Press release

Auto Trader Fastest Selling Index | October 2020

The Mazda CX-5 leads diesel's domination as UK's fastest selling used car

According to the latest data from Auto Trader’s Fastest Selling Index, which live tracks the potential speed at which used cars will sell based on live supply and demand in the market, the 2016 Mazda CX-5 (diesel manual) is the UK’s current fastest selling used car, taking an average of just 24 days to sell. It marks the second time the CX-5 has been the fastest seller this year (previously in August), and the seventh time it’s been within the top three.

With the exception of the sporty Peugeot RCZ (2014, petrol - manual), which is the UK’s second fastest selling car, the current top ten is made up of SUVs and MPVs. According to Auto Trader’s Market Insight analytics tool, which is free to use for all of Auto Trader’s retail partners, as of last week (19th – 25th October 2020), SUVs are the most in demand body type, increasing 20.4%[1] year-on-year (YoY).

Overall, the used car market continues to see an ongoing surge in demand, with levels increasing 21.1% last week compared with the same period last year.

The Fastest Selling Index also revealed that used diesels are on average leaving forecourts faster than any other fuel type, with diesels powering nine of the top ten. Whilst the level of demand for used diesels is not as strong as its petrol counterpart, there are far fewer in the market for consumers to choose from, with the level of diesel supply dropping -12.8% on the same period last year. It represents the steepest decline in supply of any fuel type, and by some margin.

As a result of this low supply used diesels are currently recording the highest level of retail price growth, with sticker prices increasing an average of 9.5% YoY last week, marking 23 weeks of consecutive growth.  

Commenting on the Index, Auto Trader’s director of commercial products, Karolina Edwards-Smajda, said: “The latest findings of the Index highlight just how much of an impact the supply and demand dynamics can have on all aspects of the market. In the current retail landscape, it’s absolutely critical for retailers to be aware of these fluctuations, to understand how it will affect their business, and to adapt their forecourt strategy accordingly, including stocking the right vehicles and pricing them correctly. Expertise and experience will always be invaluable, but with such unpredictability in the market, very few retailers can afford to operate on hunch alone.”

 

Current fastest selling used cars (by days to turn) – as of 27th October 2020:

Rank

Make / model

Fuel & transmission

Auto Trader Retail Rating

Predicted days to sell

1

2016 Mazda CX-5

Diesel – Manual

99.60

24

2

2014 Peugeot RCZ

Petrol – Manual

99.22

24

3

2014 Peugeot 2008

Diesel - Automatic

98.41

24

4

2018 Mercedes-Benz V-Class

Diesel - Automatic

98.35

24

5

2014 Kia Sorento

Diesel – Manual

99.58

25

6

2017 Mercedes-Benz V-Class

Diesel – Manual

99.86

26

7

2014 Mitsubishi Outlander

Diesel - Automatic

98.89

26

8

2014 Kia Sorento

Diesel - Automatic

98.12

26

9

2014 Mitsubishi Outlander

Diesel – Manual

97.88

26

10

2016 Mazda CX-5

Petrol - Automatic

98.68

27

 

Current slowest selling used cars (by days to turn) – as of 27th October 2020:

Rank

Make / model

Fuel & transmission

Auto Trader Retail Rating

Predicted days to sell

1

2019 Subaru Forester

Petrol Hybrid- Automatic

1.94

150

2

2019 Lexus IS 300

Petrol Hybrid- Automatic

1.69

149

3

2020 Mercedes-Benz C-Class

Petrol - Manual

1.99

147

4

2019 DS 3 Crossback

Diesel - Manual

1.63

145

5

2020 Audi A4

Diesel – Automatic

2.1

144

6

2019 Volkswagen Passat

Diesel Plug-in Hybrid - Automatic

2.1

143

7

2019 Toyota Prius

Petrol Plug-in Hybrid - Automatic

2.09

141

8

2019 Kia XCeed

Diesel – Manual

1.61

138

9

2018 Hyundai Ioniq

Petrol Plug-in Hybrid - Automatic

2.21

131

10

2020 Mercedes-Benz GLB

Diesel - Automatic

2.95

125

 

 [1] Based on Auto Trader’s Market Insight tool

Our CEO Nathan Coe will be live on next week's webinar to answer your questions. You can submit your questions to him in the comments and when you register to join the webinar live at https://t.co/rdtNiD8APu https://t.co/d99VfhPofQ
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Looking to evolve your business by breaking free of outdated data feeds and enabling your customers to have a real-time view of your digital forecourt? Then check out our ‘Essentials to connected retailing’ masterclass now 👉 https://t.co/VggO5GDvFa https://t.co/hRUW9aXDTf
We’re still faced with an element of uncertainty when it comes to the pandemic which means you need to be prepared for any eventuality. So in this week’s tip of the week, @AndrewKorpela shares some top tips on how to make sure you're prepared for whatever is thrown at you next. https://t.co/9cKawLT6Q9
In his latest update, our CEO Nathan Coe shares our latest market insights, including an analysis of consumer demand and pricing, and reveals our plans for 2022. https://t.co/oyxwpJf2U1
With record numbers of new electric vehicle sales and, as we reveal in our latest blog, an electric vehicle being the fastest selling of any used vehicle in 2021, last year really was a victory for voltage 👇 https://t.co/j4Al3nByBL
In our latest Monthly Market Intelligence Report, we analyse the 3 key trends that came to define the automotive industry in 2021, record demand, the growth in used car prices and the acceleration of EV adoption 👉https://t.co/tVW6vpQjxm Will these trends continue through 2022? https://t.co/rITl15odBm
A quick summary of what we have covered in today's webinar from @ClarkRjoclark. https://t.co/QFgNQYhCR8
Prices then are still strong, but we are still seeing under-priced stock on our marketplace which means there is profit being left on the table. It's key then to monitor the live market prices and re-price to the live market value to avoid missing out on profit. https://t.co/3jGvyFVPIn

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