3,907
30.9%

6
Renault
Scenic
£7,259
30.4%

7
Toyota
Prius
£14,881
29.8%

8
Toyota
Avensis
£7,981
29.6%

9
Fiat
Panda
£7,167
29.4%

10
Vauxhall
Meriva
£5,055
29.3%

 

Top 10 price contraction (all fuel types) | September 2022 vs September 2021 like-for-like

Rank
Make
Model
Sept-22 Average Asking Price
Price Change

10
Mercedes-Benz
SLC
£23,840
-4.4%

9
Audi
SQ5
£34,822
-4.6%

8
Vauxhall
Grandland X
£15,901
-5.1%

7
BMW
8 Series Gran Coupe
£53,188
-5.3%

6
Mazda
MX-5 RF
£19,117
-5.8%

5
Land Rover
Discovery 3
£7,803
-6.1%

4
DS AUTOMOBILES
DS 7 CROSSBACK
£25,559
-7.4%

3
Land Rover
Discovery 4
£19,316
-10.2%

2
BMW
8 Series
£52,635
-10.5%

1
Jaguar
XK
£21,690
-12.0%

 

For any media enquiries, please contact press@autotrader.co.uk

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