Press release

The Kia Sorento soars to the top as UK’s current fastest selling used car

  • 2014 Kia Sorento is the UK’s fastest selling used car according to Auto Trader’s live market data
  • Used car demand up 1% year-on-year in the week commencing 14th September
  • BMW 3 Series sees highest month-on-month price increase

The 2014 Kia Sorento (diesel manual) has been revealed as the UK’s current fastest selling used car taking just 24 days to sell at the moment.

Data from Auto Trader’s Fastest Selling Index, which live tracks the potential speed at which vehicles will sell based on live supply and demand in the market, showed that demand for SUVs is still holding strong. The Sorento was joined by six of its SUV stable mates on the top ten fastest selling list. These include last month’s fastest selling car, the Mazda CX-5 (2016 diesel manual – taking 25 days to sell), Kia Sorento (2014 diesel automatic – 25 days), Peugeot 2008 (2014 diesel manual – 26 days), Mazda CX-5 (2016 diesel automatic, 28 days), Kia Sportage (2014 petrol manual – 29 days) and Mercedes-Benz GLA (2019 petrol manual – 30 days).

The enduring popularity of SUVs was further supported by data from Auto Trader’s Market Insight tool, which is available for free to all of Auto Trader’s retail partners via their Portal account, which revealed that demand for SUVs was up 33.4% year-on-year, higher than any other body type.

Whilst SUVs continue to be the star of the show, the broader market for used cars continues to see a surge in demand increasing by 21.1% year-on-year in the week commencing 14th September. All body types are also currently experiencing an increase in demand. This level of demand has contributed to 20 weeks of consecutive price growth for used cars. In the week 14th – 20th September, our pricing data revealed average prices increased by 7.7% year-on-year.

On a make/model level, the BMW 3 Series (petrol manual) saw the largest month-on-month price increase with asking prices of 1-3 year old vehicles in Sport trim soaring by 23.3%. Petrol vehicles dominated the list of top ten month-on-month price increases with the BMW 3 Series being joined by the Audi A3 S line (up to 1 year old petrol manual) increasing in price by 20%, whilst the Nissan Juke Tekna (up to one year old petrol manual) increased by 16.1%, Vauxhall Grandland Elite Nav (up to one year old petrol manual) increased by 16.1%, Renault Captur Iconic (up to one year old petrol manual) increased by 11.3%, Fiat Tipo Easy (up to 1-3 year old petrol manual) increased by 9.8%, and finally the Hyundai i10 Premium (up to one year old petrol manual) increased by 9% since last month.

Commenting on the Index, Auto Trader’s director of commercial products, Karolina Edwards-Smajda, said: “The sustained consumer demand coupled with decreasing days to sell is supporting the continued price growth, which all points to a healthy market at the moment. Whilst all demand metrics point to healthy used car sales, few retailers can afford to be complacent. Retailers should capitalise on the huge demand by utilising the most up-to-date data to help them make decisions on what to stock and how to price it, which is especially key at a time when sourcing stock is a challenge.”

Current fastest selling used cars (by days to turn) – as of 23rd September 2020:

Rank

Make / model

Fuel & transmission

Auto Trader Retail Rating

Predicted days to sell

1

2014 Kia Sorento

Diesel - Manual

99.75

24

2

2016 Mazda CX-5

Diesel - Manual

99.74

25

3

2014 Kia Sorento

Diesel - Automatic

99.67

25

4

2014 Peugeot RCZ

Petrol - Manual

99.26

25

5

2014 Peugeot 2008

Diesel - Automatic

99.34

26

6

2016 Mazda CX-5

Diesel - Automatic

99.79

28

7

2018 Mercedes-Benz V-Class

Diesel - Automatic

98.87

28

8

2017 Mercedes-Benz V-Class

Diesel - Automatic

98.35

28

9

2014 Kia Sportage

Petrol - Manual

97.58

29

10

2019 Mercedes-Benz GLA

Petrol - Manual

97.85

30

 

Current slowest selling used cars (by days to turn) – as of 23rd September 2020:

Rank

Make / model

Fuel & transmission

Auto Trader Retail Rating

Predicted days to sell

1

2019 Mercedes-Benz C Class

Petrol - Manual

2.41

150

2

2019 Subaru Forester

Petrol Hybrid- Automatic

2.47

150

3

2020 Audi A4

Diesel - Automatic

2.26

149

4

2019 Volvo S90

Petrol Plugin Hybrid – Automatic

2.54

149

5

2020 Maserati Levante

Petrol – Automatic

2.42

147

6

2019 DS 3 Crossback

Diesel - Manual

2.43

146

7

2020 Mercedes-Benz C Class

Diesel Plug-in Hybrid - Automatic

2.23

143

8

2019 Kia XCeed

Petrol - Manual

2.62

141

9

2020 Mercedes-Benz C-Class

Petrol - Automatic

2.50

139

10

2019 Kia XCeed

Manual Diesel

2.26

127

Biggest asking price increase between August – September 2020:

Rank

Make / model / trim

Age

Fuel & transmission

Price change

(£)

Price change (%)

1

BMW 3 Series Sport

1 - 3 years

Petrol - Manual

£4,009

23.30%

2

Audi A3 S Line

up to 1 year

Petrol – Manual

£4,379

20.00%

3

Nissan Juke Tekna

up to 1 year

Petrol - Manual

£2,776

16.10%

4

Vauxhall Grandland Elite Nav

up to 1 year

Petrol - Manual

£2,482

13.10%

5

Volkswagen Passat R-Line

3 - 5 years

Diesel - Automatic

£1,829

12.80%

6

Renault Captur Iconic

up to 1 year

Petrol - Manual

£1,431

11.30%

7

Audi A7 SE Executive

3 - 5 years

Diesel - Automatic

£1,855

10.30%

8

Volkswagen Golf Match

up to 1 year

Diesel - Automatic

£1,724

9.90%

9

Fiat Tipo Easy

1 - 3 years

Petrol - Manual

£723

9.80%

10

Hyundai i10 Premium

up to 1 year

Petrol - Manual

£969

9.00%

- ENDS-

About Auto Trader’s Retail Rating

The average days to turn is determined using Auto Trader’s unique Retail Rating metric, which utilising the latest pricing data, as well as supply and demand dynamics, provides an indication of how likely the vehicle will sell if priced according to the live retail market. This is represented by a numerical value out of 100.

Retail Rating is based on analysis of over 1.9 million vehicles each day, including 90,000 vehicle updates and an average of 19,000 vehicles added or removed from Auto Trader. Coupled with data from circa 450,000 daily trade used car listings, as well as additional dealer forecourt and website data, it’s the industry’s largest and most robust dataset.

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 100 Index.

The marketplace brings together the largest and most engaged consumer audience. Auto Trader has over 90% consumer prompted brand awareness and attracts circa 50 million monthly cross platform visits each month, with over 80% of visits coming through mobile devices.

For more information, please visit https://plc.autotrader.co.uk/who-we-are/about-us/

For all media enquiries, please contact:

Rachel Newby | rachel.newby@autotrader.co.uk 

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