Press release

It’s victory for voltage as Renault Zoe becomes July’s fastest selling used car

It’s victory for voltage as Renault Zoe becomes July’s fastest selling used car

  • 2016 Renault Zoe takes the top spot, taking an average of just 18 days to sell
  • Diesel stays strong, topping 8 out of 13 regions and countries tracked
  • i-Control users enjoy 54% improvement on stock turn in July 2018

22nd August 2018 – London: Auto Trader, the UK’s largest marketplace for new and used cars, has revealed that the 2016 Renault Zoe (electric automatic) was on average the UK’s fastest selling used vehicle in July. Taking just 18 days to leave forecourts, this marks the first time a fully electric vehicle has topped Auto Trader’s national top 10 list of fastest selling used cars.  

In another “shock” win for alternatively fuelled vehicles (AFVs), an electric hybrid variation of the Mitsubishi Outlander MPV (2015 automatic) beat petrol and diesel-powered counterparts to become the fastest selling used car in London last month. It took an impressive average of just 12 days to make if from forecourts to congestion charge conscious Londoners.

Petrol and diesel however maintained their market dominance, with diesel proving its ongoing resilience, topping 8 of the 13 regions and countries tracked. What’s more, of all the vehicles making it on to the regional top ten lists, 54% were diesel. 

There was a particularly healthy demand for used medium and large sized diesels, topping the list in the North West (2017 Mercedes-Benz E Class – diesel automatic – 22 days), South (2015 BMW 5 Series – diesel automatic – 16 days), South East (2017 Ford Kuga – diesel automatic – 21 days),  South West (2015 BMW 1 Series – diesel manual – 27 days), Wales (2015 Nissan Qashqai – diesel manual – 30 days), West Midlands (2017 Mercedes-Benz E Class – diesel automatic –21 days) and Yorkshire (2015 Volkswagen Tiguan – diesel manual – 21 days).

Karolina Edwards-Smajda, Auto Trader’s Director of Commercial Products, said:It’s extremely encouraging to see such a solid performance from AFVs in July, which is a great reflection of a wider softening of consumer resistance. There’s clearly some way to go before mass adoption, but with sales of ultra-low and zero emission cars growing 25.3% during the second quarter of 2018, electric and hybrid cars are fast becoming a desirable addition to forecourts. For both the used and new markets, education will be key to driving adoption; to help inform their customers of the many benefits of AFVs, retailers can use the details in our recently launched Electric Hub.

Again, the data shows us that despite its new car challenges, diesel maintains a dominant position within the second-hand market. And it’s no surprise, as their greater fuel efficiency makes them more appealing to budget conscious consumers, especially when it comes to larger, family sized cars.

 

Hitting targets will always be determined by how quickly a retailer can turn their stock around and using data is the key to speeding it up. Users of i-Control, Auto Trader’s data management solution, took an average of just 29 days to sell a car in July, compared to a market average of 64 - 54% faster than those that don’t use the data management tool.

Karolina continued: “Featuring the right cars on your forecourt is essential for faster stock turn, which in turn is key to driving profits. Using data to complement your expertise can make all the difference in identifying the most desirable cars in your area.”

The UK’s Top 10 Fastest Selling Used Cars in July 2018:


Rank


Make/Model


Description

Average Days to Sell

Average Retail Price

1

Renault Zoe

2016 Renault Zoe Hatchback Electric Automatic

18

£6,497

2

Peugeot 308

2013 Peugeot 308 Hatchback Diesel Manual

18

£5,606

3

Volvo XC60

2015 Volvo XC60 Estate Diesel Manual

19

£18,407

4

Mercedes-Benz A Class

2016 Mercedes-Benz A Class Hatchback Petrol Manual

19

£16,923

5

Kia Sorento

2015 Kia Sorento SUV Diesel Manual

20

£18,488

6

Audi S3

2015 Audi S3 Hatchback Petrol Manual

20

£22,856

7

Mitsubishi Outlander

2015 Mitsubishi Outlander MPV Diesel Automatic

22

£14,272

8

Mitsubishi Outlander

2015 Mitsubishi Outlander MPV Diesel Manual

22

£14,301

9

Volkswagen Golf

2016 Volkswagen Golf Estate Petrol Automatic

22

£22,338

10

Hyundai i800

2017 Hyundai i800 MPV Diesel Manual

22

£16,585

-ENDS-

About i-Control:

i-Control is Auto Trader’s data intelligence solutions, which tracks live market movements, recommends what stock to buy, where to find it, how much to pay for it, and how much to sell it for taking into account regional differences in desirability – and is proven to improve stock turn, as we’ve seen, by 54%.

