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
