Press release

Used Car Transactions 2018 | Auto Trader's response

Comments from Nathan Coe, Chief Operating Officer and Chief Financial Officer

“Whilst the impact of the ongoing fuel debate, WLTP regulations, and Brexit anxieties were keenly felt in the new car market, the used car market, which although marginally down on 2017, has shown resilience. It highlights that despite the dent in consumer confidence, demand remains high as consumers continue to change their cars on average every 3.3 years, which is still in line with the car parc turn trends we have seen over the last 10 years.  

“The new car market may be turning its back on diesel, but there is still a healthy demand for the second-hand variant. Today whilst the UK car parc is still slightly more skewed to petrol, it’s not surprising to see that used diesels are selling at a similar rate to their petrol counterparts. And contrary to expectation, despite the decline in the new car market, far from sending the value of second-hand diesels plummeting, our data shows that used diesel prices are not only growing, but growing at a faster rate than petrol.

“It’s encouraging that the growing level of consumer appetite in new AFVs is starting to trickle through to the used car market, albeit growth is off a very small base. The trend in AFVs is being mirrored on our marketplace. For over a year fuel related searches attributed to AFVs remained flat at just 4%. However, between July and October 2018, searches grew to 7%. At the current trajectory we anticipate one in ten fuel related searches will be for a zero-emission car by the end of the year.”  

Whilst the current market is far from predictable, it’s a safe bet that those buyers looking to make a purchase early next year are looking at your adverts on our marketplace right now. So what do you need to do to prepare for January?👇https://t.co/qwwUW9oYTs
EVs have proven again to be a bright spot in the latest @SMMT figures says @IanJPlummer. Fuel anxiety, greater environmental awareness, and the ‘cool factor’ are all helping to drive sales. https://t.co/Liuj74ZpOF
The record growth we’ve seen in used car prices in recent months shows no signs of slowing with November marking the 20th month of consecutive price growth. So where are prices currently at and what we can expect in the near future. Find out now 👉 https://t.co/LknZuxwuiT https://t.co/9JDMTOzn2s
Did you know that 42% of buyers in January this year did their research in December 2020? With this trend set to continue this year, @AndrewKorpela shares some advice on how to entice January's buyers to your adverts right now, setting you up for success next year. https://t.co/uuCOTMTCcG
It's no secret that we've seen the number of buyers considering an electric vehicle grow through 2021. But are buyers really interested in electric vehicles and how does this translate into buying intent? Find out in our The Road to 2030 Report👉https://t.co/ag3HZOMpFT https://t.co/2EZcsZKEHO
We recently marked our 1 year anniversary since we launched RPM, our online learning platform for retailers. In the last 12 months, we’ve found that retailers who’ve attended these masterclasses go on to sell their vehicles 10% quicker! Find out more - https://t.co/gXfP03yPAA https://t.co/3X02xWECId
Auto Trader Connect is now live to all retailers who requested access and who's partners have integrated with us. Auto Trader Connect puts the power of real-time data in your hands, enabling you to more efficiently manage your forecourt. Find out more - https://t.co/ygKfaAbven https://t.co/B8XGCfI4xD
We're still seeing retailers underpricing stock. With demand still high, there is a huge opportunity to make additional profit by pricing to market. https://t.co/AFIvnD8cOt
Of all the sales in January 2021, 42% were the result of searches made in December 2020. Make sure you're advertising all of your stock now so that you can kick of 2022 with a bang. https://t.co/jOjKQRTACD
We’ve seen 4 years of price growth in just 5 months and this shows no signs of slowing, with mid November seeing the average price of a used car rising to a staggering £19,852. https://t.co/8j0qtqT9yd

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