Using a combination of daily guide prices from over 4,500 dealer websites, the 500,000+ ads on Auto Trader and price data from all major auctions, fleet & lease companies and manufacturers, i-Control provides accurate valuations ensuring retailers’ stock is competitively priced from day one.

About Auto Trader

Auto Trader Group plc is the UK and Ireland’s largest digital automotive marketplace. Auto Trader sits at the heart of the UK’s vehicle buying process and its primary activity is to help vehicle retailers compete effectively on the marketplace in order to sell more vehicles, faster. Auto Trader listed on the London Stock Exchange in March 2015 and is now a member of the FTSE 250 Index.

The marketplace brings together the largest and most engaged consumer audience. Auto Trader has over 88% prompted brand awareness and attracts an average of 55 million monthly cross platform visits a month, with circa 70% of visits coming through mobile devices.

The marketplace also has the largest pool of vehicle sellers (listing more than 470,000 cars each day). Over 80% of UK automotive retailers advertise on autotrader.co.uk.

For more information, please visit http://about-us.autotrader.co.uk

 For all trade media enquiries, please contact:

Andrew Nankervis – Senior PR Manager, Auto Trader

Email: andrew.nankervis@autotrader.co.uk 

Tel: +44 203 747 7234

After steadily increasing for 7 months, the average price of a used car reached an all-time high of £12,977 in Dec. Average diesel prices declined from a high of £14,661 in Oct. to £14,536, whilst petrol reached a record of £11,288. You can read more here: https://t.co/X9MZLisV4Y https://t.co/UMAknC3frw
On an annual basis, the percentage of fuel related searches attributed to diesel have declined 40% since 2016, whilst searches for alternatively fuelled vehicles have shot up 130% and pure electric 179%. Get the full story here: https://t.co/X9MZLisV4Y https://t.co/WcwRX0vf1b
The latest results from the Auto Trader Retail Price Index revealed that the average cost of a used car last year was £12,542; an annual increase of +5%. Second-hand diesels held their value, increasing +3%, whilst petrol grew +7%. You can read more here: https://t.co/X9MZLisV4Y https://t.co/3o4PbNwElY
The FLA reports consumer finance declined -1% in November, reflecting a slowing market. In reality finance is fuelling sales & with prices steadily increasing will be key to unlocking different types of consumer in 2019. Read more in our Market Report https://t.co/lnN0L8ykH2 https://t.co/GU3GI37Oeo
Did you know we've combined Part Ex valuations and Dealer Finance to give you even better quality leads? You can find out more by listening to our recent dedicated webinar: https://t.co/H1yf8kWPnS https://t.co/MMgcsLMFrO
According to the @SMMT, the new car market in 2018 recorded a -6.8% decline on 2017. Diesel dropped nearly -30% but the big winner was AFV, increasing +20.9%. With an array of 2nd gen electric vehicles set to hit the market, will 2019 see the popularity of EVs surge even more? https://t.co/Y6Na7afAJq
Happy 2019! Hopefully not too many sore heads this morning. Remember, December's browsers are ready to be turned into January's buyers - make sure your ads stand out from the crowd with these top tips https://t.co/x8MACPb8S3 https://t.co/x6Zv6U9RkJ
Happy new year to all our customers, partners & friends. Despite what's been a challenging year for the industry both the new & used markets have shown incredible resilience, with both ending 2018 in solid health. That's worth raising a glass to! Cheers https://t.co/zS1WlTUoxt
Auto Trader is a company made up of 800 people committed to providing our customers, car buyers and colleagues with the very best service, platform and work place possible. We're very proud to have received lots of recognition for that commitment in 2018 #proud https://t.co/cC55R67WP0
Did you know that 52% of consumers starting the car buying process already claim to consider the cost of a car as a monthly price, rather than the full retail price? Finance is now central to the car buying process & getting it right, will be key to growth in 2019. https://t.co/yW6gBn0ELO

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Auto Trader Limited
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