We’ve read the report, so you don’t have to! Here are the key take-aways, you need to know… 

Used cars 

  • Used car sales are down 14% year-on-year but only 6% in comparison to pre-pandemic (June 2019) 
  • Auto Trader market health indicator is down 24% year-on-year with the supply of used cars stabilising and consumer demand falling, however, again, it’s still ahead of pre-pandemic levels 
  • June saw like-for-like used car prices increase by 23.7% year-on-year 
  • The decline in new car sales expects to see 27% less vehicles under 5-years-old in the market in 2024 vs 2019 

New cars 

  • New car registrations fell by 24% as global supply constraints persist  
  • 2 million ‘lost’ new car registrations predicted by the end of 2022 
  • When adjusted for current stock levels, engagement on new vehicles increased by 58% year-on-year with the average new car advert being viewed 166 times 
  • Average new car adverts generated 65% more leads than in 2021 

 

To download the full report, click here: Auto Trader Market Intelligence Report 

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